Specialist, Actuarial, Annuity Valuation (*remote consideration)

Alternate Locations: Radnor, PA (Pennsylvania)

 

 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 #: 73467

 

The Role at a Glance

 

The Role at a Glance
As part of Lincoln's Actuarial Development Program, as a Specialist, Actuarial Associate, you will be assigned to one of Lincoln’s Actuarial departments where you will play an integral role in the function of supporting the company’s actuarial responsibilities across multiple lines of business, delivering insightful, value-add, actionable analytics and governance to drive business results. Throughout the rotational process, participants are strategically rotated to a wide range of positions, providing experience in three key areas:  Product & Pricing, Financial, and Technical.  In addition, participants are provided opportunities to gain exposure to multiple lines of business, as well as both group and individual insurance.  Participants are placed into positions based upon what skills they can offer the position as well as what experiences the position can offer them.  It is a collaborative process between the program leaders (actuaries), managers, and participants.  Lincoln’s actuarial leadership plays an active role in developing the ADP participants.
In any actuarial rotational role that you would be placed in, you could be responsible for a variety of tasks and learning opportunities such as:

 

• Developing a new insurance product or re-pricing an existing product based on customer needs 
• Perform pricing analysis using internally developed software, and analyze the pricing results for new/redesigned annuity contract and rider benefits
• Conducting asset adequacy and cash flow testing using actuarial software
• Creating monthly, quarterly, and annual reserves and financial statements
• Developing and analyzing business models to analyze portfolio holdings
• Work across the enterprise to gather, validate, and analyze statutory reserves and capital for all holding company entities as part of an emerging international capital framework
• Improve efficiency of technological tools used for asset adequacy testing and statutory reporting (Dataiku)
• Build on existing automation efforts with Dataiku and Tableau to increase efficiency, gain insight into the analysis of results, reduce the potential for error, and improve presentation of results 
• Maintain existing actuarial models/tools, assist with mechanical and conceptual troubleshooting
• Work with actuarial and data science software and technologies including MG-ALFA, Prophet, Dataiku, R, and Tableau 
• Develop, expand, and maintain validation tools such as external spreadsheets used to verify model results.  Create and maintain proper documentation of model changes.
• Perform dynamic validation and analyze actual against modeled assumptions  
• Partnering with various teams to understand risks posed by new products and developing recommended approaches to reflect risk
• Presenting to actuarial and non-actuarial leaders within assumption review committee meetings

 

What you'll be doing

 

What you'll be doing

• Support the group’s actuarial initiatives and on-going business needs
• Complete assigned projects with impactful outputs
• Build relationships across different business units and actuarial functions
• Collaborate with actuarial team members
• Receive coaching and mentorship from senior actuarial team members and leaders

 

What we’re looking for

 

What we’re looking for

• 1-4+ years of experience in actuarial science
• 4-8 actuarial exams passed progressing towards an ASA designation
• Driven, motivated and resourceful problem-solvers with critical thinking skills who are eager to learn, are coachable and committed to the rotational and exam progress parameters laid out by Lincoln.

 

Application Deadline

 

Applications for this position will be accepted through September 6, 2024, subject to earlier closure due to applicant volume.

 

 

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 ow