Back to Search New Search

Actuary, Annuities Valuation

Lincoln Financial Group Fort Wayne, IN

Job Description

Alternate Locations: Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Radnor, PA (Pennsylvania)

Relocation assistance will be considered/provided for this opportunity within our company guidelines.

Requisition #54965

About the Company

Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates.

The Role

This position provides management, individual contribution and functional expertise to ensure and meet required results for his/her assigned area(s) of responsibility. S/he will direct, provide subject matter expertise and participate on the design and execution of actuarial models and associated analysis for his/her assigned area(s).


  • Lead the valuation team responsible for the Statutory, Tax and GAAP Valuation and related Financial Reporting for the Fixed and Fixed Indexed Annuity product lines reporting through Annuity Valuation in the Annuities business. Perform individual hands on work as needed in addition to managing, review and sign-off responsibilities
  • Provide team leadership and hands on contribution as needed to ensure timely and accurate reporting, validation and analysis of reserves and DAC items, reporting to reinsurers, as well as delivering on required additional quarterly and year-end reporting items. Perform required SOX and audit validation checks on in-force administrative system inputs as they feed into the valuation systems and outputs. Responsible for accurate maintenance and updating of valuation assumptions and inputs.
  • Produce reserve and DAC roll-forwards, trending and drill-down analyses. Provide key support to Financial Planning and Analysis (FP&A) team on understanding sources of earnings items related to reserve and DAC movements, hedge breakage, variance analysis from prior periods and plan. Assist FP&A with development of certain financial plan and forecasting items.
  • Ensure timely and accurate preparation, validation and delivery on external audit and internal audit/SOX PMO requests throughout the year.
  • Assist Annuity Valuation Actuary in developing timely statutory and GAAP valuation frameworks and documentation relating to new products, riders, reinsurance agreements, regulation changes and changes in accounting requirements.
  • Work closely with Valuation Implementation team in monthly/quarterly testing/implementation of administrative and valuation system updates, valuation input data validation, as well as any changes to valuation/modeling systems.
  • Assist and support the Annuity Valuation Actuary in monitoring developments in the actuarial industry, regulatory and accounting areas, participating in industry and professional committees and with regulators and auditors, providing key impact and implementation testing of regulatory and/or accounting changes. Assist in development and implementation of actuarial policies and procedures.
  • The position will be a key participant in the Valuation Data Modernization project commencing in 2018.
  • Provides subject matter expertise to team members and internal/external stakeholders on complex actuarial models, assumption development support and assignments/projects for his/her assigned area(s) of responsibility.
  • Directs actuarial projects, delegating work and providing appropriate levels of support and responsibility to employees. Provides training and development opportunities, including stretch assignments, for team members and gives honest and open feedback to aid in the development of talent. Provides leadership and direction to continually improve the capability and results for his/her assigned area(s) of responsibility.
  • Provides guidance on structure of actuarial models and assumption development and proper balance of precision and timeliness.
  • Directs and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility.
  • Directs/executes approved strategy decisions and contributes to strategy creation for assigned area(s) of responsibility.



  • Undergraduate Degree or 4+ years of comparable work experience; educational concentration in Applied Science or Mathematics is preferred.
  • ASA designation is required.
  • FSA designation strongly preferred.


  • 7+ Years of experience years in actuarial science that directly aligns with the specific responsibilities for this position.
  • Some managerial or supervisory experience preferred.
  • Strong working knowledge of fixed and fixed indexed annuity valuation, market, products and systems
  • Strong knowledge of the life insurance industry
  • A demonstrated ability to implement process improvements and efficiencies
  • Strong presentation skills with demonstrated ability to perform clear, informed and logical discussions/presentations.
  • Excellent written and verbal communication skills.
  • Apply concepts such as probability, statistics, modeling, percentages, ratios, and proportions to practical solutions.
  • Ability to solve problems and deal with a variety of concrete variables in situations where evaluate the implications of a course of action or solution.
  • Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches.

This position may be subject to Lincolns Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincolns current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

Lincoln Financial Group (LFG) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, veterans status, or genetic information. Applicants are evaluated on the basis of job qualifications. If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.

Job Details

Date Posted June 5, 2018
Date Closes July 5, 2018
Requisition 54965-en_US
Located In Fort wayne, IN
Department Actuarial
SOC Category 00-0000.00