Associate Actuary, Actuarial Development Program (*remote consideration)

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 #: 71028

 

The Actuarial Development Program

 

The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial’ s commitment to creating highly qualified business leaders.  As an ADP participant, you’ll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed. The Actuarial Development Program includes a series of rotations, typically every 18-24 months. For each rotation, roles are available in different business areas including Life and Annuities, Retirement and Group Protection. Experience gained will enable participants to become well-rounded actuaries with knowledge that may include Product Development, Pricing, Valuation, Modeling, Risk Management, Asset Liability Management, Investments, Data Analytics, and Internal Audit.

 

ADP participants are expected to pass the Society of Actuaries’ exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well-rounded actuarial leader.

 

Additional Program Highlights:

 

Highly competitive compensation package with salary increases and bonuses upon successful exam completion
Social and training opportunities to enhance skills, network with ADP participants and build long-lasting industry relationships 
Dedicated leaders and mentors to assist with career development
Work with actuarial and data science software and technologies including MG-ALFA, Axis, Prophet, Dataiku, R, and Tableau
Generous study time allowances for each exam session
Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program
The Role at a Glance:

The Role at a Glance

 

As an Associate Actuary, you will be assigned to one of Lincoln’s Actuary departments where you will play an integral role in the function of supporting the group’s actuarial responsibilities across multiple lines of business, delivering insightful, value-add, actionable analytics and governance to drive business results. In any actuarial rotational role that you would be placed in, you could be responsible for a variety of tasks and learning opportunities to include:

 

Valuation work

• 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 

 

Modeling & Assumptions

• 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

 

Pricing & Profitability

• 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

 

Process improvements

• 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 

 

Technical Support

• Maintain existing actuarial models/tools, assist with mechanical and conceptual troubleshooting
• Work with actuarial and data science software and technologies including MG-ALFA, Profit, Dataiku, R, and Tableau

 

Product Development

• Developing a new insurance product or re-pricing an existing product based on customer needs

 

Risk Management/Analysis

• Partnering with various teams to understand risks posed by new products and developing recommended approaches to reflect risk

 

Reporting and Presentations

• Presenting to actuarial and non-actuarial leaders within assumption review committee meetings

What you'll be doing

 

• Build relationships across different business units
• Collaborate with team m