Associate, Actuarial

$48,301 - $87,100/Yr

Lincoln Financial Group - Charleston, WV

Full-time - Entry Level

Remote - Charleston, WV

1,001-5,000 employees

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Associate, Actuarial position at Lincoln Financial Group is part of the Actuarial Development Program (ADP), designed to cultivate highly qualified business leaders in the actuarial field. Participants will engage in a series of rotations across various business areas, gaining essential actuarial, technical, management, communication, and leadership skills. The program supports participants in their journey towards obtaining the Fellowship of the Society of Actuaries (FSA) certification, while providing opportunities to work on diverse actuarial tasks and projects.

Responsibilities

• Support the group's actuarial responsibilities across multiple lines of business.
• Deliver insightful, value-add, actionable analytics and governance to drive business results.
• Develop new insurance products or re-price existing products based on customer needs.
• Conduct pricing analysis using actuarial software and analyze pricing results for new/redesigned annuity contracts.
• Perform asset adequacy and cash flow testing using actuarial software.
• Create monthly, quarterly, and annual reserves and financial statements.
• Develop and analyze business models to analyze portfolio holdings.
• Gather, validate, and analyze statutory reserves and capital for all holding company entities.
• Improve efficiency of technological tools used for asset adequacy testing and statutory reporting.
• Build on existing automation efforts with Dataiku and Tableau to increase efficiency and reduce errors.
• Maintain existing actuarial models/tools and assist with troubleshooting.
• Develop and maintain validation tools to verify model results and document changes.
• Perform dynamic validation and analyze actual against modeled assumptions.
• Partner with teams to understand risks posed by new products and develop recommended approaches.
• Present findings to actuarial and non-actuarial leaders in assumption review committee meetings.
• Support the group's actuarial initiatives and complete assigned projects with impactful outputs.

Requirements

• 0-1 years of actuarial experience
• Bachelor's degree in Actuarial Science or Mathematics
• A minimum of 1-2 Actuarial exams passed
• Commitment to continuing the actuarial exam process to obtain ASA Certification
• Driven, motivated, and resourceful problem-solver with critical thinking skills.

Nice-to-haves

• Experience with actuarial and data science software such as MG-ALFA, Axis, Prophet, Dataiku, R, and Tableau.

Benefits

• Competitive compensation package with salary increases and bonuses upon successful exam completion
• Social and training opportunities to enhance skills and network
• Dedicated leaders and mentors for career development
• Generous study time allowances for exam sessions
• Payment and/or reimbursement of actuarial exam fees and materials
• Tuition assistance program
• PTO/parental leave
• Free financial counseling and health coaching