Lincoln Financial

Associate Actuary, ERM – Product and Actuarial Risk

Lincoln Financial

full-time

Posted on:

Location Type: Hybrid

Location: RadnorConnecticutNew YorkUnited States

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Salary

💰 $79,601 - $145,100 per year

Tech Stack

About the role

  • Own production of new business profitability and risk reporting for ERM’s monthly new business tracker and quarterly Product Risk Committee (PRC) exhibits and materials
  • Support governance oversight of quality of new business actual and forecasted metrics
  • Assist in the review of new product strategies, development, design, pricing, and implementation
  • Support assumptions oversight for multiple operations, including assumption development, modeling, annual updates, and risk assessments
  • Support the development of risk/return pricing standards and risk management methodologies based on actuarial and capital markets/economic principles
  • Establish effective working relationships throughout the organization, both at the corporate level and within the businesses
  • Build business and actuarial acumen across various product lines in terms of product knowledge, risk profiles, modeling approach, and reserve requirements
  • Monitor and analyze developments in actuarial techniques, laws, regulations, and competitive developments in the marketplace
  • Implement process improvements, consistency, governance, controls, and oversight
  • Streamline and automate the new business profitability and risk reporting process, leveraging AI tools (Claude / CoPilot)
  • Create an ERM new business risk repository / data warehouse to support analytics, strategic insights and decision making
  • Support the advancement of high visibility financial metrics and dashboards for use in strategic planning
  • Participate in ad hoc projects related to product development, implementation, inforce management, and corporate risk management initiatives
  • Assist in the buildout of Lincoln Financials’ risk appetite framework for new business

Requirements

  • 3-6 years of actuarial experience
  • ASA designation, progressing towards FSA designation
  • Strong technical and actuarial skills
  • Proficiency with programming and data visualization software (Tableau, Power BI)
  • Prior experience in assumption development preferred
  • Strong project management skills, including critical ability to coordinate and balance multiple projects in a time-sensitive environment with occasionally changing priorities
  • Curiosity, comfort asking questions and challenging the status quo
Benefits
  • Highly competitive compensation package with salary increases and bonuses upon successful exam completion
  • Social and training opportunities to enhance skills, network with ADP participants and build long-lasting industry relationships
  • Dedicated leaders and mentors to assist with career development
  • Work with actuarial and data science software and technologies including MG-ALFA, Axis, Prophet, Triton, Dataiku, R, and Tableau
  • Generous study time allowances for each exam session
  • Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
actuarial experienceassumption developmentrisk management methodologiesrisk/return pricing standardsdata modelingfinancial metricsprocess improvementsanalyticsreportingproject management
Soft Skills
strong technical skillscuriosityability to coordinate multiple projectscritical thinkingcommunicationrelationship buildingadaptabilityproblem-solvingtime managementleadership
Certifications
ASA designationFSA designation (in progress)