AVP, Annuity Model Development - AXIS (Remote Consideration)

Lincoln Financial Group; Radnor (Delaware County); Remote; USD 125,000 - 230,000; Full time

Job summary

An established industry player is seeking an AVP for Annuity Model Development to lead a talented team of actuaries. This role focuses on enhancing Annuity and Retirement models for financial reporting, projections, and strategic projects. The ideal candidate will possess extensive actuarial experience, strong leadership skills, and proficiency in AXIS modeling. Join a collaborative environment where innovation and process improvement are encouraged, and make a meaningful impact on the company's financial strategies while enjoying a flexible remote work arrangement and comprehensive benefits.

Benefits

Tuition assistance program

Free financial counseling

Health coaching

Employee assistance program

Leadership development opportunities

Flexible work hybrid situations

Effective productivity tools

Qualifications

• 12+ years of actuarial experience with 5+ years in leadership roles.
• FSA or ASA designation with extensive Annuity modeling experience.

Responsibilities

• Lead a team to enhance Annuity product modeling and processes.
• Communicate complex modeling topics to various stakeholders.

Skills

Actuarial experience

Leadership skills

Modeling Annuity products

Regulatory frameworks knowledge

AXIS proficiency

Project management

Analytical skills

Communication skills

Education

Undergraduate degree in Actuarial Science or related field

Tools

SQL

Dataiku

Tableau

Job description

AVP, Annuity Model Development - AXIS (Remote Consideration)

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

Work Arrangement: Remote: Work at home employee residing outside of a commutable distance to an office location.

Relocation assistance: is not available for this opportunity.

Requisition #: 74238

We’re excited to bring on an AVP, Annuity Model Development. In this role you will be responsible for leading a team of actuaries to improve and maintain our Annuity and Retirement models used for various purposes including US GAAP, US Statutory and Bermuda reporting, ALM/CFT projections, Pricing, Financial Planning, and financial analysis for enterprise strategic projects. The individual will be responsible for development and maintenance of AXIS models as well as the planning, execution, and communication of modeling impacts to stakeholders across the company.

What you'll be doing

• Lead a team to develop and enhance Annuity product modeling and surrounding processes, and utilize advanced modeling techniques in AXIS
• Partner with external stakeholder groups including: Valuation Actuary, Appointed Actuary, Qualified Actuary, Finance, Accounting, Audit, Product Development, and Risk Management to implement model changes corresponding to new product features and releases, regulatory requirements, assumption, and model logic updates.
• Provide technical expertise and leadership overseeing changes to the Centralized Annuity actuarial models
• Ensure rigorous governance, documentation, and validation/review standards are executed and model changes are appropriately checked and approved
• Communicate effectively on complex modeling topics to audiences of various levels
• Influence strategic decision making by providing modeling expertise and thought leadership to senior leadership and peer level stakeholders across the company
• Introduce and encourage innovation, improvements, and efficiencies in the models and surrounding processes

What we’re looking for

Must-have:

• 12+ years of increasing actuarial experience, including 5+ years of demonstrated leadership experience influencing senior management/critical stakeholders
• FSA designation or ASA designation with additional years’ actuarial experience
• Extensive experience with modeling Annuity products (Variable Annuity with/without living benefits, Registered Indexed Linked Variable Annuity (RILA), Fixed Indexed Annuity, Fixed Annuity, and Payout Annuity)
• Strong understanding of regulatory/accounting/capital frameworks (STAT/GAAP/Tax, LDTI, RBC, EC, etc.) and general insurance business knowledge
• Understanding of capital markets and financial instruments (assets and derivatives) that support Annuity products
• Modeling skills: expert level proficiency in AXIS
• Demonstrated strong relationship management skills with internal clients; proven ability to develop creative and collaborative approaches; can influence outcomes without directing or commanding.
• Demonstrated strong project management leadership skills including critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
• Analytical skills: ability to think critically, identify, and solve potential challenges
• Excellent oral and written communication skills, adaptable to a wide variety of audiences throughout Lincoln’s organizational structure
• Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major is required.

Nice-to-have:

• Technical and programming skills in database, analytical, and business intelligence tools, such as SQL, Dataiku, Tableau, etc.
• Demonstrated history of innovation and process improvement

Application Deadline

Applications for this position will be accepted through May 31st, 2025 subject to earlier closure due to applicant volume.

What’s it like to work here?

At Lincoln Financial Group, 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 Lincoln leadership Attribute.
• Leadership development and virtual training opportunities
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations
• Effective productivity/technology tools and training
• The pay range for this position is $125,800 - $229,100 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.

About The Company

Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.

Lincoln is committed to creating a diverse and 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.