Associate Actuary, Actuarial Development Program (*remote consideration)
Lincoln Financial Group
- Radnor, PA
- $75,701-140,700 per year
- Permanent
- Full-time
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
The Role at a Glance:The Role at a GlanceAs 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, value-add, actionable analytics and governance to drive business results. In any actuarial rotational role that you would be placed in, you could be responsible for a variety of tasks and learning opportunities to include: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
- 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
- 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
- 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, Profit, Dataiku, R, and Tableau
- Developing a new insurance product or re-pricing an existing product based on customer needs
- 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
- 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 on-going business needs
- Complete assigned projects and impactful outputs
- 3-6+ years of experience in actuarial science
- At least 7 actuarial exams passed; typically has ASA designation, progressing towards FSA designation
- Driven, motivated and resourceful problem-solvers with critical thinking skills who are eager to learn, are coachable and committed to the rotational program parameters laid out by Lincoln.