Lincoln Financial Group-posted 3 months ago
$61,501 - $112,000/Yr
Full-time • Entry Level
Radnor, PA
Insurance Carriers and Related Activities

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.

  • Maintain annual Asset Adequacy Testing, X-Factor, Preferred Mortality, and C 3 Phase I Memorandums, including updates to results and refinements to product descriptions and emerging regulatory changes
  • Prepare state-specific regulatory reports, such as ad-hoc reporting requirements provided to California and New York
  • Coordinate model projection results and assumption updates from various cross-functional teams to support financial reporting metrics
  • Develop tools to improve cash flow analysis used for financial reporting, emerging issues, potential block deals, asset transactions, and market movements
  • Perform annual development and validation of asset reinvestment assumptions and discount factors used in Asset Adequacy Analysis
  • Generate asset cash flow files and assumption tables used in actuarial models
  • Support Appointed Actuary team in key initiatives and projects, including analysis of emerging regulations, potential strategic transactions, and asset and capital allocation
  • Develop familiarity with the Bermuda regulatory framework and requirements
  • Collaborate with team members and peers across department functions to assist with problem solving and sharing ideas
  • Potential to manage a summer intern by providing guidance on projects and fostering professional development
  • Minimum of 4 actuarial exams passed
  • 1 to 4+ years of actuarial experience
  • 1 prior actuarial rotation
  • Confident, comfortable communicator with strong written and verbal communication skills
  • Utilizes project management techniques to effectively organize tasks
  • Builds effective relationships and can collaborate across team functions
  • Initiates process improvements utilizing technology platforms
  • Adapts to shifting priorities and meets firm deadlines
  • Evaluates data trends and investigates inconsistencies as needed
  • Basic understanding of statutory and GAAP reporting
  • Experience with actuarial modeling software (i.e. ALFA, AXIS) a plus
  • Dataiku, Tableau, and Teamwork experience desired but not required
  • Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
  • Clearly defined career tracks and job levels
  • 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
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