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Associate Actuary, Inforce Management

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 #57589

 


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

This position will be responsible for supporting the modeling and repricing in force blocks of life insurance business by striking an appropriate balance between customer & shareholder equity and developing a long-term framework for assessing emerging product profitability. In this work, the team will engage complex factors such as regulation, legal considerations, actuarial and financial implications, external messaging implications, and operational capabilities.

Actuarial

Responsibilities

  • Actuarial modeling of inforce products, including model validation and enhancement
  • Identification of, and understanding of, pricing assumptions used in product development and incorporation of pricing assumptions into modeling work
  • Assist in re-determination of non-guaranteed rates as appropriate, following guidance provided in actuarial guidelines and standards
  • Commitment to accuracy, model review, and disciplined and responsible approach to profitability evaluation and product ratesetting
  • Collaboration with other actuarial areas (ALM, valuation) to compile models and assess potential impact
  • Engagement with legal, communications, distribution, and other key concerned parties
  • Identification of ways to streamline repricing process and assist in developing a long-term framework to measure inforce product profitability
  • Strong project management skills, showing the ability to coordinate and balance multiple projects in a time-sensitive environment

The Program

The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial s commitment to creating highly qualified business leaders. As an ADP participant, youll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed.
Program participants receive up to 175 hours of company time to study per exam sitting. Lincoln Financial Group purchases required exam materials and pays exam fees in advance for each program participant.

Requirements

Education

  • Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major is required.
  • At least 5 SOA exams passed.

    Experience

  • 3-5+years of experience in Actuarial positions that directly aligns with the specific responsibilities of the position.
  • Strong work experience
  • Demonstrated leadership experience
  • Strong communication and problem solving skills
  • Ability to quickly learn and apply new skills and information
  • Strong curiosity and the ability to generate new ideas


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 30, 2018
Date Closes December 30, 2018
Requisition 57589-en_US
Located In Greensboro, NC
Department Actuarial
SOC Category 00-0000.00
Location