Financial Services Actuary
2 weeks ago
Lincoln Financial Group is seeking a skilled Actuary, Annuity Model Development, to join our team. As an integral part of our organization, you will play a key role in developing industry-leading model capabilities and collaborating with stakeholders to ensure our models are optimized to deliver on critical business needs.
Job Summary
We are looking for a highly experienced Actuary with 7-10 years of actuarial experience, preferably in GGY-AXIS. The ideal candidate will have a strong understanding of regulatory/accounting/capital frameworks (STAT/GAAP/Tax, RBC, EC) and substantial experience with annuity products and general insurance business knowledge. Additionally, the individual should have excellent communication skills and work well in a team environment.
Key Responsibilities
* Lead the development of models to support critical business processes, including Stat, GAAP, and Tax Reserve reporting, Asset Adequacy Testing, Asset/Liability Management, Financial Plan, and Economic Capital projections.
* Collaborate with stakeholders to identify and prioritize quarterly model enhancements and implement model enhancements efficiently.
* Develop and execute post-enhancement implementation validation and analysis processes.
* Gain a thorough understanding of existing models and their applications, make recommendations to improve future models, and deliver on the execution of those improvements.
* Collaborate on the development of end-user tools to support model validation and analysis.
* Ensure proper documentation, review, and validation of model developments and enhancements.
What We Offer
* A competitive salary range of $90,300 - $164,700, with anticipated pay for new hires between the minimum and midpoint of the range.
* Opportunities for career growth and professional development in a dynamic and supportive environment.
* A comprehensive benefits package, including health insurance, retirement plans, and paid time off.
* A leadership team that prioritizes employee well-being and offers flexible work arrangements.
* Access to cutting-edge technology and training to enhance productivity and job performance.
About Us
Lincoln Financial Group helps people plan, protect, and retire with confidence. With approximately 17 million customers across four core businesses - annuities, life insurance, group protection, and retirement plan services - we strive to empower individuals to take charge of their lives. Our commitment to creating a diverse and inclusive environment makes us proud to be an equal opportunity employer.
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