Actuary, Short Term Disability Pricing

Alternate Locations: Work from Home; Boston, MA (Massachusetts); Charlotte, NC (North Carolina); Dover, NH (New Hampshire); Omaha, NE (Nebraska); 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 #: 73382

 

The Role at a Glance

We are excited for the opportunity to bring on an experienced Pricing Actuary to lead our Short Term Disability (STD) Pricing team. Lincoln is a leading provider of Employer Benefits and STD is a core component of our product suite. As the Lead of our STD team, you will be responsible for setting STD rates and will be a major contributor to the strategic direction of the product.  STD products include fully insured and self-insured products.  Additionally, the role with oversee paid family medical leave (PFML) and states statutory plans.

What you'll be doing

• Lead and mentor team of actuarial students and actuaries. 
• Oversee the development and implementation of pricing assumptions used to develop Short Term Disability rates and fees.
• Collaborate with business partners in Product, Underwriting, Finance, and Distribution to drive STD business strategy.
• Oversee required state quarterly and annual reporting.
• Coordinate manual pricing platforms leading to common rating practices.
• Work with compliance organization for rate filing requirements
• Remain current and educating the organization on STD Pricing best practices. 
• Support cross functional STD initiatives by providing STD Pricing subject matter expertise. 
• Collaborates with Finance, Distribution, and Underwriting teams to develop a Pricing Strategy for Short Term Disability. 
• Monitors new sale profitability and renewal execution throughout the year and provides recommended changes where appropriate. 
• Maintains a strong relationship with key business partners throughout the organization and leverages those relationships to stay on top of emerging internal and external trends.
• Provides Pricing subject matter expertise to team members and internal/external stakeholders on complex assignments/projects.
• Develop innovative strategies to drive targeted business results for key market segments.
• Lead data-driven analysis to inform decision making.
• Provides training and development opportunities, including stretch assignments, for team members and gives honest and open feedback to aid in the development of talent.
• Directs and evaluates individual/team performance and takes appropriate action to meet and/or exceed performance standards for the Pricing Strategy team.
• Establishes and implements priorities, performance goals and objectives to ensure results.

What we’re looking for

Must Haves: 

• 4 Year/Bachelor's degree (or equivalent) 
• 5+ years of Disability or Group insurance pricing experience
• Past history of managerial, supervisory, and/or demonstrated leadership experience is preferred
• FSA or ASA designation 
• Strong communication, collaboration, and analytical skills
• Experience managing a team of technical experts 

Application Deadline

Applications for this position will be accepted through Friday, August 16, 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 own future. 

 

What’s in it for you:

• Clearly defined career tracks and job levels, along with associated behaviors for each Lincoln leadership Attribute.

• 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