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Lincoln Financial · 7 hours ago

Associate Actuary, Life Qualified Actuary Team

Radnor, PA

Full-time

Hybrid

Mid, Senior Level

$80K/yr - $145K/yr

5+ years exp

Lincoln Financial is an established company focused on helping people plan for their financial futures. The Associate Actuary will serve as a subject matter expert driving insights and delivering thoughtful analysis on Life quarterly valuation results, annual assumption updates, and new product implementations for both GAAP and Statutory reporting.

AdviceFinanceFinancial ServicesInsurance

Responsibilities

Provide specifications and design requirements for new model and data processes related to valuation

Support review and validation efforts of new reporting processes

Embrace a continuous improvement mindset to assess and improve analysis tools, processes, and modeling methods and assumptions

Provide review and analysis of quarterly Life 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

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

Support preparation of the Life portion of the annual VM-31 report by analyzing and summarizing results and updating report language to reflect current business structure, assumptions, methods, modeling, etc

Support implementation of new regulatory requirements, including cash-flow testing for certain blocks of business and/or reinsurance and expanded requirements for the annual Actuarial Opinion and Memorandum

Provide analysis and documentation in support of the new Generator of Economic Scenarios for statutory reporting

Monitor ongoing changes in regulations pertaining to the valuation of Life inforce and new business

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

Assist in developing and executing model review controls and governance structures

Collaborate across the organization to support strong relationships with Life Valuation and Modeling, Life Pricing, Life Model Governance, Corporate Finance, and others

Qualification

Life ValuationActuarial Modeling SoftwareGAAP ReportingStatutory ReportingASA CertificationFSA ProgressionData AnalyticsAnalytical SkillsCommunication SkillsProblem-Solving SkillsLeadership SkillsTeam Collaboration