Avp, 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 18, 2024

Primary Location:
Radnor, PA, US

Company:
Lincoln Financial

Alternate Locations:
Radnor, PA (Pennsylvania)

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 #: 73035

The Role at a Glance

As an AVP Annuity Inforce Model Governance, 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 valueadding, actionable model insights, improve stakeholder confidence in our modeling, and support inforce model management and implementation to drive business results.
This position will also provide the opportunity to positively impact decision making by refining 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 modeling work performed by the model development team and ensuring 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.
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.
Support inforce model management and implementation, including ensuring appropriate governance activities have been completed and documented.
Review financial projection model used for longterm strategic plan, identify & research issues in models, and provide solutions.
Establish effective working relationships and trust with key stakeholders, such as the Valuation, Qualified Actuary, and Appointed Actuary teams
In partnership with management and stakeholders, design and implement process improvements to governance, controls, and/or oversight

What we're looking for

10+ years of experience in actuarial science that directly aligns with the specific responsibilities of this position, including 3+ years of managerial, supervisory, and/or demonstrated leadership experience
Fellow of the Society of Actuaries (FSA) designation or Associate (ASA) with additional years of actuarial experience
Expert level knowledge of modeling annuity mechanics and product strategies
Experience in reviewing and assessing the appropriateness of complex models (AXIS preferred)
Strong understanding of regulatory and accounting frameworks (Stat/GAAP/Tax/RBC)
Comfort working with and communicating across various teams and levels of seniority, including effective challenge and independent thinking
Strong project management skills, including critical ability to coordinate and balance multiple projects in a timesensitive environment with occasionally changing priorities
Experience leading early to midcareer actuaries
Advanced analytical and problemsolving skills
Understanding of capital markets and financial instruments (assets and derivatives) that support annuity products
History of innovation and process improvement
Proficiency with business intelligence tools (e.g. Tableau), and advanced Excel skills a plus

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 levels 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: $140,701 $256,200

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