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Associate Actuary - Core Life Pricing & Implementation

Lincoln Financial Group Greensboro, NC
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Job Description

Alternate Locations:Greensboro, NC (North Carolina); Hartford, CT (Connecticut)


Relocation assistance is not available for this opportunity.



Requisition #57959


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

 

This position plays an integral role in the pricing and implementation of new individual life products.  The ADP participant in this role will contribute to the design, modeling, and rate development for new products.  They will then work with IT and Quality Assurance to ensure that the products function correctly on the LFG administrative systems.  Through interaction with both distribution partners as well as risk management areas, the participant will help his or her team deliver products to the marketplace that meet corporate profitability standards and provide compelling value to policyholders.

 

Responsibilities

 

ALFA Modeling

  • Builds models to price new products and manipulates models to test various scenarios, sensitivities, and sales opportunities. 
  • Develops a thorough understanding of model assumptions, product mechanics, and reserving/financial regulations in order to validate each component of model output.

Develops tools in order to facilitate rate development, loading of rates into ALFA, and analysis of profitability using ALFA output.

 

Pricing Analysis and Documentation

  • Coordinates with various areas of the company (risk management, experience studies, data metrics, information technology, competitive intelligence, etc.) to develop model assumptions and product specifications
  • Clearly and consistently documents steps used in pricing process and results obtained 

Helps to develop and deliver presentations of pricing results to risk management teams

 

Administration/Illustration Testing

  • Develops, expands, and maintains actuarial spreadsheets used to test product functionality on administrative and illustration systems 

Works closely with Product Analyst and partners in IT and QA to communicate product features and specs, design testing plans, and resolve defects uncovered in the testing process

 

Requirements

 

Education

  • Undergraduate degree or 4+ years of comparable work experience; educational concentration in mathematics or actuarial science is preferred.

Associate (ASA) or progress towards ASA with additional years of actuarial experience.

 

Experience

  • 3+ years of applicable actuarial experience including financial products and analysis that directly aligns with the specific responsibilities for this position
  • Analytical skills: ability to think critically, identify and solve potential challenges, and validate results
  • Programming/modeling skills
  • Proficiency with actuarial pricing software, such as MG-ALFA
  • Priority setting, time management and organizational skills
  • Term/UL/VUL knowledge and general insurance/business knowledge
  • Excellent oral and written communications skills, adaptable to a wide variety of audiences


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 November 28, 2018
Date Closes December 28, 2018
Requisition 57959-en_US
Located In Greensboro, NC
Department Actuarial
SOC Category 00-0000.00
Location