AVP, Annuity Valuation (Remote Consideration)
Full Time
Radnor, PA
$118,300 - $215,800 a year
Posted
Job description
Date: May 13, 2023
Primary Location: Radnor, PA, US
Company: Lincoln Financial
Alternate Locations: Radnor, PA (Pennsylvania); Boston, MA (Massachusetts); Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina)
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 #: 71562
The Role at a Glance
Lincoln Financial Group has an exciting role open for an AVP, Annuity Valuation Actuary where you will provide reserving and reporting thought leadership to support critical business objectives. This is a visible role and will interact with key business partners.
What you'll be doing
- Provides specialized expertise and thought leadership to internal/external stakeholders for annuity valuation
- Ensures actuarial models and assumptions for his/her assigned area(s) comply with all company, financial and industry laws, rules, and regulations
- Maintains knowledge on current and emerging developments/trends including regulatory changes for annuity valuation, assesses the impact, and collaborates with management to incorporate new trends and developments in current and future strategies
- Ensures that risks, exposure, and key business issues are identified, properly accounted for and resolved
- Collaborates with key business/management stakeholders to drive the development and adoption of key financial decisions and risk management techniques for the enterprise
- Supports Finance by providing information and exhibits needed for financial reporting
- Meets all deadlines and provides accurate information consistent with Stat, GAAP, and other professional requirements and standards
- Lead regulator, internal and external auditor, and survey inquiries; promptly drives resolution
- May oversee preparation of operational and risk management metric reports for analysis and presentations to management
- Introduces and encourages innovation, improvements, and efficiencies where possible in the reserving/reporting processes
- Collaborates heavily with financial and pricing leadership to effectively manage the Annuities product lines
- May be involved with review of annuity assumption development work
- Establishes business partnerships and alliances across the organization and industry; finds common interests and mutually beneficial grounds to help achieve business objectives
What we’re looking for
- 15+ years of increasing actuarial experience, including 5+ years of demonstrated leadership experience influencing senior management/critical stakeholders
- Substantial experience with Annuity products (Variable Annuity with/without living benefits, Indexed Variable Annuity, Fixed Indexed Annuity, Fixed Annuity, and Payout Annuity)
- Strong understanding of regulatory/accounting/capital frameworks (STAT/GAAP/Tax, RBC, EC)
- Strong understanding of balance sheets, income statements, and financial projections
- Confident, comfortable communicator with excellent written and verbal communication skills
- Strong presentation skills with demonstrated ability to influence at all levels of management through clear, informed, and logical discussions/presentations.
- Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches; can influence outcomes without directing or commanding.
- Demonstrates strong project management leadership skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
- Understanding of Bermuda regulations is a plus
- Proficiency with ALFA/AXIS or similar projection software systems is a plus
- Advanced proficiency with Excel, Word, PowerPoint
- Undergraduate degree is required
- FSA designation or ASA designation with substantial additional years of actuarial experience
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
-
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: $118,300 - $215,800
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, a Fortune 200 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.
Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $324 billion in end-of-period account values as of June 30, 2021.
Ranked one of the Best Large Employers in America and Best Employers for Women by Forbes magazine as well as one of Newsweek’s Most Responsible Companies, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.
Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $324 billion in end-of-period account values as of June 30, 2021.
Ranked one of the Best Large Employers in America and Best Employers for Women by Forbes magazine as well as one of Newsweek’s Most Responsible Companies, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.
Lincoln is committed to creating a diverse and inclusive 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.
Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Follow us on Facebook, Twitter, LinkedIn, and Instagram.
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.
gatheringourvoice.org is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, gatheringourvoice.org provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, gatheringourvoice.org is the ideal place to find your next job.