Sr. Consultant, Actuarial: Strategic Reinsurance Monitoring (Remote Consideration)

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 #: 73416

The Role at a Glance

The Life & Annuity Reinsurance team at Lincoln is responsible for coordinating reinsurance administration, execution, and monitoring efforts across Lincoln’s Retail Solutions organization. This expanding team is looking to onboard an actuary to play a key role in development and maintenance of monitoring systems intended to review the performance and implementation of strategic reinsurance transactions. This person will drive an initial sprint to develop monitoring infrastructure on a backlog of transactions and will maintain ownership of monitoring assigned deals on a recurring basis. This person will work with deal leads to onboard new transactions into monitoring systems and provide a key feedback loop to finance, reinsurance accounting, and deal leads on business performance and expectations of each transaction.

What You'll Be Doing

• Develops and maintains monitoring infrastructure for reinsurance deal performance within the Life line of business, with potential to expand to Annuities.
• Compiles historical information relating to deal implementation, intention, and performance expectations.
• Captures intentions and risks of strategic reinsurance transactions by understanding analysis performed at the time of deal inception and putting self in the shoes of the individuals/teams who executed the transaction.
• Transforms prior models or develops new models as needed to allow for side-by-side comparison of settlement line items, financial indicators, and deal performance drivers.
• Assists in creating historical reviews on strategic reinsurance transactions, presenting findings to key stakeholders, and setting expectations of key drivers specific to the subject transaction.
• Provides feedback to all parties involved in the reinsurance data ecosystem and uses actuarial expertise to recognize, probe, and remediate/explain when results are misaligned with expectation.
• Uses actuarial judgment to determine key drivers to monitor and forethought to determine the level of scrutiny each line item should receive.
• Supports new transaction onboarding and assists deal leads with information gathering when existing strategic deals require extension or modification from original terms.
• Assists in researching problems and questions from stakeholders across the organization, including but not limited to, Accounting, Finance, Life Solutions, Annuity Solutions, M&A.
  
  

What We’re Looking For

• 4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's) (Minimum Required)
• 5-7+ Years experience in actuarial science that directly aligns with the specific responsibilities for this position
• FSA designation or ASA designation with additional years of actuarial experience
• 4+ Years experience in individual life finance, reinsurance, pricing product development, or forecasting
• Proficiency and proven ability in model or process development, including modeling in actuarial projection systems (MG-ALFA, FIS-Prophet, GGY-Axis), coding languages (R, Python), and/or Excel.
• Ability to analyze complex information and to evaluate the implications of a course of action or solution.
• Ability to interpret and apply common sense understanding to carry out a variety of instructions furnished in written, oral, or diagram form.
• Ability to solve problems and deal with a variety of concrete variables in situations where only limited standardization exists.
• Define problems, collect data, establish facts and draw valid conclusions.
• Evaluate trends in data or information.
  
  

Application Deadline

Applications for this position will be accepted through October 2nd, 2024, subject to earlier closure due to applicant volume

What’s it like to work here?

At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.

What’s in it for you:

• Clearly defined career tracks and job levels, along with associated behaviors for each Lincoln leadership Attribute.
• 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
• A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations
• Effective productivity/technology tools and training
  
  

The pay range for this position is $105,301 - $190,000 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.

About The Company

Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.

Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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Be Aware of Fraudulent Recruiting Activities

If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.

Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln's fraud team at fraudhotline@lfg.com if you encounter a recruiter or see a job opportunity that seems suspicious.

Additional Information

This position may be subject to Lincoln’s Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

Any unsolicited resumes or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.

Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information. Applicants are evaluated on the basis of job qualifications. If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.

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