Actuary, Annuity Model Development (Remote Consideration)

Lincoln Financial Group • Springfield, IL

417d • $90,300 - $164,700 • Remote

About The Position

The Actuary, Annuity Model Development role at Lincoln Financial Group is focused on developing advanced model capabilities to support critical business processes. This position involves collaborating with stakeholders to enhance models for Stat, GAAP, and Tax Reserve reporting, among other financial projections. The actuary will also be responsible for validating and analyzing model enhancements, ensuring they meet business needs effectively.

Requirements

• 7-10 years of actuarial experience
• Actuarial modeling and/or valuation experience, preferably in GGY-AXIS
• Strong understanding of regulatory/accounting/capital frameworks (STAT/GAAP/Tax, RBC, EC)
• Substantial experience with annuity products and general insurance business knowledge
• Understanding of capital markets and financial instruments that support Annuity products
• Excellent communication skills
• Ability to work well in a team environment
• FSA designation (preferred) or ASA designation (required)

Nice To Haves

• Competency with R, Python, SQL, and/or Excel VBA
• Experience with business intelligence tools (e.g. Tableau)
• History of innovation and process improvement

Responsibilities

• Lead the development of models for Stat, GAAP, and Tax Reserve reporting, Asset Adequacy Testing, and other financial projections.
• Understand existing models and recommend improvements for future models.
• Collaborate on developing end-user tools for model validation and analysis.
• Ensure proper documentation, review, and validation of model developments and enhancements.
• Assist in converting Annuity models from MG-ALFA to Moody's AXIS.

Benefits

• 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
• Remote work environment and flexible work hybrid situations
• Effective productivity/technology tools and training

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees