Actuary, Annuity Solutions Pricing

Lincoln Financial; Radnor (Delaware County); Hybrid; USD 109,000 - 196,000; Full time

Benefits offered by this job

PTO/Parental leave

Competitive 401K

Financial counseling

Tuition assistance

Flexible work arrangements

Job summary

Lincoln Financial is seeking an experienced Actuary to join our pricing and risk team. The role involves pricing fixed and indexed annuities, assessing risk impacts of product changes, and presenting insights to stakeholders across leadership.

You will maintain actuarial models, develop tools for product teams, and participate in special projects related to ERM and capital management. Hybrid work with relocation support not available.

Qualifications

• 6+ years of actuarial experience.
• FSA designation or ASA with additional years of actuarial experience.
• Experience with pricing annuities and risk analysis is required or highly preferred.
• Knowledge of AXIS is a plus.

Responsibilities

• Perform pricing and risk analysis using vendor or internal pricing tools to model annuity products.
• Collaborate with stakeholders across product management, pricing review, risk management and senior leadership.
• Maintain and enhance actuarial models and tools to support pricing and inforce management.
• Prepare pricing documentation detailing assumptions and methodologies.
• Participate in special projects related to product development, ERM and capital management.

Skills

Actuary

Pricing analysis

Risk analysis

Analytical thinking

Communication

Education

FSA designation

Tools

AXIS

Job description

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

Work Arrangement:

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

Relocation assistance: is not available for this opportunity.

Requisition #: 74788

The Role at a Glance

The Actuary in this role will play an integral part in pricing fixed, fixed indexed, registered index-linked, and variable annuity products in support of Lincoln’s strategic initiatives, working closely with enterprise partners to optimize pricing, primarily post-launch.

The Actuary is ultimately expected to understand the model and the business and uncover key business insight for management. This role will work across business units and functions and will have the opportunity to present to various stakeholders, including product management, pricing review, risk management, and senior leadership.

What you’ll be doing

Pricing and Risk Analysis

• Perform pricing analysis using vendor or internally developed software, analyze pricing results for annuity contract and rider benefits, determine appropriate assumptions, and model product features.
• Analyze and evaluate risk management strategies: understand the impacts of potential changes in product design, investment strategy, reserve and/or capital requirements, and hedging strategies on product risk and profitability.
• Collaborate with key stakeholders on strategies to meet or exceed profitability or sales objectives.
• Present results to team members, key business partners, and management.

Actuarial / Technical Support

• Maintain existing actuarial models and tools and proactively identify and implement improvements.
• Develop tools and support product team according to business needs.

Special Projects

• Participate in ad hoc projects related to product development, implementation, inforce management, and corporate risk management initiatives such as ERM and capital management.

Pricing Documentation

• Prepare reports summarizing pricing analysis and results, including documentation of assumptions and methodology.

What we’re looking for

• Driven and resourceful problem-solver with strong technical and critical-thinking skills.
• Comfort collaborating and communicating across various teams and levels of seniority.
• Curiosity and comfort asking questions and challenging the status quo.
• Capability to be productive in a dynamic environment with changing priorities and responsibilities.
• 6 years of experience in Actuarial positions.
• FSA designation or ASA designation with additional years of actuarial experience.
• Understanding of capital markets and financial instruments (assets and derivatives) that support Annuity products.
• Knowledge of AXIS is a plus.

Application Deadline

Applications for this position will be accepted through December 12th, 2025 subject to earlier closure due to applicant volume.

What’s it like to work here?

At Lincoln Financial, 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 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

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.

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 (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services.

With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach.

Lincoln Financial Distributors, a broker-dealer, is the wholesale distribution organization of Lincoln Financial. Lincoln Financial is the marketing name for Lincoln Financial Corporation and its affiliates including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Lincoln Financial affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice.

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.

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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 are considered property of Lincoln Financial and are not subject to payment of agency fees.

Lincoln Financial (“Lincoln” or “the Company”) 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, age, national origin or disability. Opportunities throughout Lincoln are available to employees and 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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