Associate Actuary, Variable Annuity & RILA Valuation at Lincoln Financial Radnor, PA

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

Benefits offered by this job

Competitive compensation

PTO/parental leave

Tuition assistance program

Leadership development opportunities

Job summary

Lincoln Financial is hiring an Associate Actuary, focusing on variable annuities and RILA valuation in Radnor, PA. The role involves participating in the Actuarial Development Program, which helps develop essential skills through various rotations.

Qualified candidates are expected to have 5+ years of actuarial experience, with a commitment to obtain the FSA designation. This position includes a competitive salary range and benefits, supporting career growth in an inclusive environment.

Qualifications

• 5+ years of actuarial experience.
• Demonstrated accountability.
• Driven and motivated to produce high-quality work.
• Commitment to obtaining FSA designation.

Responsibilities

• Produce statutory reserves and capital results.
• Partner with Market Risk Management.
• Develop modeling software expertise.
• Collaborate across teams including Accounting and Financial Planning.

Skills

Actuarial experience

Strong execution skills

Time-management skills

Self-starter

Accountability

Education

ASA designation

Tools

AXIS modeling

Dataiku

Tableau

Job description

Associate Actuary, Variable Annuity & RILA Valuation

Location: Radnor, PA. 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 – employee will work 3 days a week in a Lincoln office. Relocation assistance: not available. Requisition #: 74925.

The Role at a Glance

The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates the company’s commitment to creating highly qualified business leaders. As an ADP participant, you’ll be able to explore your unique interests while developing essential actuarial, technical, management, communication, and leadership skills to succeed.

The ADP includes a series of rotations, typically every 18‑24 months, with roles in different business areas such as Life and Annuities, Retirement and Group Protection. Experience gained will enable participants to become well-rounded actuaries with knowledge in 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 supports you as you work toward your FSA and provides the training and resources needed to become a well‑rounded actuarial leader.

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.

Responsibilities

• Produce statutory reserves and capital results under VM‑21 for reporting and Lincoln’s variable annuity hedging program.
• Partner with Market Risk Management to report the VA and RILA MRB results under LDTI.
• Develop modeling software expertise in GGY‑AXIS for variable annuities and RILA products.
• Build on existing automation efforts within Dataiku and Tableau to increase efficiency, reduce the potential for error, and improve presentation of results.
• Collaborate with the Capital Management area to build new tools and processes to gain further insights into VA capital.
• Work cross‑functionally with other teams, including Accounting, Financial Planning and Analysis (FP&A), Market Risk Management (MRM), Model Development, Pricing, Audit, ERM, Investments, Capital Management, and the Qualified Actuary team.

Qualifications

• 5+ years of actuarial experience.
• Demonstrated accountability.
• Strong execution and time‑management skills.
• Driven and motivated to produce high‑quality work and meet reporting deadlines.
• Self‑starter with ability to work independently.
• ASA designation with commitment to continued progress toward obtaining the FSA designation within the expectations of the Actuarial Development Program.
• AXIS modeling experience strongly preferred.

Application Deadline

Applications for this position will be accepted through September 15th, 2025 subject to earlier closure due to applicant volume.

Benefits

• 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.

Pay

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.

Company Statement

Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. With a 120‑year track record of expertise and integrity, millions of customers trust our solutions and services to help put their goals in reach. 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.

Fraud Awareness

Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. Lincoln will not ask applicants to provide social security numbers, date of birth, bank account information, or other sensitive information in job applications. Lincoln’s recruiters do not communicate with applicants through free e‑mail accounts or conduct interviews utilizing video chat rooms. We will never ask for payment during the hiring process or extend an offer without conducting a phone, live video or in‑person interview. Please contact Lincoln’s fraud team at [e-mail] if you encounter a recruiter or see a job opportunity that seems suspicious.

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. Any unsolicited resumes or candidate profiles submitted through our website or to personal e‑mail accounts of Lincoln employees are considered property of Lincoln and are not subject to payment of agency fees. This Employer participates in E‑Verify. See the E‑Verify notices.