Associate Actuary, Annuity Pricing

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

Benefits offered by this job

Career tracks and job levels

Leadership development

PTO/parental leave

401K and benefits

Tuition assistance

Financial counseling

Job summary

Lincoln Financial Group is seeking a high-potential Actuary to join the Actuarial Development Program (ADP) in a hybrid role based near Radnor, PA. You will rotate through Life, Retirement and Group Protection, gaining actuarial, technical, management and leadership experience across multiple business areas.

You’ll perform pricing analyses for diverse retail annuities, contribute to product development and risk management, and collaborate with cross‑functional partners to deliver insights and

Qualifications

• 4 Year/Bachelor’s degree (or equivalent) (Minimum Required)
• 3-6+ years of actuarial experience
• ASA designation preferred
• Strong technical, analytical, and critical-thinking skills.
• Capability to be productive in a dynamic environment with changing priorities and responsibilities.

Responsibilities

• Pricing/Risk Analysis: Perform pricing analysis across retail annuity products using vendor and internal tools.
• Special Projects: Participate in ad hoc initiatives related to product development and pricing modeling.
• Analytical/Technical Support: Maintain and develop tools/models to support new capabilities and improve accuracy.
• Pricing Documentation: Document processes, tools, assumptions, and key decisions.
• Collaboration & Communication: Present results to team members, stakeholders, and management.

Skills

Actuarial analysis

Analytical skills

Communication skills

Collaboration

Problem solving

Education

Bachelor’s degree

Tools

MG-ALFA

Axis

Prophet

Dataiku

R

Tableau

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 #:76819

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.

The primary purpose of the Associate Actuary, Annuity Pricing role is performing ad hoc pricing analysis for retail annuity products, including fixed, fixed indexed, registered index-linked, and variable annuity products.

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

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.

What you'll be doing

• Pricing/Risk Analysis: Perform foundational and exploratory pricing analysis across Lincoln’s suite of retail annuity products (including registered index-linked annuities, fixed annuities, fixed indexed annuities, and variable annuities) using vendor software and internally developed software and tools.
• Special Projects: Participate in ad hoc initiatives related to product development, implementation, assumption setting, pricing modeling, corporate risk management initiatives such as ERM and capital management, and other strategic projects.
• Analytical/ Technical Support: Maintain existing tools/models and develop new tools or methodologies as needed to support new capabilities or improve accuracy and efficiency.
• Pricing Documentation: Prepare documentation of processes, tools, assumptions, and/or key decisions made.
• Collaboration & Communication: Collaborate with business partners on various initiatives. Present results to team members, key stakeholders, and management.

What we’re looking for

• 4 Year/Bachelor’s degree (or equivalent) (Minimum Required)
• 3-6+ years of actuarial experience
• ASA designation preferred
• Strong technical, analytical, and critical-thinking skills.
• Capability to be productive in a dynamic environment with changing priorities and responsibilities.
• Motivated and collaborative with an optimistic outlook
• Effective written and verbal communication skills.

Application Deadline

Applications for this position will be accepted through December 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
• 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$94,875 - $151,800with 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.

Follow us on Facebook, X, LinkedIn, Instagram, and YouTube. For the latest company news, visit our newsroom.

Additional Information

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 [phone].

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

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