Associate Actuary, ERM - Product and Actuarial Risk

Lincoln Financial • Radnor, PA

6d • Hybrid

About The Position

The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial’ s commitment to creating highly qualified business leaders. As an ADP participant, you’ll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed. The Actuarial Development Program includes a series of rotations, typically every 18-24 months. For each rotation, roles are available in different business areas including Life and Annuities, Retirement and Group Protection. Experience gained will enable participants to become well-rounded actuaries with knowledge that may include Product Development, Pricing, Reinsurance, Inforce Management, Valuation, Financial Projections, Risk Management, Financial Planning & Analysis, Financial Strategy & Management, Appointed Actuary, Experience Studies, Modeling and Data Analytics & Actuarial Transformation. ADP participants are expected to pass the Society of Actuaries’ exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well-rounded actuarial leader. Additional Program Highlights:•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, Triton, 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 In this role, you will be responsible for the reporting of risk and profitability metrics, expanding enterprise framework capabilities, and supporting ERM business representatives in their oversight of products, assumptions, and actuarial initiatives.

Requirements

• 3-6 years of actuarial experience
• ASA designation, progressing towards FSA designation
• Strong technical and actuarial skills
• Proficiency with programming and data visualization software (Tableau, Power BI)
• Strong project management skills, including critical ability to coordinate and balance multiple projects in a time-sensitive environment with occasionally changing priorities
• Comfort working with and communicating across various teams and levels of seniority
• Curiosity, comfort asking questions and challenging the status quo

Nice To Haves

• Prior experience in assumption development preferred

Responsibilities

• Own production of new business profitability and risk reporting for ERM’s monthly new business tracker and quarterly Product Risk Committee (PRC) exhibits and materials
• Support governance oversight of quality of new business actual and forecasted metrics
• Assist in the review of new product strategies, development, design, pricing, and implementation.
• Support assumptions oversight for multiple operations, including assumption development, modeling, annual updates, and risk assessments
• Support the development of risk/return pricing standards and risk management methodologies based on actuarial and capital markets/economic principles
• Establish effective working relationships throughout the organization, both at the corporate level and within the businesses
• Build business and actuarial acumen across various product lines in terms of product knowledge, risk profiles, modeling approach, and reserve requirements
• Monitor and analyze developments in actuarial techniques, laws, regulations, and competitive developments in the marketplace
• Implement process improvements, consistency, governance, controls, and oversight
• Streamline and automate the new business profitability and risk reporting process, leveraging AI tools (Claude / CoPilot)
• Create an ERM new business risk repository / data warehouse to support analytics, strategic insights and decision making
• Support the advancement of high visibility financial metrics and dashboards for use in strategic planning
• Participate in ad hoc projects related to product development, implementation, inforce management, and corporate risk management initiatives
• Assist in the buildout of Lincoln Financials’ risk appetite framework for new business

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