Associate Actuary, Annuity Model Development

Lincoln Financial Group; Radnor (Delaware County); Hybrid; USD 95,000 - 152,000; Full time

Benefits offered by this job

Generous study time allowances

Exam fees reimbursement

Mentorship and career development

Networking opportunities

Job summary

The Actuarial Development Program (ADP) at Lincoln Financial Group is a premier, rotation-based program designed to develop actuaries into leaders. Participants gain exposure to Life, Annuity, Retirement and Group Protection, with hands-on experience in modeling, valuation, and risk management across multiple rotations.

You'll work with industry-standard tools such as AXIS, MG-ALFA, Prophet, Dataiku, R, and Tableau, supported by mentors and generous study time, with salary and bonuses tied to

Qualifications

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

Responsibilities

• Develop fixed and fixed index annuity models to support key processes.
• Document, review, and validate model developments and enhancements.
• Gain understanding of AXIS fixed and fixed index annuity models and applications.
• Collaborate on the development of end user tools to support model validation and analysis.
• Ensure proper documentation and validation of model developments and enhancements.

Skills

Actuarial experience

Communication skills

Team player

Actuarial modeling

Education

ASA designation

Tools

MG-ALFA

Axis

Prophet

Dataiku

R

Tableau

Python

SQL

Excel VBA

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 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.
• Ensure proper documentation, review, and validation of model developments and enhancements.

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 November 20th, 2026 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
• 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 $94,875 - $151,800 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.

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 .

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

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