AVP, Actuarial Mgt (Group Assumptions & Reserve Strategy)

Alternate Locations: Atlanta, GA (Georgia); Boston, MA (Massachusetts); Charlotte, NC (North Carolina); Dover, NH (New Hampshire); Hartford, CT (Connecticut); Omaha, NE (Nebraska); Radnor, PA (Pennsylvania); Work from Home

 

 Work Arrangement:

Remote : Work at home employee residing outside of a commutable distance to an office location.

 

Relocation assistance:  is not available for this opportunity.

 

Requisition #: 72751

 

The Role at a Glance

This position provides leadership, direction and functional expertise to ensure departmental results. You will direct and provide subject matter expertise on the design and execution of actuarial models and analysis. In addition, you will contribute to the development of Actuarial strategy and ensure the design and execution of actuarial models and associated analysis to enable and support fact based decision making by management.

What you'll be doing

• Responsible for reserve assumption development for GP product lines, including leading recommendation communications with GP and Corporate Sr. Mgt.   Oversees the development and partners in the implementation of reserving assumptions for GAAP, Stat, Tax for current products as well as any new product development initiatives.
• Assess experience, source of earnings analysis, reserve adequacy, and forward-looking drivers to develop assumption update recommendations as needed for GAAP and STAT reserves, including communication of experience trends and drivers to Sr. Management (Internal GP, and Corporate AG leaders)
• Direct the development of new and upgrading the quality of existing actuarial projection and A/E tools to leveraged into experience tracking and assumption setting.  
• Direct the execution of adequacy studies including runout analysis, prospective reserve adequacy studies including dashboard development, and related controls.
• Responsible for construction and maintenance of Group Protection actuarial experience studies - including determining and implementing methodology changes, reviewing internal experience to identify material trends/changes, and delivering information to key stakeholders.
• Partner with others in Valuation Leadership to assess reserves for potential adjustments as needed quarterly based on claims process changes, claims inventory issues or external factors affecting our view of a best estimate reserves.
• Partner with others in Valuation Leadership to develop and implement enhancements to our data strategy (consistency of data output across updates/basis, historical restatements etc.) and ensure buy-in from key data stakeholders (ex. Pricing, Data Insights & Analytics)
• Identify and direct the development of Regulatory Requirements and other External Requirements and partner with Valuation Reserving and Controls team to implement.
• Ensure compliance with all internal and external audits related to items above, and promptly drive needed resolutions.
• Directs and evaluates departmental performance and takes appropriate action to meet and/or exceed performance standards.
• Contributes to the strategy development for actuarial trends, issues and/or concerns.
• Directs actuarial projects with broad impact to the enterprise, delegating work and providing appropriate levels of support and responsibility to employees.
• Partners effectively with various levels of management and other stakeholders to generate high-quality decisions.

What we’re looking for

Must-Haves: 

• 4 Year/Bachelor's degree (or equivalent) 
• 10+ Years of experience years in actuarial science that directly aligns with the specific responsibilities for this position, including 3+ years of managerial, supervisory, and/or demonstrated leadership experience including influencing senior management/critical stakeholders experience
• Upon Hire Certifications/Licensures: (FSA designation or ASA designation with additional years actuarial experience)

 

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

• Compe