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
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