Actuarial Analyst II - Life Risk Management and Governance (Remote)
Lincoln Financial Group Remote
analyst risk management management governance remote financial work from home assistance governance adp technical leadership product development
January 10, 2023
Lincoln Financial Group
Des Moines, Iowa
Alternate Locations: Work from Home Work Arrangement: Work from Home Relocation assistance: : is not available for this opportunity. Pay Range: $48,900 - $103,600 Bonus Potential: 7.5% Requisition #: 71002 The Role at a Glance: This position will work on the Life/LTC hybrid products within the Life Risk Management and Governance organization. The ADP participant in this role will drive insights, deliver thoughtful feedback, and execute on required deliverables related to Model Review and Profitability Reporting related to the Life/LTC hybrid products we offer. What you'll be doing: The ADP Program The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial s commitment to creating highly qualified business leaders. As an ADP participant, you ll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed. Program participants receive up to 175 hours of company time to study per exam sitting. Lincoln Financial Group purchases required exam materials and pays exam fees in advance for each program participant. Product Governance Attend Product Development workgroup meetings and Financial & Risk Reviews. Actively engage in the discussions with functional units within and outside of Insurance Solutions. Anticipate any changes or identify any new data requirements for profitability reporting. Provide feedback to pricing lead and Governance Leader by deadlines throughout the product development and implementation cycle. Feedback should include results of technical model review, comparison against other products in our portfolio, and insights from work with ERM and valuation actuaries. Model Review Identify when model coding in your Product purview is expected to take place this includes Product Development, Centralized Profit Models, and Valuation. Actively work w/ Model Owners to develop your Model Review Plan including dates and contingencies. Gain buy-in from Model Owner, Model Governance Leader, and any other appropriate parties (e.g. Valuation Actuary). Execute on Model Review Plan communicating status to stakeholders with regularity. Document both your own review as well as confirming the Model Owner s review. Provide feedback across models such that consistency is developed, or documentation of differences and why in absence of the consistency. Track and follow up on outstanding items. Quarterly Profitability Reporting Deliver results according to quarterly reporting deadlines with explanation of any changes to full year profitability projection (volume, assumption changes, model changes). Run models, review results, analyze and explain deviations of quarterly profitability from expected baseline and prior quarter. Identify any changes to be executed before subsequent quarter or identify any new data requirements. Complete and document follow up items as required before subsequent reporting quarter. What we re looking for: Must-haves: Strong technical skills Strong analytical and problem solving skills Effective verbal and written communication Nice-to-haves: 1-2 years of actuarial experience Positive attitude and team player Prior experience with actuarial modeling software, preferably MG-ALFA Life product knowledge and general insurance/business knowledge 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 (https://hrdirectdocs.lfg.com/misc/HR/Recruiting/BenefitsResourcesGuide.pdf) 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 Work Arrangement Work from Home : Employees will work from home and are not required to work in a Lincoln office on a regular basis. Lincoln will evaluate the following when setting the successful candidate's wage rate: Prior work or industry experience. Education level to the extent education is relevant to the position. Unique skills 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 diverse and inclusive (https://www.lfg.com/public/aboutus/companyoverview/diversityinclusion?audience_page_id=1422918942386) 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 (http://www.facebook.com/lincolnfinancialgroup) , Twitter (https://mobile.twitter.com/lincolnfingroup) , LinkedIn (https://www.linkedin.com/company/4307?trkInfo=tas%3Alincoln+financial%2Cidx%3A3-1-3&trk=tyah) , and Instagram (https://www.instagram.com/lincolnfingroup/) . Sign up for email alerts at http://newsroom.lfg.com 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. This Employer Participates in E-Verify. See the E-Verify (https://www.e-verify.gov) notices. Este Empleador Participa en E-Verify. Ver el E-Verify (https://www.e-verify.gov/es) avisos. 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, veterans status, or genetic information. Opportunities throughout LFG are available to employees and applicants and are evaluated on the basis of job qualifications. We have a drug free work environment and we perform pre-employment substance abuse testing.
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