Associate Actuary, Annuity Pricing

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 #: 76819

The Role at a Glance 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 The primary purpose of the Associate Actuary, Annuity Pricing role is performing ad hoc pricing analysis for retail annuity products, including fixed, fixed indexed, registered index-linked, and variable annuity products.

What you'll be doing
• Pricing/Risk Analysis:
Perform foundational and exploratory pricing analysis across Lincoln’s suite of retail annuity products (including registered index-linked annuities, fixed annuities, fixed indexed annuities, and variable annuities) using vendor software and internally developed software and tools.
• Special Projects:
Participate in ad hoc initiatives related to product development, implementation, assumption setting, pricing modeling, corporate risk management initiatives such as ERM and capital management, and other strategic projects.
• Analytical/ Technical Support:
Maintain existing tools/models and develop new tools or methodologies as needed to support new capabilities or improve accuracy and efficiency.
• Pricing Documentation:
Prepare documentation of processes, tools, assumptions, and/or key decisions made.
• Collaboration & Communication:
Collaborate with business partners on various initiatives. Present results to team members, key stakeholders, and management.

What we’re looking for
• 4 Year/Bachelor’s degree (or equivalent) (Minimum Required)
• 3-6+ years of actuarial experience
• ASA designation preferred
• Strong technical, analytical, and critical-thinking skills.
• Capability to be productive in a dynamic environment with changing priorities and responsibilities.
• Motivated and collaborative with an optimistic outlook
• Effective written and verbal…