AVP, Annuity Inforce Model Governance (*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 #: 73035

 

The Role at a Glance

 

As an AVP Annuity Inforce Model Governance, you will lead a team to perform comprehensive reviews of various models used in the Annuity business unit for purposes of valuation, projections, pricing, financial planning, and strategic projects. The focus of this team is to deliver value-adding, actionable model insights, improve stakeholder confidence in our modeling, and support inforce model management and implementation to drive business results. 

This position will also provide the opportunity to positively impact decision making by refining the models used for long-term strategic plan.  The individual will work with other teams to improve the understanding of the true shape of inforce capital generation to uncover key business insight for management.

 

What you'll be doing

 

• Lead a team to provide detailed reviews of modeling work performed by the model development team and ensuring robust documentation of the reviews.
• Lead a team to perform an independent comprehensive model validation for key model changes including key data inputs, assumptions, and model calculations.
• Partner with model development team lead and other subject matter experts to advise the qualified actuary and other key stakeholders on the level of model review required for a particular model change. 
• Lead a team to develop, improve, and/or maintain various model validation tools.
• Engage with model developers and other stakeholders to communicate model review findings and develop appropriate solutions.
• Support inforce model management and implementation, including ensuring appropriate governance activities have been completed and documented.
• Review financial projection model used for long-term strategic plan, identify & research issues in models, and provide solutions.
• Establish effective working relationships and trust with key stakeholders, such as the Valuation, Qualified Actuary, and Appointed Actuary teams
• Act as a subject matter expert on Annuity product mechanics, modeling approach, and materiality and appropriateness of any modeling simplifications 
• In partnership with management and stakeholders, design and implement process improvements to governance, controls, and/or oversight

 

What we’re looking for

 

• 10+ years of experience in actuarial science that directly aligns with the specific responsibilities of this position, including 3+ years of managerial, supervisory, and/or demonstrated leadership experience
• Fellow of the Society of Actuaries (FSA) designation or Associate (ASA) with additional years of actuarial experience
• Expert level knowledge of modeling annuity mechanics and product strategies
• Experience in reviewing and assessing the appropriateness of complex models (AXIS preferred)
• Strong understanding of regulatory and accounting frameworks (Stat/GAAP/Tax/RBC)
• Comfort working with and communicating across various teams and levels of seniority, including effective challenge and independent thinking 
• Strong project management skills, including critical ability to coordinate and balance multiple projects in a time-sensitive environment with occasionally changing priorities
• Experience leading early to mid-career actuaries
• Advanced analytical and problem-solving skills
• Understanding of capital markets and financial instruments (assets and derivatives) that support annuity products
• History of innovation and process improvement
• Proficiency with business intelligence tools (e.g. Tableau), and advanced Excel skills a plus

 

 

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:

• Clearly defined career tracks and levels to help you successfully manage your career

• Leadership development and virtual training opportunities

• PTO/parental leave

• Competitive 401K and employee benefits