United States onlyAlternate Locations: Radnor, PA (Pennsylvania)
Work Arrangement:
Remote : Work at home employee residing outside of a commutable distance to an office location.
Relocation assistance: is not available for this opportunity.
Requisition #: 73234
The Role at a Glance
As the Consultant, Life Qualified Actuary Team, you will serve as a subject matter expert driving insights and delivering thoughtful analysis on Life Valuation quarterly results, annual assumption updates, and new product and implementations for both GAAP and Statutory reporting. You will also be critical in the production of the annual VM-31 report and represent finance and valuation as a supporting member of new product pricing working groups.
The ideal candidate will have life valuation background and love applying it to solve real world business problems.
What you'll be doing
Valuation Results Review
- Act as the primary reviewer for a product segment analyzing quarterly valuation results for both GAAP and Statutory reporting.
- Improve analysis efficiency and provide insight to meet the elevated focus statutory financial results.
- Communicate and influence across the organization by sharing insights and analysis of valuation GAAP and Statutory results with multiple levels of management.
Assumptions:
- Serve as an assumption subgroup member during the annual unlocking process actively contributing to the setting of assumptions and compiling of documentation
- Develop expertise in regulatory requirements for assumptions to support efforts to define assumption parameters appropriate for both GAAP and VM-20 statutory reporting.
New Product Implementation and New Product Pricing Review:
- Support new product pricing working groups and provide guidance on appropriate assumption and modeling methodologies from a valuation perspective throughout the pricing process
- Provide guidance on appropriate assumptions and modeling methodologies to the new product implementation team
- Expand and maintain validation tools such as external spreadsheets used to review model results
- Assist in developing and executing model review controls and governance structures.
Expected to have a natural ability to embrace a continuous improvement mindset to assess and improve analysis tools, processes, and modeling methods and assumptions.
Should have a desire and willingness to collaborate across the organization to support strong relationships with Life Valuation and Modeling, Life Pricing, Life Model Governance, Corporate Finance, and others.
What we’re looking for
Must-haves:
- Strong analytical and problem solving skills
- Effective verbal and written communication
- Life product knowledge and general insurance business knowledge
- 5+ years of actuarial experience, including valuation experience
- ASA required, progressing to FSA
Nice-to-haves:
- VM-20 experience for ULSG and/or Term products
- GAAP LDTI experience, specifically with Trad LFPB
- Prior experience with actuarial modeling software, preferably MG-ALFA
What’s it like to work here?
At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.
What’s in it for you:
Clearly defined career tracks and levels to help you successfully manage your career
Leadership development and virtual training opportunities
PTO/parental leave
Free financial counseling, health coaching and employee assistance program
Tuition assistance program
A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations
Effective productivity/technology tools and training
Pay Range: $77,101 - $143,500
Actual base pay could vary based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.
About The Company
Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.
Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
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Be Aware of Fraudulent Recruiting Activities
If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.
Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln's fraud team at [email protected] if you encounter a recruiter or see a job opportunity that seems suspicious.
Additional Information
This position may be subject to Lincoln’s 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 Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.
Any unsolicited resumes or 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, Veteran 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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