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Associate Actuary - Executive Benefits

Lincoln Financial Group Hartford, CT
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Job Description

Alternate Locations:Hartford, CT (Connecticut)


Relocation assistance is not available for this opportunity.



Requisition #56126


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 customers 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 an Actuarial Associate, Executive Benefits, you will be responsible for assisting the development of assumptions and financial metrics for the Executive Benefits business. You will be placing Private Placement cases and coordinating the development of comprehensive financial metrics for Executive Benefits products we offer.

Responsibilities 

Assumption Setting and Financial Metrics

  • Provide support to pricing of cases using the ALFA model
  • Provide support to maintenance and assumption setting with regard to expenses, lapses and mortality.
  • Developing financial metrics including but limited to periodic income; GAAP and Stat returns; expenses; and actuarial metrics such as lapses and mortality
  • Develop Ad Hoc Modeling – building ad hoc spreadsheet models to analyze various business needs.
  • Administration/Illustration Support – Tests third-party vendor’s administration and illustration of new products and features
  • Provide actuarial support with coordinating the administration of a potential Financial Reinsurance treaty for EB
  • Provides support of key corporate initiative and projects as needed. 

Project Management

  • Consults and assists with projects or programs with moderate resource requirements, risk and/or complexity.
  • Ensure groups processes and procedures are compliant.

Communication

  • Communicate with product teams and others on issues and corporate standards

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.
  • Pre-ASA or career ASA.

Experience

  • 3-5 years of experience in Actuarial and technical positions that directly aligns with the specific responsibilities of the position.
  • Some Educational experience and/or proficiency in pricing of UL/VUL knowledge.
  • Computer skills: Prophet, MG-ALFA, or similar actuarial projection software systems.
  • Some BOLI/COLI experience helpful.  
  • A demonstrated track record of consistently meeting and/or exceeding performance expectations.
  • Possesses a bias for action and avoids workplace distractions.
  • Drives performance targets to completion.#LI-CG1


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.

Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.

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 October 30, 2018
Date Closes November 29, 2018
Requisition 56126-en_US
Located In Hartford, CT
Department Actuarial
SOC Category 00-0000.00
Location