Actuary, Life Valuation

Lincoln Financial • Radnor, PA

1d • Hybrid

About The Position

As an Actuary in Life Valuation department of the Life Chief Actuary team, you will play a significant role in helping shape the future of life reserving and reporting. This visible role will help guide transformation efforts and lead special projects to enhance the overall financial reporting process. What you'll be doing
Support the production statutory valuation process for life products (Universal Life, Indexed UL, Variable UL, Combo products).
Leading and working with cross-functional teams to redesign and build new tools and processes which enable production valuation reporting.
Serve as a special project consultant on complex valuation projects related to reinsurance transactions, new product designs and features, and overall strategies.
Maintain knowledge on current and emerging developments/trends including regulatory changes for life valuation, assess the impact, and collaborate with management to incorporate the findings into current and future strategies.
Introduce and encourage innovation, improvements, and efficiencies where possible in the reserving/reporting process.
Collaborate and engage with key business/management stakeholders to provide specialized expertise needed for the development and adoption of key financial decisions and risk management techniques.
Manage a team of 3-5 Actuarial Development Program (ADP) students and support staff

Requirements

• 4 Year/Bachelor’s degree (or equivalent) (Minimum Required)
• 5-7+ years of actuarial experience with actuarial credentials (FSA or ASA with additional years of experience)
• Substantial life product knowledge and general insurance business knowledge
• Strong understanding of regulatory/accounting/capital frameworks, particularly pre-PBR US statutory valuation
• Understanding of income statements, balance sheets, and financial projections
• Strong analytical and problem-solving skills
• Strong communication and interpersonal skills

Nice To Haves

• Proficiency with actuarial modeling software such as MG-ALFA/Integrate
• Experience working with business intelligence tools (e.g. Tableau, Dataiku)
• History of innovation and process improvement
• Advanced proficiency with Microsoft Office Suite (Excel, Word, PowerPoint) and Microsoft SQL Server

Responsibilities

• Support the production statutory valuation process for life products (Universal Life, Indexed UL, Variable UL, Combo products).
• Leading and working with cross-functional teams to redesign and build new tools and processes which enable production valuation reporting.
• Serve as a special project consultant on complex valuation projects related to reinsurance transactions, new product designs and features, and overall strategies.
• Maintain knowledge on current and emerging developments/trends including regulatory changes for life valuation, assess the impact, and collaborate with management to incorporate the findings into current and future strategies.
• Introduce and encourage innovation, improvements, and efficiencies where possible in the reserving/reporting process.
• Collaborate and engage with key business/management stakeholders to provide specialized expertise needed for the development and adoption of key financial decisions and risk management techniques.
• Manage a team of 3-5 Actuarial Development Program (ADP) students and support staff

Benefits

• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
• Leadership development and virtual training opportunities
• PTO/parental leave
• Competitive 401K and employee benefits
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• Work arrangements that work for you
• Effective productivity/technology tools and training

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees