Actuary, Annuity Model Development

Job title: Actuary, Annuity Model Development in Radnor, PA at Lincoln Financial Group

Company: Lincoln Financial Group

Job description: 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/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.Relocation assistance: is not available for this opportunity.Requisition #: 74220The Role at a GlanceWe're excited to bring on an Actuary, Annuity Model Development, to play an integral role focused on developing industry-leading model capabilities and collaborating with key stakeholders to ensure our models are optimized to deliver on a broad array of critical business needs. The individual will work with stakeholders to identify and prioritize quarterly model enhancements and collaborate with the rest of the Annuity Model Development team to implement model enhancements appropriately and efficiently as well as develop and execute post enhancement implementation validation and analysis processes.What you'll be doing

• Help in leading the development of models to support critical business processes, including Stat, GAAP, and Tax Reserve reporting, Asset Adequacy Testing, Asset/Liability Management, Financial Plan and Economic Capital projections.


• Gain a thorough understanding of existing models and their applications. Make recommendations to improve future models and deliver on the execution of those improvements.


• 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.


• Assist with the process of the Annuity Model Development team taking ownership of Annuity models currently being converted from MG-ALFA to Moody's AXIS

What we're looking forMust have:

• Actuarial modeling and/or valuation experience in GGY-AXIS


• 7-10 years of actuarial experience


• Substantial experience with annuity products


• Strong understanding of regulatory/accounting/capital frameworks (STAT/GAAP/Tax, RBC, EC)


• Understanding of capital markets and financial instruments (assets and derivatives) that support Annuity products


• Excellent communication skills


• Works well in a team environment


• FSA designation (preferred) or ASA designation (required)

Nice to have:

• Competency with R, Python, SQL, and/or Excel VBA


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


• History of innovation and process improvement


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

Application DeadlineApplications for this position will be accepted through May 31st, 2025 subject to earlier closure due to applicant volume.What's it like to work here?At Lincoln Financial Group, 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 dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.What's in it for you:Clearly defined career tracks and job levels, along with associated behaviors for each Lincoln leadership Attribute.Leadership development and virtual training opportunitiesPTO/parental leaveFree financial counseling, health coaching and employee assistance programTuition assistance programA leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situationsEffective productivity/technology tools and trainingThe pay range for this position is $108,501 - $195,900 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln's total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln's standard benefits package.About The CompanyLincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses - annuities, life insurance, group protection and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more atLincoln is committed to creating a environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.Follow us on , , , and . For the latest company news, visit our .Be Aware of Fraudulent Recruiting ActivitiesIf you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln's fraud team at [email protected] if you encounter a recruiter or see a job opportunity that seems suspicious.Additional InformationThis position may be subject to Lincoln's Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln's current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.Any unsolicited resumes or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information. Applicants are evaluated on the basis of job qualifications. If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.This Employer Participates in E-Verify. See the notices.Este Empleador Participa en E-Verify. Ver el avisos.

Expected salary: $108501 - 195900 per year

Location: Radnor, PA

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