Actuary, Life Complex Reinsurance Administration & Monitoring

Lincoln Financial; Austin (TX); Remote; USD 80,000 - 120,000; Full time

Job summary

A financial services company is seeking a data-driven actuary to develop and maintain strategic reinsurance processes. The ideal candidate will have 5-7 years of experience in actuarial science or financial reporting. Responsibilities include overseeing administration and monitoring of transactions and leading the development of data processes. This is a remote role available to candidates across the United States.

Qualifications

• 5-7+ years experience in actuarial science, accounting, or financial reporting
• Proficiency in model development and accounting system development
• Ability to evaluate trends in data

Responsibilities

• Develops and maintains administration for strategic reinsurance transactions
• Leads development of efficient data processes and reconciliation reports
• Researches problems and questions from stakeholders across the organization

Skills

Model development

Process development

Financial reporting

Problem-solving

Complex information analysis

Education

4 Year/Bachelor's degree or equivalent work experience

FSA or ASA certification

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: Remote : Work at home employee residing outside of a commutable distance to an office location.

Relocation assistance: is not available for this opportunity.

The Role at a Glance

The Life Reinsurance team at Lincoln is responsible for coordinating reinsurance administration, execution, and monitoring efforts across Lincoln’s Life Solutions organization. This expanding team is looking to onboard a data-driven actuary to develop and maintain strategic reinsurance administration and monitoring processes.

What you'll be doing

• Develops and maintains administration and monitoring infrastructure for strategic reinsurance transactions within the Individual Life line of business.
• Surveys upstream data providers and downstream data customers to develop understanding of how reinsurance data is used throughout Lincoln’s information ecosystem.
• Leads development of data processes and reconciliation reports that are efficient, tractable, and instill confidence in the integrity of results for downstream stakeholders and auditors.
• 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.
• Leads actuaries to transform prior models or develop new models as needed to allow for side-by-side comparison of settlement line items, financial indicators, and deal performance drivers.
• Creates historical reviews on strategic reinsurance transactions, presenting findings to key stakeholders, and setting expectations of key drivers specific to subject transactions.
• Provides feedback to all parties involved in the reinsurance data ecosystem and uses expertise to recognize, probe, and remediate/explain when results are misaligned with expectation.
• Researches problems and questions from stakeholders across the organization, including but not limited to, Accounting, Finance, Life 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, accounting, accounting systems, or financial reporting that directly aligns with the specific responsibilities for this position
• FSA, ASA with additional years of experience
• Proficiency and proven ability in model development, process development, or accounting system development.
• 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.

Equal Opportunity Employer

Lincoln Financial Group 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, veterans status, or genetic information.