Sr. Associate, Actuarial Product Specifications
About The Position
The Sr. Associate, Actuarial Product Specifications supports Lincoln Financial’s Life Product business in a hybrid environment. The role helps bring life insurance products, riders, and enhancements from design through implementation by connecting product and pricing actuaries with business partners. It translates actuarial, regulatory, and business requirements into clear, accurate product specifications, applying actuarial concepts and applicable regulations, including IRC Section 7702, to product features, calculations, and specifications. The position works with actuarial, legal, compliance, operations, administration, and technology partners to support consistent understanding and implementation of product intent and requirements. The employee will work three days a week in a Lincoln office. Alternate locations are Hartford, Connecticut; Charlotte, North Carolina; Fort Wayne, Indiana; Greensboro, North Carolina; Omaha, Nebraska; and Radnor, Pennsylvania. Hartford and Greensboro are preferred. Relocation assistance is not available.
Requirements
- Bachelor’s degree or equivalent work experience; four years of experience may be substituted for a bachelor’s degree.
- At least one year of actuarial experience or passage of three actuarial exams.
- Excellent organizational skills, including the ability to prioritize and multitask while maintaining strict attention to detail.
- Ability to remain current on profession and industry trends, including regulations.
- Ability to evaluate information and data trends, solve challenging but non-complex problems, apply sound judgment, draw conclusions, and act effectively in situations with limited standardization.
- Ability to use AI tools effectively and responsibly in daily work, validate AI-generated outputs, and identify opportunities to improve productivity, decision-making, and outcomes.
- Proficiency in Microsoft Office Suite, including Word, Excel, PowerPoint, and Outlook.
Responsibilities
- Serve as a bridge between the team and pricing/product actuaries, providing technical and actuarial support during product development and implementation initiatives.
- Develop and maintain product specifications using established standards and guidelines for new products and changes to existing products.
- Review product specifications for completeness, consistency, accuracy, and alignment with actuarial intent, and identify issues requiring further review or resolution.
- Advise stakeholders on product design decisions, calculation methodologies, and downstream impacts.
- Provide actuarial input to support the development of product specifications, contract language, and related product documentation.
- Develop an understanding of applicable regulatory requirements, including IRC Section 7702, and interpret and apply them to life insurance product features and specifications.
- Apply established guidelines to address challenging but non-complex specification issues and escalate matters requiring additional expertise.
- Collaborate with actuarial, legal, compliance, operations, administration, and technology partners to support consistent interpretation of product requirements.
- Translate actuarial and business requirements into clear product specifications for implementation by internal and external stakeholders.
- Assist with product development and implementation activities for life insurance products, riders, and product enhancements.
- Explain product specifications, requirements, and established practices to stakeholders to support understanding and consistent execution.
Benefits
- Paid time off and parental leave.
- Competitive 401(k) and employee benefits.
- Free financial counseling, health coaching, and employee assistance program.
- Tuition assistance program.
- Work arrangements intended to accommodate employees.
- Productivity and technology tools and training.
- Leadership development and virtual training opportunities.
- 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
Mid Level
