Sr Associate Actuary, ERM Group Benefits Oversight (*remote consideration)

Date: Jun 1, 2023

Primary Location: Radnor, PA, US

Company: Lincoln Financial

Alternate Locations: Work from Home


Work Arrangement:

Hybrid/Flexible : Work at home and use the office as appropriate for in-person collaboration.


Relocation assistance:  is not available for this opportunity.


Requisition #: 71674


The Role at a Glance


As a Senior Associate Actuary, you will play an integral role as the Enterprise Risk Management (ERM) representative for the Group business plus oversee all aspects of product risk team technology solutions, data visualizations, and enterprise reporting. The focus of this group is to deliver insightful, value-add, actionable risk analytics and governance to drive business results.

In this role, you will be responsible for oversight of Group product development and pricing, assumptions risk and governance, and new business profitability reporting. This position will also use coding and data visualization skills to advance strategic projects/initiatives plus be responsible for the production and review of multi-line risk/return and profitability reporting. 

This role is within the Chief Risk Office, reporting to the VP, Corporate Actuary and Head of ERM Product Risk.  It offers a unique combination of experience in corporate actuarial oversight, ERM product risk, and strategic business partnership at an exciting time of transformation. 

*We’re open to remote work or hybrid / home if you are located near one of our key city locations


What you'll be doing


Group Pricing, Product, and Risk Analysis

  • Assist in the review of new product strategies, development, design, pricing, and implementation.
  • Evaluate the impact of the potential product design changes on the reserve and/or capital requirement, profitability, and tail risks.
  • Lead assumptions oversight for Group business, including assumption development, modeling, annual updates, and risk assessments.
  • Partner on strategic reinsurance opportunities and analysis.
  • Support the development of risk/return pricing standards and risk management methodologies based on actuarial and capital markets/economic principles.

Business Management

  • Establish effective working relationships throughout the organization, both at the corporate level and within the Group business.
  • Act as a subject matter expert on all Group product lines in terms of product knowledge, risk profiles, modeling approach, and reserve requirements.
  • Monitor and analyze developments in actuarial techniques, laws, regulations applicable to Group operations, plus competitive developments in the marketplace.
  • Implement process improvements, consistency, governance, controls, and oversight.
  • Research and prepare briefings on status of key projects and initiatives to senior leaders.

Special Projects

  • Participate in ad hoc projects related to product development, implementation, inforce management, and corporate risk management initiatives. 
  • Assist in the buildout of Lincoln Financials’ risk appetite framework for new business.
  • Support the advancement of financial metrics and dashboards for use in strategic planning


What we’re looking for


  • 6-10 years of experience in actuarial science
  • Fellow of the Society of Actuaries (FSA) designation or Associate (ASA) with additional years of actuarial experience
  • Demonstrated knowledge of Group insurance mechanics and product strategies
  • Proficiency with programming and data visualization software (PowerBI a plus)
  • Strong project management skills, including critical ability to coordinate and balance multiple projects in a time-sensitive environment with occasionally changing priorities
  • Comfort working with and communicating across various teams and levels of seniority, including effective challenge and independent thinking 
  • Curiosity, comfort asking questions and challenging the status quo



What’s it like to work here?

At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.


What’s in it for YOU:

  • A clearly defined career framework to help you successfully manage your career

  • Leadership development and virtual training opportunities

  • PTO/parental leave

  • Competitive 401K and employee benefits

  • Free financial counseling, health coaching and employee assistance program

  • Tuition assistance program

  • A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations

  • Effective productivity/technology tools and training


Pay Range: $102,301 - $184,500 


Actual base pay could vary based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees.  In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual.  Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.


About The Company

Lincoln Financial Group, a Fortune 200 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.

Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $324 billion in end-of-period account values as of June 30, 2021.

Ranked one of the Best Large Employers in America and Best Employers for Women by Forbes magazine as well as one of Newsweek’s Most Responsible Companies, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.


Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. 


Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at


Be Aware of Fraudulent Recruiting Activities

If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.

Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview.  Please contact Lincoln's fraud team at if you encounter a recruiter or see a job opportunity that seems suspicious.


Additional Information

This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.


Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.


Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information.  Applicants are evaluated on the basis of job qualifications.  If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.


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