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LF
Lincoln Financial
Lead Actuary, Annuity Inforce Model Governance
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Based on Pennsylvania data
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What they do
An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.
$127,871 / year median in Pennsylvania
-4% projected decline
Job Description
Alternate Locations:
Work from Home; Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska); Radnor, PA (Pennsylvania)Work Arrangement:
Hybrid :
Employee will work 3 days a week in a Lincoln office Relocation assistance: is not available for this opportunity. Requisition #: 76056 The Role at a Glance As an Actuary of the Annuity Model Governance and Stewardship team, you will perform comprehensive reviews of models that support valuation, projections, pricing, financial planning, and strategic initiatives within the Annuity business. Our team ensures the integrity, efficiency, and compliance of actuarial models for annuity products, focusing on robust model validation, governance, and continuous improvement to support accurate financial reporting and effective risk management.What you'll be doing
- Working with cross-functional team to identify and understand required changes to
GGY-AXIS
Fixed Indexed Annuity, Fixed Annuity and Payout 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 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 What we're looking for Must have:
- 7+ years of actuarial experience with actuarial credentials (ASA or FSA)
- Experience in actuarial modeling and/or valuation experience in
GGY-AXIS
- Experience in reviewing and assessing the appropriateness of complex models
- Advanced proficiency in VBA, Python, or other programming languages (expert level preferred)
- Strong analytical and problem-solving skills
- Deep knowledge of annuity product and general insurance business knowledge
- Strong communication and interpersonal skills
- Strong understanding of regulatory and accounting frameworks (Stat/GAAP/Tax/RBC)
- History of innovation and process improvement
- Ability to manage multiple priorities and deliver high-quality results under deadlines Nice to have
- Experience working with business intelligence tools (e.