Urgently Need AVP, Annuity Model Development (Remote Consideration) in Radnor, PA
Job title: AVP, Annuity Model Development (Remote Consideration)
Company: Lincoln Financial Group
Job description: Alternate Locations: Radnor, PA (Pennsylvania); Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska); Work from Home
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 #: 72158
The Role at a Glance
We're excited to bring on an AVP, Annuity Model Development. In this role you will be responsible for leading a team of actuaries to improve and maintain our Annuity and RPS models used for a variety of purposes including GAAP and Statutory reporting, ALM/CFT projections, and financial analysis of enterprise strategic projects. The individual will be responsible for the continued development of existing MG-ALFA models and taking on the development of newly converted AXIS models as well as the planning, execution, and communication of modeling impacts to stakeholders across the company.
What you'll be doing
- Lead a team to identify, prioritize, and develop new assumptions, product models, and modeling techniques in MG-ALFA and AXIS
- Collaborate with AXIS conversion team to understand and resolve differences between AXIS and MG-ALFA models
- Partner with external stakeholder groups including: Valuation Actuary, Appointed Actuary, Qualified Actuary, Accounting, Audit, Product Development, and Risk Management to implement model changes corresponding to new product features and releases, regulatory requirements, assumption and model logic updates, etc.
- Provide technical expertise and leadership overseeing all changes to the Inforce Annuity and RPS actuarial model(s)
- Ensure rigorous governance and review standards are executed and model changes are appropriately checked and approved for inforce actuarial models
- Communicate effectively on complex modeling topics to audiences of various levels
- Influence strategic decision making by providing modeling expertise and thought leadership to senior leadership and peer level stakeholders across the company.
- Introduce and encourage innovation, improvements, and efficiencies in the model and surrounding processes
- 12+ years of increasing actuarial experience, including 5+ years of demonstrated leadership experience influencing senior management/critical stakeholders
- Substantial experience with Annuity products (Variable Annuity with/without living benefits, Indexed Variable Annuity, Fixed Indexed Annuity, Fixed Annuity, and Payout Annuity)
- FSA designation or ASA designation with additional years' actuarial experience
- Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major is required.
- Annuity product knowledge and general insurance business knowledge
- Modeling skills: proficiency in MG-ALFA and/or AXIS
- Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches; can influence outcomes without directing or commanding.
- Demonstrated strong project management leadership skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
- Analytical skills: ability to think critically, identify, and solve potential challenges
- Excellent oral and written communication skills, adaptable to a wide variety of audiences throughout Lincoln's organizational structure
- Knowledge of GAAP/Stat/Capital frameworks, including LDTI and PBR is preferred
- Technical and programming skills in database and analytical technologies, such as SQL, Tableau, etc.
- Demonstrated history of innovation and process improvement