Actuary, Annuity Inforce Model Governance - Radnor, United States - Lincoln Financial

Lincoln Financial

Verified Company

Radnor, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Date:
Apr 13, 2024

Primary Location:
Radnor, PA, US

Company:
Lincoln Financial

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

Work Arrangement:

Remote :
Work at home employee residing outside of a commutable distance to an office location.

Relocation assistance:
is not available for this opportunity.

Requisition #: 72840

The Role at a Glance

As an Actuary on the the Annuity Inforce Model Governance team, you will lead a team to perform comprehensive reviews of various models used in the Annuity business unit for purposes of valuation, projections, pricing, financial planning, and strategic projects. The focus of this team is to deliver insightful, valueadding, actionable model risk analytics and governance to drive business results.
This position will also provide a great opportunity to positively impact decision making by securing the models used for longterm strategic plan. The individual will work with other teams to improve the understanding of the true shape of inforce capital generation to uncover key business insight for management.
What you'll be doing
Lead a team to provide detailed reviews of model validations performed by the model development team to ensure robust documentation of the reviews.
Lead a team to perform an independent comprehensive model validation for key model changes including key data inputs, assumptions, and model calculations.
Partner with model development team lead and model steward to advise the qualified actuary and other key stakeholders on the level of model review required for a particular model change.
Lead a team to develop, improve and/or maintain various model validation tools.
Engage with model developers and other stakeholders to communicate model review findings and develop appropriate solutions.
Assist in building and/or enhancing reliable, comprehensive, and robust profitability reporting package.
Review financial projection model used for longterm strategic plan, identify & research issues in models, and provide solutions.

What we're looking for

_ Must have:
_

7+ years of actuarial experience with actuarial credentials (ASA or FSA)
Experience in reviewing and assessing the appropriateness of complex models (AXIS preferred)
Strong analytical and problemsolving skills
Substantial annuity product knowledge and general insurance business knowledge
Strong communication and interpersonal skills
Strong understanding of regulatory and accounting frameworks (Stat/GAAP/Tax/RBC)
Understanding of capital markets and financial instruments (assets and derivatives) that support annuity products
History of innovation and process improvement

_Nice to have:
_

Experience leading early career actuaries
Experience working with business intelligence tools (e.g. Tableau) Competency with Microsoft Office Suite of products, especially Excel
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:

A clearly defined career framework to help you successfully manage your career
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
A leadership team that prioritizes your health and wellbeing; offering a remote work environment and flexible work hybrid situations
Effective productivity/technology tools and training
Pay Range: $105,301 $190,000

Actual base pay could vary 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 Company
Lincoln is committed to creating a diverse and 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, g