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Senior Associate Actuary, Life Valuation

Lincoln Financial Group Hartford, CT
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Job Description

Alternate Locations: Atlanta, GA (Georgia); Boston, MA (Massachusetts); Greensboro, NC (North Carolina); Hartford, CT (Connecticut)

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

Requisition #62227

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 $238 billion in assets under management as of December 31, 2018.

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

 

The Senior Associate Actuary, Life Valuation & Modeling, will be responsible for reporting and analysis of life reserves and GAAP intangibles, provide analysis and insights into model results and changes, document and communicate results across the organization.

 

Responsibilities

  • Perform monthly, quarterly and annual valuation production duties for GAAP, Stat and Tax for Interest Sensitive Life products
  • Develop expertise in regulatory requirements for calculation and reporting of reserves, asset adequacy analysis, and cash flow model projections. Analyze and explain model results and deviations from expectations.
  • Develop and execute financial reporting controls and governance structures. Thoroughly document processes, analysis, and results.  Critically monitor methods and assumptions, identifying areas to improve.  Refine and enhance actuarial calculations, controls, analysis, and reporting processes.
  • Communicate and influence across the organization by sharing financial results across multiple levels of management.  Coordinate with auditors, consultants, and other external audiences on the topics of reserving and financial reporting methods.
  • Perform due diligence to ensure the integrity of reported results.

 

Education

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

 

Experience

  • 5-7+ years of experience in Actuarial positions that directly aligns with the specific responsibilities of the position
  • Programming/modeling skills: proficiency in MG-ALFA and/or MG-TRITON is preferred but not required
  • Life product knowledge and general insurance business knowledge is preferred but not required
  • Knowledge of US Stat and US GAAP Life reporting, including PBR & LDTI, is preferred but not required. #

 

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.

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Job Details

Date Posted December 4, 2019
Date Closes January 3, 2020
Requisition 62227-en_US
Located In Hartford, CT
Department Actuarial, Quantitative & Risk Management
SOC Category 00-0000.00
Location