Want Actuary, Advanced Analytics and Modeling Solutions, Annuity Solutions (Remote Consideration) in Hartford, CT
Job title: Actuary, Advanced Analytics and Modeling Solutions, Annuity Solutions (Remote Consideration)
Company: Lincoln Financial Group
Job description: Alternate Locations: Hartford, CT (Connecticut); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Radnor, PA (Pennsylvania)
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 #: 71993
The Role at a Glance
This position will primarily support capital market analytics for index annuities (variable and fixed), and traditional variable annuities with guarantees, and will extend to life insurance with guarantees over time. You will design and implement innovative modeling solutions to evaluate key drivers and impacts to profitability and risk metrics for deeper insights. You will communicate results to stakeholders, serve as a subject matter expert and provide thought leadership. You will elevate analytics bench strength, drive efficiency, and minimize model risk through continuous improvement in our infrastructure and processes. You will lead analyses relating to changes in investment options, hedging strategies, regulatory/ accounting requirements, various assumptions, and more. This position offers high visibility to senior management, collaborating across Annuities, Life Insurance and Corporate Finance.
What you'll be doing
- Advance modeling infrastructure in projecting annuity earnings stochastically, with more robust reflection of evolving hedge strategy and capital management
- Analyze risk management strategies, such as hedging and reinsurance, and their impact on product risk and profitability.
- Lead R&D and analysis of new/ upgraded investment options and innovative product features, e.g., custom indices and index account payoffs/ crediting rate strategies, risk managed funds.
- Partner across teams to advance hedge strategies, especially with Indexed VA (or RILA).
- Design and implement customized modeling solutions to analyze complex actuarial issues and strategic initiatives
- Develop subject matter expertise in our pricing models, capital market and actuarial assumptions, and advise stakeholders on modeling and risk issues
- Provide thought leadership and insights on Distributable Earnings impact from product changes, regulatory changes, and different capital standards
- Provide ad hoc support towards modeling solutions initiatives, such as actuarial software conversion, computing grid infrastructure upgrades, and continuous improvement
- Support Life insurance capital market analytics and provide modeling subject matter expertise as opportunities arise
- Support enterprise long-term strategy of increasing distributable earnings and diversifying sources of earnings.
- Serve as a subject matter expert and leverage industrial trends to provide comprehensive and holistic guidance on risk management strategies and modeling innovations.
- Coach junior team members, influence business partners to think strategically and execute on assigned projects efficiently and effectively. Manage shifting priorities considering cost benefit trade-offs strategically.
- 7+ years of actuarial experience (typically FSA designation)
- Substantial experience in actuarial modeling of annuity or life products
- Strong understanding of regulatory/accounting/capital frameworks (STAT/GAAP/Tax, RBC, EC)
- Solid foundation of capital markets and financial instruments (assets and derivatives)
- Demonstrated success in balancing and pivoting across projects with shifting priorities
- Strong relationship management skills and collaboration experience across functional areas
- Commitment to continuous learning
- Experience in advanced modeling/ analytics, financial engineering and market risk analysis
- Competency with R, Python, SQL, Excel VBA, Tableau
- Demonstrated ability to identify, develop and implement processes improvements.
- Demonstrated success in providing strategic and holistic thought leadership
- Demonstrated ability to promote continuous improvement practices and collaborations
- Find common ground and gain collaboration among management, colleagues and peers; influence outcomes without directing or commanding.