Actuarial Analyst, Annuity Model Development

Lincoln Financial•Radnor, PA

10d•$94,875 - $151,800•Hybrid

About The Position

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. We’re excited to bring on an Actuarial Development Program student to play an integral role focused on developing industry-leading model capabilities. The individual will work with modeling leads and stakeholders to perform model development and testing in the AXIS fixed and fixed index annuity models.

Requirements

5+ years of actuarial experience
Experience with Life and/or Annuity products
Actuarial modeling and/or valuation experience, preferably in GGY-AXIS or comparable actuarial modeling software
Effective communication skills
Works well in a team environment

Nice To Haves

ASA designation from Society of Actuaries
Familiarity with regulatory/accounting/capital frameworks (STAT/GAAP/Tax, CFT/ALM/RBC, Bermuda BEL)
Experience pricing annuity products and/or working on Cash Flow Testing, Financial Plan, and ALM projections
Competency with Python, SQL, and/or Excel VBA
Experience working with business intelligence tools (e.g. Tableau)
History of innovation and process improvement

Responsibilities

Perform development of the fixed and fixed index annuity models to support critical business processes, including Stat, GAAP, Tax Reserve, Asset Adequacy Testing, Asset/Liability Management, Financial Plan, Bermuda BEL, and Economic Capital projections.
Ensure proper documentation, review, and validation of model developments and enhancements.
Gain a thorough understanding of the existing AXIS fixed and fixed index annuity models and its applications.
Collaborate on the development of end user tools to support model validation and analysis.
Ensure proper documentation, review, and validation of model developments and enhancements.

Benefits

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
Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
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
Work arrangements that work for you
Effective productivity/technology tools and training