VP, Retirement Pricing & Risk

Lincoln Financial•Radnor, PA

13d•$216,750 - $346,800•Hybrid

About The Position

As the VP, Retirement Plan Services Pricing & Risk, you will provide strategic leadership for the pricing process, where you will create and risk manage profitable, competitive and sustainable solutions for the Retirement Plan Services business unit. You will provide overall thought leadership and expertise for product pricing, pricing models and assumptions and associated risk management activities. You will also champion and provide executable strategic idea generation on RPS pricing to optimize LFG’s profitability.

Requirements

12+ years experience in actuarial science that directly aligns with the specific responsibilities
5+ years of management, strategy, and influencing senior management/critical stakeholders experience
4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's)
FSA designation or ASA designation with additional years actuarial experience

Nice To Haves

Retirement Plan Services experience, specifically retirement plan pricing experience

Responsibilities

Develops and articulates effectively the strategic vision for the pricing of Retirement Plan Services (RPS) solutions
Establishes RPS organizational goals, objectives, and operating procedures with regards to pricing models, pricing strategy and risk management
Ensures the effective implementation, integration, and execution of Retirement Plan Services initiatives with regards to pricing and risk management
Ensures RPS pricing is aligned with the business unit and Lincoln Financial Group’s (LFG) overall business plans and specific strategic and tactical initiatives
Contributes an integrated RPS pricing strategy that includes an assessment of internal/external market environments and an understanding of internal and industry risk tolerances to identify new engines of growth to optimize LFG’s profitability
Drives profitable, competitive and sustainable RPS solutions including demonstrating measurable enhancement of profitability and/or consumer value within defined risk tolerance and capital thresholds while meeting annual target goals
Monitors economic, market, and peer pricing/risk management trends/activities for RPS products to assess competitive opportunities in the marketplace
Provides strategic thought leadership, market views and savvy pricing expertise to executive management and key business stakeholders on strategies and associated risks based on thorough trend, sector, and market analysis
Responsible for the development of pricing models and the underlying assumptions of all RPS products consisting of our Full-Service retirement business (both a GVA and NAV platform), DCIO, IRA and other products
Leads the effective collaboration and influencing of key stakeholders and leadership on strategic plan for product profitability, product positioning, risk management, and competitive advantage in the market to holistically optimize profitability objectives for the company
Oversees the development and communication of all key pricing assumptions, financial models, and risk management elements of product design to all key stakeholders to ensure understanding of new products features and risk profiles
Leads the risk and actuarial evaluation of new strategic products and solutions
Leads the Interest crediting rate setting process for all our fixed annuity / stable value products
Leads the communication of complex strategies in actionable language for key business partners
Leads the collaboration of key risk management areas to strategically drive discussion and adoption on new assumptions and new risk management techniques
Provide thought leadership by identifying, recommending and evaluating innovative and effective risk management/hedging strategies which have substantial financial impact
Represent RPS’ needs and viewpoints on inter-departmental committees focused on risk, pricing and assumption governance
Evaluates and provides strategic guidance to senior management on the impact of changes in Statutory Accounting, GAAP Accounting, International Accounting Standards, and Risk Based Capital on product design and profitability