Associate Actuary, Actuarial Development Program - Radnor, United States - Lincoln Financial
Description
Date:
Jul 30, 2023
Primary Location:
Radnor, PA, US
Company:
Lincoln Financial
Alternate Locations:
Work from Home
Work Arrangement:
Hybrid/Flexible :
Work at home and use the office as appropriate for in-person collaboration.
Relocation assistance:
is not available for this opportunity.
Requisition #: 71028
- The Actuarial Development Program
- The Actuarial Development Program
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 wellrounded 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 longlasting 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 Role at a Glance:
The Role at a Glance
- As an Associate Actuary, you will be assigned to one of Lincoln's Actuary departments where you will play an integral role in the function of supporting the group's actuarial responsibilities across multiple lines of business, delivering insightful, valueadd, actionable analytics and governance to drive business results.
- Valuation work
- Develop, expand, and maintain validation tools such as external spreadsheets used to verify model results. Create and maintain proper documentation of model changes.
- Perform dynamic validation and analyze actual against modeled assumptions
- Modeling & Assumptions
- Developing and analyzing business models to analyze portfolio holdings
- Work across the enterprise to gather, validate, and analyze statutory reserves and capital for all holding company entities as part of an emerging international capital framework
- Pricing & Profitability
- Perform pricing analysis using internally developed software, and analyze the pricing results for new/redesigned annuity contract and rider benefits
- Conducting asset adequacy and cash flow testing using actuarial software
- Creating monthly, quarterly, and annual reserves and financial statements
- Process improvements
- Improve efficiency of technological tools used for asset adequacy testing and statutory reporting (Dataiku)
- Build on existing automation efforts with Dataiku and Tableau to increase efficiency, gain insight into the analysis of results, reduce the potential for error, and improve presentation of results
- Technical Support
- Maintain existing actuarial models/tools, assist with mechanical and conceptual troubleshooting
- Work with actuarial and data science software and technologies including MG-ALFA, Profit, Dataiku, R, and Tableau
- Product Development
- Developing a new insurance product or repricing an existing product based on customer needs
- Risk Management/Analysis
- Partnering with various teams to understand risks posed by new products and developing recommended approaches to reflect risk
- Reporting and Presentations
- Presenting to actuarial and nonactuarial leaders within assumption review committee meetings
What you'll be doing
- Build relationships across different business units
- Collaborate with team members and other actuarial associates
- Receive coaching and mentorship from senior actuarial associates and leaders
- Support the group's actuarial initiatives and ongoing business needs
- Complete assigned projects and impactful outputs
What we're looking for
- 36+ years of experience in actuarial science
- At least 7 actuarial exams passed; typically has ASA designation, progressi
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