Associate Actuary, Annuity Pricing

Lincoln Financial•Radnor, PA

2d•$94,875 - $151,800•Hybrid

About The Position

The Associate Actuary, Annuity Pricing role performs ad hoc pricing analysis for retail annuity products, including fixed, fixed indexed, registered index-linked, and variable annuities. The position is part of Lincoln Financial Group’s Actuarial Development Program (ADP), which supports actuarial career development through rotations, training, mentorship, and preparation for actuarial leadership. Rotations typically occur every 18–24 months and may cover business areas and disciplines such as Life and Annuities, Retirement, Group Protection, Product Development, Pricing, Valuation, Modeling, Risk Management, Asset Liability Management, Investments, Data Analytics, and Internal Audit. Participants are expected to pass Society of Actuaries exams at a prescribed pace as they work toward an FSA. This role is hybrid, with the employee working three days a week in a Lincoln office. It is available in Radnor, Pennsylvania; Charlotte and Greensboro, North Carolina; Fort Wayne, Indiana; Hartford, Connecticut; and Omaha, Nebraska. Relocation assistance is not available. The ADP offers exam-related compensation increases and bonuses, social and training opportunities, dedicated leaders and mentors, study time, and payment or reimbursement for actuarial exam fees, materials, review courses, and seminars. The role may also be eligible for the discretionary Annual Incentive Program and other rewards. The listed pay range is $94,875–$151,800; anticipated pay for new hires is between the minimum and midpoint and may vary based on factors including experience, education, location, licensure, proficiency, and qualifications.

Requirements

Bachelor’s degree (four-year degree) or equivalent.
3–6+ years of actuarial experience.
Strong technical, analytical, and critical-thinking skills.
Ability to be productive in a dynamic environment with changing priorities and responsibilities.
Motivated and collaborative, with an optimistic outlook.
Effective written and verbal communication skills.
Actuarial Development Program participants are expected to pass Society of Actuaries exams at a prescribed pace.

Nice To Haves

ASA designation preferred.

Responsibilities

Perform foundational and exploratory pricing analysis across retail annuity products, including registered index-linked, fixed, fixed indexed, and variable annuities, using vendor software and internally developed software and tools.
Participate in ad hoc initiatives related to product development, implementation, assumption setting, pricing modeling, enterprise risk management, capital management, and other strategic projects.
Maintain existing tools and models and develop new tools or methodologies to support new capabilities or improve accuracy and efficiency.
Document processes, tools, assumptions, and key decisions.
Collaborate with business partners on initiatives.
Present results to team members, key stakeholders, and management.

Benefits

Competitive compensation package with salary increases and bonuses upon successful actuarial exam completion.
Social and training opportunities to enhance skills and build professional 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.
Clearly defined career tracks and job levels.
Leadership development and virtual training opportunities.
PTO and parental leave.
Competitive 401(k) and employee benefits.
Free financial counseling, health coaching, and employee assistance program.
Tuition assistance program.
Work arrangements that work for employees.
Productivity and technology tools and training.
Potential eligibility for the discretionary Annual Incentive Program and other rewards, including long-term incentives and sales incentives.