Urgently Need AVP, Annuity Model Development (Remote Consideration) in Radnor, PA

Job title: AVP, Annuity Model Development (Remote Consideration)

Company: Lincoln Financial Group

Job description: Alternate Locations: Radnor, PA (Pennsylvania); Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska); Work from Home



Work Arrangement:



Hybrid/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.



Relocation assistance: is not available for this opportunity.



Requisition #: 72158



The Role at a Glance



We're excited to bring on an AVP, Annuity Model Development. In this role you will be responsible for leading a team of actuaries to improve and maintain our Annuity and RPS models used for a variety of purposes including GAAP and Statutory reporting, ALM/CFT projections, and financial analysis of enterprise strategic projects. The individual will be responsible for the continued development of existing MG-ALFA models and taking on the development of newly converted AXIS models as well as the planning, execution, and communication of modeling impacts to stakeholders across the company.



What you'll be doing

• Lead a team to identify, prioritize, and develop new assumptions, product models, and modeling techniques in MG-ALFA and AXIS


• Collaborate with AXIS conversion team to understand and resolve differences between AXIS and MG-ALFA models


• Partner with external stakeholder groups including: Valuation Actuary, Appointed Actuary, Qualified Actuary, Accounting, Audit, Product Development, and Risk Management to implement model changes corresponding to new product features and releases, regulatory requirements, assumption and model logic updates, etc.


• Provide technical expertise and leadership overseeing all changes to the Inforce Annuity and RPS actuarial model(s)


• Ensure rigorous governance and review standards are executed and model changes are appropriately checked and approved for inforce actuarial models


• Communicate effectively on complex modeling topics to audiences of various levels


• Influence strategic decision making by providing modeling expertise and thought leadership to senior leadership and peer level stakeholders across the company.


• Introduce and encourage innovation, improvements, and efficiencies in the model and surrounding processes

What we're looking for



Must-have:

• 12+ 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)


• FSA designation or ASA designation with additional years' actuarial experience


• Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major is required.


• Annuity product knowledge and general insurance business knowledge


• Modeling skills: proficiency in MG-ALFA and/or AXIS


• 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.


• Demonstrated strong project management leadership skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.


• Analytical skills: ability to think critically, identify, and solve potential challenges


• Excellent oral and written communication skills, adaptable to a wide variety of audiences throughout Lincoln's organizational structure

Nice-to-have:

• Knowledge of GAAP/Stat/Capital frameworks, including LDTI and PBR is preferred


• Technical and programming skills in database and analytical technologies, such as SQL, Tableau, etc.


• Demonstrated history of innovation and process improvement

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



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: $138,001 - $251,200



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.



Lincoln is committed to creating a 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 , , , and . Sign up for email alerts at



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 [email protected] 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.



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Expected salary:

Location: Radnor, PA

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