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Lincoln Financial · 1 day ago

Actuary, Annuity Model Governance

Radnor, PA

Full-time

Hybrid

Mid, Senior Level

$109K/yr - $196K/yr

7+ years exp

Lincoln Financial is a company focused on helping individuals plan for their financial futures, offering a range of products including annuities and life insurance. The Actuary for the Annuity Model Governance team will perform model reviews to ensure accuracy and compliance, develop validation tools, and engage with stakeholders to enhance model governance and process improvements.

AdviceFinanceFinancial ServicesInsurance

Responsibilities

Working with cross-functional team to identify and understand required changes to GGY-AXIS Traditional Variable and Registered Index Linked Annuity models

Develop and execute independent model validation tools to assess accuracy and reliability of the AXIS annuity models including key data inputs, assumptions, and model calculations

Maintain and enhance the current Excel-based validation framework to ensure consistency and compliance

Participate in the assessment of the transition to a Python-based validation platform, contributing to design, development, and implementation to improve scalability, automation, and efficiency

Document processes, assumptions, and validation results to meet regulatory SOX control and internal audit standards

Engage with model developers and stakeholders to communicate model review findings and develop appropriate solutions

Identify and recommend process improvements that significantly reduce workload or enhance quality across the team

Qualification

Actuarial credentials ASAActuarial credentials FSAActuarial modeling experienceGGY-AXIS experienceAdvanced VBA proficiencyPython proficiencyAnalytical skillsAnnuity productsRegulatory framework understandingProcess improvement historyManage prioritiesBusiness intelligence toolsProblem-solving skillsCommunication skillsInterpersonal skills