Associate Actuary, Life Model Transformation

Lincoln Financial; Radnor (Delaware County); Hybrid; USD 80,000 - 145,000; Full time

Benefits offered by this job

Bonuses on exams

Study time allowances

Exam fee reimbursement

Mentors

Career development

Job summary

Lincoln Financial offers an Actuarial Development Program that rotates across Life, Retirement and Group Protection, with strong exam support and mentorship. Participants gain experience in product development, pricing, risk management, and data analytics, while advancing toward ASA/FSA qualifications.

The program emphasizes hands-on modeling, tools like MG-ALFA, Axis, and Tableau, with generous study time and exam reimbursement.

Qualifications

• Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, Data Science, or other quantitative major.
• 3-6 years experience aligning with responsibilities for this position.
• At least 7 actuarial exams passed; typically ASA progressing toward FSA.

Responsibilities

• Model Conversion: Convert pre-PBR stat reserve models from MG-Triton to Integrate and refine validation tools.
• Model Transformation: Streamline valuation and financial projection processes across teams.
• Documentation: Maintain robust conversion and model enhancement documentation and follow change management procedures.

Skills

Collaboration

Problem-solving

Communication

Adaptability

Education

Actuarial Science or quantitative degree

Tools

MG-ALFA/Integrate

MG-Triton

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 Preferred : Preferred employee will work 3 days a week in a Lincoln office

Relocation assistance:

is not available for this opportunity.

Requisition #:

74773

The Role at a Glance

The Actuarial Development Program

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, Reinsurance, Inforce Management, Valuation, Financial Projections, Risk Management, Financial Planning & Analysis, Financial Strategy & Management, Appointed Actuary, Experience Studies, Modeling and Data Analytics & Actuarial Transformation.

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

The Role at a Glance

This position will serve as a technical resource to execute life actuarial model transformation initiatives. In this role, you will focus on modernizing the in-force life modeling infrastructure and processes.

What you’ll be doing

Model Conversion

• Collaborate with the team to convert pre-PBR stat reserve models from MG-Triton to Integrate
• Refine independent model validation tools, suitable for reasonableness review and audit of actuarial models and reserve calculations
• Identify and explain differences in results between modeling software systems
• Validate models using multiple sources for accuracy and reliability
• Partner effectively with stakeholders including Valuation production teams, Valuation Qualified Actuary, and the Appointed Actuary to understand pre- and post-model data needs

Model Transformation

• Recommend and implement solutions to streamline valuation and financial projection processes
• Collaborate across teams to enhance accuracy of projections
• Provide guidance on structure of actuarial models, including inputs and outputs

Documentation

• Maintain robust conversion and model enhancement documentation
• Collaborate with Model Governance teams to follow established change management procedures

What we’re looking for

Must-haves

• Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, Data Science, or other quantitative major
• 3-6 Years’ experience that aligns with the responsibilities for this position
• At least 7 actuarial exams passed; typically has ASA designation, progressing towards FSA designation

Nice-to-haves

• oActuarial modeling software such as MG-ALFA/Integrate and MG-Triton
• Life reserving methodologies
• Demonstrates strong problem-solving skills
• Ability to work independently and collaboratively across teams
• Comfort asking questions and challenging the status quo, and critical thinking with an eye for innovation
• Capability to quickly learn new concepts

Application Deadline

Applications for this position will be accepted through October 15th, 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 $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.

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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