Associate Actuary, Annuity Model Development
About The Position
The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program designed to cultivate highly qualified business leaders. As an ADP participant, you will explore your interests while developing essential actuarial, technical, management, communication, and leadership skills. The program includes rotations typically every 18-24 months across different business areas such as Life and Annuities, Retirement, and Group Protection. Experience gained will provide well-rounded actuaries with knowledge in areas like Product Development, Pricing, Valuation, Modeling, Risk Management, Asset Liability Management, Investments, Data Analytics, and Internal Audit. ADP participants are expected to pass Society of Actuaries exams at a prescribed pace, with the program offering support, training, and resources to become a well-rounded actuarial leader. This role specifically focuses on developing industry-leading model capabilities, working with modeling leads and stakeholders to perform model development and testing in AXIS fixed and fixed index annuity models.
Requirements
- 5+ years of actuarial experience
- Experience with Life and/or Annuity products
- Actuarial modeling and/or valuation experience, preferably in GGY-AXIS or comparable actuarial modeling software
- Effective communication skills
- Works well in a team environment
Nice To Haves
- ASA designation from Society of Actuaries
- Familiarity with regulatory/accounting/capital frameworks (STAT/GAAP/Tax, CFT/ALM/RBC, Bermuda BEL)
- Experience pricing annuity products and/or working on Cash Flow Testing, Financial Plan, and ALM projections
- Competency with Python, SQL, and/or Excel VBA
- Experience working with business intelligence tools (e.g. Tableau)
- History of innovation and process improvement
Responsibilities
- Perform development of the fixed and fixed index annuity models to support critical business processes, including Stat, GAAP, Tax Reserve, Asset Adequacy Testing, Asset/Liability Management, Financial Plan, Bermuda BEL, and Economic Capital projections.
- Ensure proper documentation, review, and validation of model developments and enhancements.
- Gain a thorough understanding of the existing AXIS fixed and fixed index annuity models and its applications.
- 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
- Highly competitive compensation package with salary increases and bonuses upon successful exam completion
- Social and training opportunities to enhance skills, network with ADP participants and build long-lasting industry relationships
- Dedicated leaders and mentors to assist with career development
- Work with actuarial and data science software and technologies including MG-ALFA, Axis, Prophet, Dataiku, R, and Tableau
- Generous study time allowances for each exam session
- Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program
- 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
- Annual Incentive Program (discretionary)
- Long-term incentives
- Sales incentives
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
