Lincoln Financial Group logo
Lincoln Financial Group

Lincoln Financial Group offers its customers a broad range of financial services to meet their needs. The company is headquartered in Radnor, Pennsylvania, with

Associate Actuary, Executive Benefits Pricing - Inforce Management

Location

Connecticut + 4 moreAll locations: Connecticut | North Carolina | Indiana | Nebraska | Pennsylvania

Posted

4 days ago

Salary

$79.6K - $145.1K / year

Seniority

Senior

Bachelor Degree

Job Description

Associate Actuary, Executive Benefits Pricing - Inforce Management

Lincoln Financial Group

Title: Associate Actuary, Executive Benefits Pricing/Inforce Management Location: Hartford, CT, US Workplace: Hybrid Department: Actuarial, Quantitative & Risk Management Job Description: Alternate Locations: Hartford, CT (Connecticut); Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Omaha, NE (Nebraska); Radnor, PA (Pennsylvania) Work Arrangement: Hybrid : Employee will work 3 days a week in a Lincoln office Relocation assistance: is not available for this opportunity. Requisition #: 76269 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 As an Associate Actuary in the Executive Benefits team, you will play a significant role in helping shape the future of the institutional product offerings for Lincoln. This visible role will help guide transformation efforts and lead special projects to enhance the overall pricing and reporting process.  What you'll be doing Inforce Management - Perform monthly and quarterly tasks to provide rates for executive benefit products including COLI/BOLI and PPLI products Pricing Analysis - Perform pricing analysis using model output and product illustration software (Andesa), analyze pricing results for EB Products, support in the development of appropriate assumptions and model maintenance. - Begin to develop pricing strategies and provide consultation/clarification on actuarial models and risk issues. - Engage with the product development team on product design to meet or exceed profitability and sales objectives. - Present results to team members, working groups, key business partners, and management. Actuarial/ Technical Support - Maintain existing actuarial pricing models and tools; proactively identify and implement improvements. - Maintain relationship with brokers; review and run product illustrations to support case pricing Special Projects - Participate in ad hoc projects related to product development, implementation, and inforce management Pricing Documentation - Prepare reports summarizing crediting rates for EB products and complete ad hoc requests What we’re looking for Must have:  •Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, Data Science, or other quantitative major   •3-6+ Years’ experience that aligns with the responsibilities for this position •At least 7 actuarial exams passed; typically has ASA designation, progressing towards FSA designation 4 Year/Bachelor’s degree (or equivalent) (Minimum Required)  •Strong analytical and problem-solving skills  •Strong communication and interpersonal skills    Nice to have:  •Experience working with artificial intelligence tools •History of innovation and process improvement  •Advanced proficiency with Microsoft Office Suite (Excel, Word, PowerPoint) and Microsoft SQL Server  •MG-ALFA Modeling Experience   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 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 of Lincoln's core values and leadership attributes - Leadership development and virtual training opportunities - PTO/parental leave - Competitive 401K and employee benefits - Free financial counseling, health coaching and employee assistance program - Tuition assistance program - Work arrangements that work for you - Effective productivity/technology tools and training The pay range for this position is $79,601 - $145,100 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. About The Company Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services. With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach. Lincoln Financial Distributors, a broker-dealer, is the wholesale distribution organization of Lincoln Financial. Lincoln Financial is the marketing name for Lincoln Financial Corporation and its affiliates including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Lincoln Financial affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. Lincoln is committed to creating an inclusive 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.

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