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    Actuarial Analyst II, Actuarial Development Program - Boise, United States - Idaho State Job Bank

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    Description
    Actuarial Analyst II, Actuarial Development Program at Lincoln Financial Group in Boise, Idaho,

    United States 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 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 #:

    71026 The Actuarial Development Program The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial' s commitment to creating technically proficient, well-rounded actuaries capable of leadership, technical and managerial roles throughout the company.

    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. Rotational roles are available in different business areas including Life and Annuities, Retirement and Group Protection.

    Rotational roles also span all actuarial functions including Product Development, Pricing, Reinsurance, Inforce Management, Valuation, Financial Projections, Risk Management, Financial Planning & Analysis, Financial Strategy & Management, Appointed Actuary, Experience Studies, Modeling and Data Analytics & Actuarial Transformation.

    ADP participants are required 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 pass the exams.


    Additional Program Highlights:
    + Highly competitive compensation package with salary increases and bonuses upon successful exam completion + Long-term incentive benefits for program graduates meeting minimum requirements + 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 + 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 The Role at a Glance As an Actuarial Analyst II, you will be assigned to one of Lincoln's Actuarial departments where you will play an integral role in the function of supporting the company's actuarial responsibilities across multiple lines of business, delivering insightful, value-add, actionable analytics and governance to drive business results.

    Throughout the rotational process, participants are strategically rotated to a wide range of positions, providing experience in three key areas:
    Product & Pricing, Financial, and Technical.

    In addition, participants are provided opportunities to gain exposure to multiple lines of business, as well as both group and individual insurance.

    Participants are placed into positions based upon what skills they can offer the position as well as what experiences the position can offer them.

    It is a collaborative process between the program leaders (actuaries), managers, and participants. Lincoln's actuarial leadership plays an active role in developing the ADP participants.

    In any actuarial rotational role that you would be placed in, you could be responsible for a variety of tasks and learning opportunities such as:
    + Developing a new insurance product or re-pricing an existing product based on customer needs + 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 + 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 + 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 + Maintain existing actuarial models/tools, assist with mechanical and conceptual troubleshooting + Work with actuarial and data science software and technologies including MG-ALFA, Prophet, Dataiku, R, and Tableau + 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 + Partnering with various teams to understand risks posed by new products and developing recommended approaches to reflect risk + Presenting to actuarial and non-actuarial leaders within assumption review committee meetings What you'll be doing + Support the group's actuarial initiatives and on-going business needs + Complete assigned projects with impactful outputs + Build relationships across different business units and actuarial functions + Collaborate with actuarial team members + Receive coaching and mentorship from senior actuarial team members and leaders What we're looking for years of experience in actuarial science + 4-8 actuarial exams passed progressing towards an ASA designation + Driven, motivated and resourceful problem-solvers with critical thinking skills who are eager to learn, are coachable and committed to the rotational and exam progress parameters laid out by Lincoln. 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 well-being; offering a remote work environment and flexible work hybrid situations + Effective productivity/technology tools and training

    Pay Range:
    $57,401 - $107,700 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 Financial Group, a Fortune 200 company To view full details and how to apply, please login or create a Job Seeker account


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