Actuary, Annuity Inforce Model Governance

Lincoln Financial Group; Radnor (Delaware County); Hybrid; USD 108,501 - 195,900; Full time

Benefits offered by this job

Career development opportunities

Tuition assistance program

Free financial counseling

Health coaching

Employee assistance program

Job summary

Lincoln Financial Group in Radnor, PA is seeking an Actuary for the Annuity Model Governance team. The role involves model reviews that support valuation, pricing, and compliance within the Annuity business. Ideal candidates will have at least 7 years of actuarial experience and possess ASA or FSA credentials, alongside advanced proficiency in VBA and Python. The position incorporates a hybrid work model, with opportunities for career development and tuition assistance.

Qualifications

• 7+ years of actuarial experience with actuarial credentials (ASA or FSA).
• Experience in actuarial modeling and/or valuation experience in GGY-AXIS.
• Advanced proficiency in VBA, Python, or other programming languages.

Responsibilities

• Perform comprehensive reviews of models that support valuation, projections, pricing.
• Develop and execute independent model validation tools.
• Maintain and enhance the current Excel-based validation framework.

Skills

Actuarial experience

Actuarial modeling experience

Advanced proficiency in VBA

Advanced proficiency in Python

Analytical skills

Communication skills

Knowledge of annuity products

Problem-solving skills

Education

ASA or FSA actuarial credentials

Tools

GGY-AXIS

Business intelligence tools (e.g., Tableau)

Job description

Actuary, Annuity Inforce Model Governance

Alternate Locations: Radnor, PA (Pennsylvania); Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska)

Work Arrangement:

Hybrid: Employee will work 3 days a week in a Lincoln office

Relocation assistance: is not available for this opportunity.

Requisition #: 76056

The Role at a Glance

As an Actuary of the Annuity Model Governance and Stewardship team, you will perform comprehensive reviews of models that support valuation, projections, pricing, financial planning, and strategic initiatives within the Annuity business. Our team ensures the integrity, efficiency, and compliance of actuarial models for annuity products, focusing on robust model validation, governance, and continuous improvement to support accurate financial reporting and effective risk management.

What you’ll be doing

• Working with cross-functional team to identify and understand required changes to GGY-AXIS Fixed Indexed Annuity, Fixed Annuity and Payout 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 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

What we’re looking for

Must have:

• 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)

Application Deadline

Applications for this position will be accepted through July 12th, 2026 subject to earlier closure due to applicant volume.

What’s in it for you:

• 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
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• Work arrangements that work for you
• Effective productivity/technology tools and training

About The Pay Range: The pay range for this position is $108,501 – $195,900 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.

Equal Employment Opportunity Statement:

Lincoln is committed to creating an 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.