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Senior Associate Actuary, Office of Appointed Actuary

Lincoln Financial Group Radnor, PA
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Job Description

 

 

 

   

Alternate Locations: Radnor, PA (Pennsylvania)

 


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

 



Requisition #50623

 

About the Company

 

Lincoln Financial Group, a Fortune 250 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.

 

Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $253 billion in assets under management as of December 31, 2017.

 

Ranked one of the Best Large Employers in America by Forbes magazine, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.

 

 

 

 

The Role 

 

As a Senior Associate Actuary, you will provide subject matter expertise and direction on complex projects/initiatives within the Finance department as part of the Appointed Actuary team. The Appointed Actuary team is part of the Chief Risk Office and works closely with the Enterprise Risk Management (ERM) team. S/he will develop and perform complex actuarial analysis and provide recommendations for his/her assigned area(s) of responsibility. S/he will lead actuarial projects and proactively identify challenges and resolutions.   

 

Responsibilities 

 

Corporate/Appointed Actuary

 

  • Assists in the development and upgrade of the quality of actuarial investigations and evaluation of the financial well-being of the enterprise.
  • Implements process improvements, consistency, governance, controls, and oversight.
  • Assists the Appointed Actuary team for compliance, coordination, and analysis of regulatory requirements.
  • Develops knowledge about company operations, systems, and actuarial methodologies.
  • Continually looks for opportunities to add value to the enterprise by partnering with the businesses on strategic projects.
  • Establishes effective working relationships throughout the organization, both at the corporate level and within the businesses.
  • Acts as a subject matter expert on reserve requirements, and partners with other areas of the organization regarding analysis of industry evolving topics, including principles based reserves/capital, nonforfeiture, IFRS, etc.
  • Researches and prepares briefings on status of key projects and initiatives to senior leaders
  • Participates or leads workgroups by evaluating issues and problems of strategic significance
  • Strong interpersonal skills, engaging, approachable, with the ability to influence
  • High energy, self-motivated, with a high level of self-awareness
  • Understands the interdependencies of how people and organizations function, and can negotiate through complex political situations effectively
  • Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding.

 

Project Management

 

  • Provides subject matter expertise to team members and applicable internal/external stakeholders on complex assignments/projects for his/her assigned area(s) of responsibility.
  • Maintains knowledge on current and emerging developments/trends for assigned area(s) or responsibility, assess the impact, and collaborates with senior management to incorporate new trends and developments in current and future solutions.
  • Leads actuarial projects and proactively identifies challenges and resolutions.
  • Analyzes and synthesizes information from multiple sources in varying degrees of completeness and clarity to develop and present actuarial recommendations to different levels of management and other stakeholders.
  • Provides subject matter expertise on actuarial models and assumption development and suggests new ways of managing risk.
  • Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace.

 

 

Organizational Effectiveness

 

  • Provides direction on complex assignments, projects, and/or initiatives to build and enhance the capability of his/her assigned area(s) of responsibility.
  • Directs and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility.
  • Identifies and directs the implementation of process improvements that significantly improve quality across the team, department and/or business unit for his/her assigned area(s) of responsibility.
  • Maintains knowledge on current and emerging developments/trends for assigned area(s) or responsibility, assess the impact, and collaborates with senior management to incorporate new trends and developments in current and future solutions.

     

    Requirements

     

    Education

     

  • 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.

     

    Experience

     

  • 5-7+ years of experience in Actuarial positions that directly aligns with the specific responsibilities of the position.
  • Knowledge of insurance, investments, and enterprise risks.
  • Basic understanding and knowledge of STAT and GAAP requirements.
  • Demonstrated knowledge of life insurance and annuity mechanics.
  • Computer skills: Prophet, MG-ALFA, or similar actuarial projection software systems.
  • Excellent written and verbal communication skills. 
  • Strong presentation skills with demonstrated ability to influence at all levels of management through clear, informed and logical discussions/presentations.
  • Demonstrates ability to communicate knowledgeably and credibly with senior management and internal constituents.
  • Ability to read, analyze and interpret both internal and external documents such as general media/publications, professional journals, technical procedures, governmental regulations, policies, proposals, and standard operating procedures.
  • Ability to think critically, analyze information and to evaluate the implications of a course of action or solution.#LI-AE1

 

 

 


This position may be subject to Lincoln’s 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 Lincoln’s 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 29, 2018
Date Closes July 29, 2018
Requisition 50623-en_US
Located In Radnor, PA
Department Actuarial
SOC Category 00-0000.00
Location