Actuary, Life Inforce Model Development
About The Position
As an Actuary of the Life Inforce Model Development team, you will be involved in various model development projects to enhance and refine the inforce model that is used in the Life business unit for purposes of valuation, projections, financial planning, and strategic projects. The team plays a critical role in ensuring model accuracy, regulatory compliance, and alignment with company strategy. This position will also provide a great opportunity to optimize modeling process to improve efficiency, accuracy and scalability across the life business. The individual will work with other teams to improve the understanding of the true shape of inforce capital generation to uncover key business insight for management.
Requirements
- 8+ years of actuarial experience with actuarial credentials (FSA)
- Experience in actuarial modeling and/or valuation experience in MG-ALFA
- Experience with VBA, Python, or other programming languages preferred
- Experience in process optimization within actuarial modeling is a plus
- Strong understanding of regulatory and accounting frameworks (Stat/GAAP/Tax/RBC)
- Substantial life product knowledge and general insurance business knowledge
- Strong analytical and problem-solving skills
- Strong communication and interpersonal skills
- History of innovation and process improvement
Nice To Haves
- Experience working with business intelligence tools (e.g. Tableau)
Responsibilities
- Develop, enhance, and maintain Life inforce model for valuation, projections, financial planning and strategic projects
- Collaborate with pricing, valuation, and inforce management to ensure modeling alignment on the new product implementation across functions.
- Support the annual assumption review process, including assumption development and implementation in life inforce model, and conducting sensitivity and impact testing.
- Perform model validation, testing, and documentation in accordance with model governance policies.
- Contribute to the automation of model runs and reporting processes.
- Support model implementation in production systems and ensure proper handover to relevant teams.
- Communicate modeling results and insights to both actuarial and non-actuarial stakeholders.
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Insurance Carriers and Related Activities
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
