Actuary, Annuity Valuation (Qualified Actuary Team)

Lincoln Financial Group-posted 4 months ago

$108,501 - $195,900/Yr

Full-time • Senior

Radnor, PA

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

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Lincoln has an exciting role open for an Actuary on the Annuity Qualified Actuary team. This is a unique valuation position which offers opportunities to provide thought leadership on key company initiatives. The Annuity Qualified Actuary team provides guidance and ensures proper implementation of reserve methodology to support new product initiatives and changes in regulation. This is a highly collaborative role which provides valuation and regulatory input to stakeholders in Finance, Investments, Pricing, Risk Management, and Experience Studies. The role also provides opportunities for involvement in broader industry discussions relevant to Annuity Valuation.

Provides specialized expertise and thought leadership to internal/external stakeholders for annuity valuation
Ensures actuarial models and assumptions for his/her assigned area(s) comply with all company, financial and industry laws, rules, and regulations
Maintains knowledge on current and emerging developments/trends including regulatory changes for annuity valuation, assesses the impact, and collaborates with management to incorporate new trends and developments in current and future strategies
Reviews quarterly GAAP and Statutory results and communicates key drivers of results
Ensures that risks, exposure, and key business issues are identified, properly accounted for and resolved
Collaborates with key business/management stakeholders to drive the development and adoption of key financial decisions and risk management techniques for the enterprise
Supports Finance by providing information and exhibits needed for financial reporting
Meets all deadlines and provides accurate information consistent with Stat, GAAP, and other professional requirements and standards
Lead regulator, internal and external auditor, and survey inquiries; promptly drives resolution
May oversee preparation of operational and risk management metric reports for analysis and presentations to management
Introduces and encourages innovation, improvements, and efficiencies where possible in the reserving/reporting processes
Collaborates heavily with financial and pricing leadership to effectively manage the Annuities product lines
May be involved with review of annuity assumption development work
Establishes business partnerships and alliances across the organization and industry; finds common interests and mutually beneficial grounds to help achieve business objectives

4 Year/Bachelor's degree (or equivalent) in Actuarial Science or Mathematics
7+ years of increasing actuarial experience
FSA designation or ASA designation with substantial additional years of actuarial experience
Significant experience with annuity products, regulation and valuation
Strong experience with regulatory/accounting/capital frameworks (STAT/GAAP/Tax, RBC, EC)
Experience with balance sheets, income statements, and financial projections
Confident, comfortable communicator with excellent written and verbal communication skills
Demonstrated relationship management skills with internal clients; proven ability to develop creative and collaborative approaches.
Demonstrated project management skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
Proficiency with AXIS, Dataiku and Tableau is a plus
Advanced proficiency with Excel, Word, PowerPoint

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

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