Want Actuary, Annuity Pricing - Annuity Solutions (Remote Consideration) in Radnor, PA
Job title: Actuary, Annuity Pricing - Annuity Solutions (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 #: 72068
The Role at a Glance
The primary purpose of this role is pricing support for Lincoln's in-plan guarantees, or annuities inside of retirement plans, as well as individual fixed, fixed indexed, and registered-linked indexed annuities. This role will contribute to the design, modeling, assumption setting, analysis, and state filing for new products, as well as regular rate-setting and profitability analysis for existing products. The ideal candidate will have the opportunity to present their work to various stakeholders, including product management, pricing review, risk management, and senior leadership. The individual will work on products developed in partnership with Retirement Plan Solutions and Annuity Product and will work across business units and functions. Opportunity to manage ADP participants.
What you'll be doing
Pricing Analysis
- Perform pricing analysis and analyze the pricing results for new/redesigned annuity contract and rider benefits.
- Determine appropriate assumptions and how to model new product features.
- Develop pricing strategies and provide consultation/clarification on actuarial models and risk issues.
- Collaborate with product development team on product design to meet or exceed profitability and sales objectives.
- Direct, develop, and/or run complex pricing models and analysis for annuity contracts and rider benefits.
- Present results of analysis to team members, key business partners, and management.
- Analyze risk management strategies, and various reserve and capital requirements.
- Evaluate the impact of the potential product design changes on the reserve and/or capital requirement, profitability and tail risks.
- Maintain existing actuarial models and tools, and proactively identify and implement improvements. Develop tools and support product/ relationship managers according to business needs.
- Provide actuarial support for state filing or compliance
- Prepare reports and presentations summarizing pricing analysis and results, including documentation of assumptions and methodology.
- Participate in ad hoc projects related to product development, implementation, inforce management, and corporate risk management initiatives such as ERM and capital management.
- 6+ years of experience in Actuarial positions
- Strong technical skills
- Comfort working with and communicating across various teams and levels of seniority
- Capability to be productive in a dynamic environment with changing priorities and responsibilities
- Curiosity, comfort asking questions and challenging the status quo
- Undergraduate degree and 4+ years of comparable work experience required
- FSA designation or ASA designation with substantial additional years actuarial experience