Associate Actuary, Executive Benefits Pricing/Inforce Management
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, Valuation, Modeling, Risk Management, Asset Liability Management, Investments, Data Analytics, and Internal Audit. 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 include a 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, and payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program. As an Associate Actuary in the Executive Benefits team, you will play a significant role in helping shape the future of the institutional product offerings for Lincoln. This visible role will help guide transformation efforts and lead special projects to enhance the overall pricing and reporting process.
Requirements
- Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, Data Science, or other quantitative major
- 3-6+ Years’ experience that aligns with the responsibilities for this position
- At least 7 actuarial exams passed; typically has ASA designation, progressing towards FSA designation
- 4 Year/Bachelor’s degree (or equivalent) (Minimum Required)
- Strong analytical and problem-solving skills
- Strong communication and interpersonal skills
Nice To Haves
- Experience working with artificial intelligence tools
- History of innovation and process improvement
- Advanced proficiency with Microsoft Office Suite (Excel, Word, PowerPoint) and Microsoft SQL Server
- MG-ALFA Modeling Experience
Responsibilities
- Perform monthly and quarterly tasks to provide rates for executive benefit products including COLI/BOLI and PPLI products
- Perform pricing analysis using model output and product illustration software (Andesa), analyze pricing results for EB Products, support in the development of appropriate assumptions and model maintenance.
- Begin to develop pricing strategies and provide consultation/clarification on actuarial models and risk issues.
- Engage with the product development team on product design to meet or exceed profitability and sales objectives.
- Present results to team members, working groups, key business partners, and management.
- Maintain existing actuarial pricing models and tools; proactively identify and implement improvements.
- Maintain relationship with brokers; review and run product illustrations to support case pricing.
- Participate in ad hoc projects related to product development, implementation, and inforce management.
- Prepare reports summarizing crediting rates for EB products and complete ad hoc requests.
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
- 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
- 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
