Lincoln Financial Group Jobs

Alternate Locations: Work from Home

Work Arrangement:

Hybrid/Flexible : Work at home and use the office as appropriate for in-person collaboration.

Relocation assistance: is not available for this opportunity.

Requisition #: 71028

The Actuarial Development 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, you’ll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed. The Actuarial Development Program includes a series of rotations, typically every 18-24 months. For each rotation, roles are available in different business areas including Life and Annuities, Retirement and Group Protection. Experience gained will enable participants to become well-rounded actuaries with knowledge that may include Product Development, Pricing, Valuation, Modeling, Risk Management, Asset Liability Management, Investments, Data Analytics, and Internal Audit.

ADP participants are expected to pass the Society of Actuaries’ exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well-rounded actuarial leader.

Additional Program Highlights:

Highly competitive compensation package with salary increases and bonuses upon successful exam completion

Social and training opportunities to enhance skills, network with ADP participants and build long-lasting industry relationships

Dedicated leaders and mentors to assist with career development

Work with actuarial and data science software and technologies including MG-ALFA, Axis, Prophet, Dataiku, R, and Tableau

Generous study time allowances for each exam session

Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program

The Role at a Glance:

The Role at a Glance

As an Associate Actuary, you will be assigned to one of Lincoln’s Actuary departments where you will play an integral role in the function of supporting the group’s actuarial responsibilities across multiple lines of business, delivering insightful, value-add, actionable analytics and governance to drive business results. In any actuarial rotational role that you would be placed in, you could be responsible for a variety of tasks and learning opportunities to include:

Valuation work

• Develop, expand, and maintain validation tools such as external spreadsheets used to verify model results. Create and maintain proper documentation of model changes.

• Perform dynamic validation and analyze actual against modeled assumptions

Modeling & Assumptions

• Developing and analyzing business models to analyze portfolio holdings

• Work across the enterprise to gather, validate, and analyze statutory reserves and capital for all holding company entities as part of an emerging international capital framework

Pricing & Profitability

• Perform pricing analysis using internally developed software, and analyze the pricing results for new/redesigned annuity contract and rider benefits

• Conducting asset adequacy and cash flow testing using actuarial software

• Creating monthly, quarterly, and annual reserves and financial statements

Process improvements

• Improve efficiency of technological tools used for asset adequacy testing and statutory reporting (Dataiku)

• Build on existing automation efforts with Dataiku and Tableau to increase efficiency, gain insight into the analysis of results, reduce the potential for error, and improve presentation of results

Technical Support

• Maintain existing actuarial models/tools, assist with mechanical and conceptual troubleshooting

• Work with actuarial and data science software and technologies including MG-ALFA, Profit, Dataiku, R, and Tableau

Product Development

• Developing a new insurance product or re-pricing an existing product based on customer needs

Risk Management/Analysis

• Partnering with various teams to understand risks posed by new products and developing recommended approaches to reflect risk

Reporting and Presentations

• Presenting to actuarial and non-actuarial leaders within assumption review committee meetings

What you'll be doing

• Build relationships across different business units

• Collaborate with team members and other actuarial associates

• Receive coaching and mentorship from senior actuarial associates and leaders

• Support the group’s actuarial initiatives and on-going business needs

• Complete assigned projects and impactful outputs

What we’re looking for

• 3-6+ years of experience in actuarial science

• At least 7 actuarial exams passed; typically has ASA designation, progressing towards FSA designation

• Driven, motivated and resourceful problem-solvers with critical thinking skills who are eager to learn, are coachable and committed to the rotational program parameters laid out by Lincoln.

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:

• A clearly defined career framework to help you successfully manage your career

• Leadership development and virtual training opportunities

• PTO/parental leave

• Competitive 401K and employee benefits (https://hrdirectdocs.lfg.com/misc/HR/Recruiting/BenefitsResourcesGuide.pdf)

• 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: $75,701 - $140,700

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, 2022, approximately 16 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of September 30, 2023, the company had $290 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 (https://www.lfg.com/public/aboutus/companyoverview/diversityinclusion?audience_page_id=1422918942386) 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.

Follow us on Facebook (http://www.facebook.com/lincolnfinancialgroup) , Twitter (https://mobile.twitter.com/lincolnfingroup) , LinkedIn (https://www.linkedin.com/company/4307?trkInfo=tas%3Alincoln+financial%2Cidx%3A3-1-3&trk=tyah) , and Instagram (https://www.instagram.com/lincolnfingroup/) . Sign up for email alerts at http://newsroom.lfg.com

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 fraudhotline@lfg.com 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/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.

This Employer Participates in E-Verify. See the E-Verify (https://www.e-verify.gov) notices.

Este Empleador Participa en E-Verify. Ver el E-Verify (https://www.e-verify.gov/es) avisos.

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. Opportunities throughout LFG are available to employees and applicants and are evaluated on the basis of job qualifications. We have a drug free work environment and we perform pre-employment substance abuse testing.