Hybrid Actuary – Annuity Model Governance

Posted last month

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About the role

  • As an Actuary in the Annuity Model Governance team, perform model validation and assessment for annuity products at Lincoln Financial. Ensure models’ compliance and efficiency with a focus on improvements.

Responsibilities

  • Working with cross-functional team to identify and understand required changes to GGY-AXIS Traditional Variable and Registered Index Linked Annuity models
  • Develop and execute independent model validation tools to assess accuracy and reliability of the AXIS annuity models including key data inputs, assumptions, and model calculations
  • Maintain and enhance the current Excel-based validation framework to ensure consistency and compliance
  • Participate in the assessment of the transition to a Python-based validation platform, contributing to design, development, and implementation to improve scalability, automation, and efficiency
  • Document processes, assumptions, and validation results to meet regulatory SOX control and internal audit standards
  • Engage with model developers and stakeholders to communicate model review findings and develop appropriate solutions
  • Identify and recommend process improvements that significantly reduce workload or enhance quality across the team

Requirements

  • 7+ years of actuarial experience with actuarial credentials (ASA or FSA)
  • Experience in actuarial modeling and/or valuation experience in GGY-AXIS
  • Experience in reviewing and assessing the appropriateness of complex models
  • Advanced proficiency in VBA, Python, or other programming languages (expert level preferred)
  • Strong analytical and problem-solving skills
  • Deep knowledge of annuity product and general insurance business knowledge
  • Strong communication and interpersonal skills
  • Strong understanding of regulatory and accounting frameworks (Stat/GAAP/Tax/RBC)
  • History of innovation and process improvement
  • Ability to manage multiple priorities and deliver high-quality results under deadlines
  • Nice to have: Experience working with business intelligence tools (e.g. Tableau)

Benefits

  • Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
  • Leadership development and virtual training opportunities
  • PTO/parental leave
  • Competitive 401K and employee benefits
  • Free financial counseling, health coaching and employee assistance program
  • Tuition assistance program
  • Work arrangements that work for you
  • Effective productivity/technology tools and training

Job title

Actuary – Annuity Model Governance

Job type

Experience level

SeniorLead

Salary

$108,501 - $195,900 per year

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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