Want AVP & Actuary, Annuity Valuation (Remote Consideration) in Radnor, PA
Job title: AVP & Actuary, Annuity Valuation (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 #: 72083
The Role at a Glance
Lincoln Financial Group has an exciting role open for an AVP, Annuity Valuation Actuary where you will provide reserving and reporting thought leadership to support critical business objectives as part of the Life and Annuity Valuation team. This is a visible role with people management responsibilities and will interact with key business partners. You will play an integral role in providing annuity reserving and reporting leadership to support key business objectives.
What you'll be doing
- Manage valuation production process for your assigned area
- Provide specialized expertise and thought leadership to internal/external stakeholders for annuity valuation
- Maintain knowledge on current and emerging developments/trends including regulatory changes for annuity valuation, assesses the impact, and collaborates with management to incorporate new trends and developments in current and future strategies
- Ensure that risks, exposure, and key business issues are identified, properly accounted for and resolved
- Collaborate with key business/management stakeholders to drive the development and adoption of key financial decisions and risk management techniques for the enterprise
- Support Finance by providing information and exhibits needed for financial reporting.
- Meet all deadlines and provides accurate information consistent with Stat, GAAP, and other professional requirements and standards
- Lead regulator, internal and external auditor, and survey inquiries; promptly drives resolution
- Participate in preparation of operational and risk management metric reports for analysis and presentations to management
- Introduce and encourages innovation, improvements, and efficiencies where possible in the reserving/reporting processes
- Collaborate heavily with financial and pricing leadership to effectively manage the Annuities product lines
- Participate in review of annuity assumption development work
- Establish business partnerships and alliances across the organization and industry; finds common interests and mutually beneficial grounds to help achieve business objectives
- 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)
- Strong understanding of regulatory/accounting/capital frameworks (STAT/GAAP/Tax, RBC, EC)
- Strong understanding of balance sheets, income statements, and financial projections
- Confident, comfortable communicator with excellent written and verbal communication skills
- Strong presentation skills with demonstrated ability to influence at all levels of management through clear, informed, and logical discussions/presentations.
- 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.
- Demonstrates strong project management leadership skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
- Proficiency with ALFA/AXIS or similar projection software systems is a plus
- Advanced proficiency with Excel, Word, PowerPoint
- Undergraduate degree is required
- FSA designation or ASA designation with substantial additional years of actuarial experience