Associate Actuary, Annuity Model Development

Alternate Locations:
Radnor, PA (Pennsylvania);
Charlotte, NC (North Carolina);
Fort Wayne, IN (Indiana);
Greensboro, NC (North Carolina);
Hartford, CT (Connecticut);
Omaha, NE (Nebraska)

Work Arrangement:

Hybrid :
Employee will work 3 days a week in a Lincoln office

Relocation assistance: is not available for this opportunity.

Requisition #: 76088

The Role at a Glance

The ADP Program Overview

The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial' s commitment to creating highly qualified business leaders. As an ADP participant, you'll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed. The Actuarial Development Program includes a series of rotations, typically every 18-24 months.

For each rotation, roles are available in different business areas including Life and Annuities, Retirement and Group Protection. Experience gained will enable participants to become well-rounded actuaries with knowledge that may include Product Development, Pricing, Valuation, Modeling, Risk Management, Asset Liability Management, Investments, Data Analytics, and Internal Audit.

ADP participants are expected to pass the Society of Actuaries' exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well-rounded actuarial leader.

Additional Program Highlights:

Highly competitive compensation package with salary increases and bonuses upon successful exam completion

Social and training opportunities to enhance skills, network with ADP participants and build long-lasting industry relationships

Dedicated leaders and mentors to assist with career development

Work with actuarial and data science software and technologies including MG-ALFA, Axis, Prophet, Dataiku, R, and Tableau

Generous study time allowances for each exam session

Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program

We're excited to bring on an Actuarial Development Program student to play an integral role focused on developing industry-leading model capabilities. The individual will work with modeling leads and stakeholders to perform model development and testing in the AXIS fixed and fixed index annuity models.

What you'll be doing

* Perform development of the fixed and fixed index annuity models to support critical business processes, including Stat, GAAP, Tax Reserve, Asset Adequacy Testing, Asset/Liability Management, Financial Plan, Bermuda BEL, and Economic Capital projections.

* Ensure proper documentation, review, and validation of model developments and enhancements.

* Gain a thorough understanding of the existing AXIS fixed and fixed index annuity models and its applications.

* Collaborate on the development of end user tools to support model validation and analysis.

* Ensure proper documentation, review, and validation of model developments and enhancements.

What we're looking for

Must have

* 5+ years of actuarial experience

* Experience with Life and/or Annuity products

* Actuarial modeling and/or valuation experience, preferably in GGY-AXIS or comparable actuarial modeling software

* Effective communication skills

* Works well in a team environment

Nice to have

* ASA designation from Society of Actuaries

* Familiarity with regulatory/accounting/capital frameworks (STAT/GAAP/Tax, CFT/ALM/RBC, Bermuda BEL)

* Experience pricing annuity products and/or working on Cash Flow Testing, Financial Plan, and ALM projections

* Competency with Python, SQL, and/or Excel VBA

* Experience working with business intelligence tools (e.g. Tableau)

* History of innovation and process improvement

Final date to receive applications

Applications for this position will be accepted through July 20th, 2026 subject to earlier closure due to applicant volume.

What's it like to work here?

At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside…