Lead Actuary, Variable Annuity & RILA Valuation
About The Position
Lincoln Financial is seeking a Lead Actuary to join its Variable Annuity (VA) and Registered Index-Linked Annuity (RILA) Valuation team. The role produces monthly and quarterly valuations for Lincoln’s VA and RILA blocks and partners with internal stakeholders to analyze results and develop insights. It also supports actuarial modernization and automation projects. The position produces VA and RILA financial reporting results, including statutory reserves and capital under VM-21 and market risk benefits under GAAP LDTI. It develops expertise in modeling, automation, and visualization tools used in valuation processes; ensures compliance with internal controls, SOX requirements, and regulatory standards; and builds tools and processes that provide deeper insight into valuations. The Lead Actuary supports automation to increase efficiency, reduce error potential, and improve presentation of results, while collaborating with teams across Lincoln. The position is hybrid, with employees working three days per week in a Lincoln office. Alternate office locations are Radnor, Pennsylvania; Charlotte and Greensboro, North Carolina; Fort Wayne, Indiana; Hartford, Connecticut; and Omaha, Nebraska. Relocation assistance is not available.
Requirements
- Four-year/bachelor’s degree or equivalent.
- 5–7+ years of actuarial experience, with actuarial credentials (FSA or ASA with additional years of experience).
- Substantial knowledge of annuity products.
- Experience with actuarial modeling software, such as GGY-AXIS, and data automation and visualization tools, such as Dataiku and Tableau.
- Strong execution and time-management skills, with a record of producing high-quality work and meeting deadlines.
- Ability to work independently, take initiative, and demonstrate accountability.
Responsibilities
- Produce monthly and quarterly valuations for Lincoln’s variable annuity and registered index-linked annuity blocks.
- Partner with internal stakeholders to analyze valuation results and develop insights.
- Produce VA and RILA financial reporting results, including statutory reserves and capital under VM-21 and market risk benefits under GAAP LDTI.
- Develop expertise in modeling, automation, and visualization tools used in valuation processes.
- Ensure compliance with internal controls, SOX requirements, and regulatory standards.
- Build tools and processes that provide deeper insight into VA and RILA valuations.
- Support automation efforts to increase efficiency, reduce the potential for error, and improve presentation of results.
- Collaborate with teams across Lincoln, 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.
- Support actuarial modernization and automation projects.
Benefits
- Clearly defined career tracks and job levels, with associated behaviors for Lincoln’s core values and leadership attributes.
- 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 you.
- Productivity and technology tools and training.
- Potential eligibility for the discretionary Annual Incentive Program.
- Other rewards may include long-term incentives and sales incentives.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
