Actuary, Annuity Model Development

Lincoln Financial • Radnor, PA

1d • Hybrid

About The Position

We’re excited to bring on an Actuary, Annuity Model Development, to play an integral role focused on developing industry-leading model capabilities and collaborating with key stakeholders to ensure our models are optimized to deliver on a broad array of critical business needs. The individual will work with stakeholders to identify and prioritize quarterly model enhancements and collaborate with the rest of the Annuity Model Development team to implement model enhancements appropriately and efficiently as well as develop and execute post enhancement implementation validation and analysis processes.

Requirements

• Actuarial modeling and/or valuation experience in GGY-AXIS
• 7-10 years of actuarial experience
• Substantial experience with annuity products
• Significant exposure to regulatory/accounting/capital frameworks (STAT/GAAP/Tax, RBC, EC)
• Understanding of capital markets and financial instruments (assets and derivatives) that support Annuity products
• Excellent communication skills
• Works well in a team environment
• ASA designation (required)

Nice To Haves

• FSA designation (preferred)
• Competency with R, Python, SQL, and/or Excel VBA
• Experience working with business intelligence tools (e.g. Tableau)
• History of innovation and process improvement
• Experience pricing annuity products and/or working on Cash Flow Testing, Financial Plan, and ALM projections

Responsibilities

• Gain a thorough understanding of the existing AXIS payout annuity model and its applications.
• Take ownership of the payout annuity model, ensuring the accuracy, consistency, and efficiency of model operations and results.
• Help in leading the development of the payout annuity model to support critical business processes, including Stat, GAAP, and Tax Reserve reporting, Asset Adequacy Testing, Asset/Liability Management, Financial Plan and Economic Capital projections.
• 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

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed