Lincoln Financial Group - Trenton, NJ

posted 3 months ago

Full-time - Senior
Remote - Trenton, NJ
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The AVP, Actuarial (Retirement Plan Services) position at Lincoln Financial Group is a leadership role that provides direction and functional expertise to the Retirement Plan Services team. This role is pivotal in ensuring departmental results through the design and execution of actuarial models and analyses. The successful candidate will contribute to the development of actuarial strategy and ensure that the models and analyses support fact-based decision-making by management. The position requires a deep understanding of actuarial principles and the ability to translate complex actuarial problems into actionable strategies and solutions. In this role, you will oversee key functions such as Assumption Governance, Rate Setting, and Risk Management. You will be responsible for anticipating and addressing complex actuarial issues, directing projects that have a broad impact on the enterprise, and delegating tasks while providing appropriate support to team members. Collaboration with various levels of management and stakeholders is essential to generate high-quality decisions. You will also provide guidance on the structure of actuarial models and the development of assumptions, ensuring a proper balance between precision and timeliness. Additionally, the AVP will lead the research, design, and implementation of actuarial modeling techniques and tools to meet current and future business needs. You will play a crucial role in enhancing organizational initiatives by supporting change management and identifying strategic process improvements that can significantly reduce workloads or improve quality across the team and business unit. Training and development opportunities for team members will also be a key focus, as will the retention of top talent within the organization.

Responsibilities

  • Oversees Assumption Governance, Rate Setting, and Risk Management functions
  • Contributes to the strategy development for actuarial trends, issues and/or concerns
  • Anticipates and provides strategies/solutions to complex actuarial problems or trends
  • Directs actuarial projects with broad impact to the enterprise, delegating work and providing appropriate levels of support and responsibility to employees
  • Partners effectively with various levels of management and other stakeholders to generate high-quality decisions
  • Provides guidance on structure of actuarial models and assumption development and proper balance of precision and timeliness
  • Monitors developments in actuarial industry and translates this information to business solutions
  • Leads the research, design and implementation of actuarial modeling techniques and tools to support current/future business needs
  • Directs and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives
  • Identifies and directs strategic process improvements that significantly reduce workloads or improve quality across the team, department and/or business unit
  • Provides subject matter expertise to team members and internal/external stakeholders on complex assignments/projects
  • Provides training and development opportunities, including stretch assignments, for team members and gives honest and open feedback to aid in the development of talent
  • Provides strategic leadership and direction to continually improve the capability and results
  • Directs/executes approved strategy decisions and contributes to strategy creation
  • Ensures that top talent is hired and retained.

Requirements

  • 4 Year/Bachelor's degree (or equivalent)
  • 10+ years of experience in actuarial science that directly aligns with the specific responsibilities for this position
  • 3+ years of managerial, supervisory, and/or demonstrated leadership experience including influencing senior management/critical stakeholders experience
  • Upon Hire Certifications/Licensures: (FSA designation or ASA designation with additional years actuarial experience)

Nice-to-haves

  • 2+ years Retirement Plan Services experience

Benefits

  • Clearly defined career tracks and job levels
  • Leadership development and virtual training opportunities
  • PTO/parental leave
  • Competitive 401K and employee benefits
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