Associate Actuary, Annuity Model Development

Lincoln Financial Group; Radnor (Delaware County); Hybrid; USD 79,601 - 145,100; Full time

Benefits offered by this job

Competitive compensation package

Mentorship opportunities

Tuition assistance program

Job summary

Lincoln Financial Group in Radnor, PA seeks an Associate Actuary for the Actuarial Development Program, focusing on developing annuity models. Candidates should have over 5 years of actuarial experience and familiarity with Life/Annuity products.

This hybrid role expects collaboration with teams while contributing to the enhancement of key business models, alongside professional development opportunities and a competitive compensation package.

Qualifications

• 5+ years of actuarial experience.
• Experience with Life and/or Annuity products.
• Actuarial modeling and/or valuation experience.

Responsibilities

• Perform development of fixed and fixed index annuity models.
• Ensure documentation, review, and validation of model developments.
• Collaborate on end-user tools for model validation.

Skills

Actuarial experience

Experience with Life and/or Annuity products

Actuarial modeling

Effective communication skills

Team collaboration

Education

ASA designation from Society of Actuaries

Tools

GGY-AXIS

Python

SQL

Excel VBA

Tableau

Job description

Associate Actuary, Annuity Model Development

Alternate Locations: Radnor, PA; Charlotte, NC; Fort Wayne, IN; Greensboro, NC; Hartford, CT; Omaha, NE

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

Relocation assistance: is not available for this opportunity.

Requisition #:76088

The Role at a Glance

The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial’s commitment to creating highly qualified business leaders. As an ADP participant, you’ll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed. The Actuarial Development Program includes a series of rotations, typically every 18‑24 months. For each rotation, roles are available in different business areas including Life and Annuities, Retirement and Group Protection. Experience gained will enable participants to become well‑rounded actuaries with knowledge that may include Product Development, Pricing, Valuation, Modeling, Risk Management, Asset Liability Management, Investments, Data Analytics, and Internal Audit.

ADP participants are expected to pass the Society of Actuaries’ exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well‑rounded actuarial leader.

Additional Program Highlights

• Highly competitive compensation package with salary increases and bonuses upon successful exam completion
• Social and training opportunities to enhance skills, network with ADP participants and build long‑lasting industry relationships
• Dedicated leaders and mentors to assist with career development
• Work with actuarial and data science software and technologies including MG‑ALFA, Axis, Prophet, Dataiku, R, and Tableau
• Generous study time allowances for each exam session
• Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program

We’re excited to bring on an Actuarial Development Program student to play an integral role focused on developing industry‑leading model capabilities. The individual will work with modeling leads and stakeholders to perform model development and testing in the AXIS fixed and fixed index annuity models.

What You'll Be Doing

• Perform development of the fixed and fixed index annuity models to support critical business processes, including Stat, GAAP, Tax Reserve, Asset Adequacy Testing, Asset/Liability Management, Financial Plan, Bermuda BEL, and Economic Capital projections.
• Ensure proper documentation, review, and validation of model developments and enhancements.
• Gain a thorough understanding of the existing AXIS fixed and fixed index annuity models and its applications.
• Collaborate on the development of end‑user tools to support model validation and analysis.
• Conduct model testing and analysis to support critical business functions.

What We're Looking For

Must have

• 5+ years of actuarial experience
• Experience with Life and/or Annuity products
• Actuarial modeling and/or valuation experience, preferably in GGY‑AXIS or comparable actuarial modeling software
• Effective communication skills
• Works well in a team environment

Nice to have

• ASA designation from Society of Actuaries
• Familiarity with regulatory/accounting/capital frameworks (STAT/GAAP/Tax, CFT/ALM/RBC, Bermuda BEL)
• Experience pricing annuity products and/or working on Cash Flow Testing, Financial Plan, and ALM projections
• Competency with Python, SQL, and/or Excel VBA
• Experience working with business intelligence tools (e.g., Tableau)
• History of innovation and process improvement

Application Deadline

Applications for this position will be accepted through July 20th, 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
• The pay range for this position is $79,601 – $145,100 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.

Legal and Political Contribution Policy

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.

Equal Opportunity Employer

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.

E‑Verify Participation

This Employer Participates in E‑Verify. See the E‑Verify notices.