Associate Actuary, Variable Annuity and RILA Valuation

Lincoln Financial • Radnor, PA

22h • 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, 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:
•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 programIn this role, you will produce the quarterly and monthly valuations for Lincoln’s variable annuities and RILA blocks of business, and partner with internal stakeholders to analyze and gain insights into results. You will also provide support to various actuarial modernization and automation projects.

Requirements

• 5+ years of actuarial experience
• Demonstrated accountability
• Strong execution and time management skills
• Driven and motivated to produce high quality work and meet reporting deadlines
• Self-starter with ability to work independently
• ASA designation with the commitment to continued progress toward obtaining the FSA designation within the expectations of the Actuarial Development Program

Nice To Haves

• AXIS modeling experience strongly preferred

Responsibilities

• Produce statutory reserves and capital results under VM-21 for financial reporting and Lincoln’s variable annuity hedging program.
• Develop modeling software expertise in GGY-AXIS for variable annuities and RILA products.
• Build on existing automation efforts within Dataiku, Tableau and Appian to increase efficiency, reduce the potential for error and improve presentation of results.
• Collaborate with the Capital Management and FP&A teams to build new tools and processes to gain further insights into VA capital.
• Work cross-functionally with other teams, including Accounting, Financial Planning and Analysis (FP&A), Market Risk Management (MRM), Model Development, Pricing, Audit, ERM, Investments, Capital Management, and the Qualified Actuary team.

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