Lead Actuary, Pricing - Executive Benefits
About The Position
The primary purpose of this role is pricing support for Lincoln's Executive Benefits (EB) products, including COLI/BOLI and PPLI. You will contribute to the design, modeling, assumption setting, analysis, and state filing/regulatory compliance for new products, as well as regular rate-setting (crediting rates) and profitability analysis for existing, inforce products. You will have the opportunity to present your work to various stakeholders, including product management, pricing review, risk management, and senior leadership. You will work on products developed in partnership with the EB distribution team and will work across business units and functions, including finance and enterprise risk management.
Requirements
- 6+ years of experience in Actuarial positions
- MG-ALFA modeling experience preferred
- experience with product illustration software (e.g., Andesa) a plus
- Strong technical skills
- Comfort working with and communicating across various teams and levels of seniority
- Capability to be productive in a dynamic environment with changing priorities and responsibilities
Nice To Haves
- FSA credential preferred
Responsibilities
- Perform pricing analysis for new/redesigned Executive Benefits contracts and rider benefits, including COLI/BOLI and PPLI products.
- Determine appropriate assumptions and how to model new product features.
- Develop pricing strategies and provide consultation/clarification on actuarial models and risk issues.
- Collaborate with the product development and distribution teams on product design to meet or exceed profitability and sales objectives.
- Direct, develop, and/or run complex pricing models and analysis using MG-ALFA and product illustration software (Andesa) for EB contracts and rider benefits.
- Present results of analysis to team members, key business partners, and management.
- Analyze risk management strategies, and various reserve and capital requirements.
- Evaluate the impact of potential product design changes on the reserve and/or capital requirement, profitability, and tail risks.
- Maintain existing actuarial pricing models and tools, and proactively identify and implement improvements.
- Develop tools and support product/relationship managers according to business needs.
- Provide actuarial support for state filing, tax qualification, and regulatory compliance for EB products.
- Prepare reports and presentations summarizing pricing analysis and results, including crediting rates, and documentation of assumptions and methodology.
- Participate in ad hoc projects related to product development, implementation, inforce management, and corporate risk management initiatives.
Benefits
- PTO/parental leave
- Competitive 401K and employee benefits
- Free financial counseling, health coaching and employee assistance program
- Tuition assistance program
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
