Lead Actuary, Pricing - Executive Benefits

Lincoln Financial; Radnor (Delaware County); Hybrid; USD 120,000 - 193,000; Full time

Benefits offered by this job

PTO/ parental leave

Competitive 401K and benefits

Tuition assistance program

Leadership development opportunities

Work arrangement flexibility

Job summary

Lincoln Financial is seeking a seasoned actuary to provide pricing support for Executive Benefits products, including COLI/BOLI and PPLI. The role involves designing, modeling, and setting assumptions for new and in-force products, with regular profitability analysis and regulatory considerations.

You will collaborate with product management, pricing review, risk management, and leadership while using MG-ALFA and Andesa tools to build and explain pricing strategies.

Qualifications

• 6+ years of experience in Actuarial positions.
• FSA credential preferred.
• MG-ALFA modeling experience preferred; Andesa knowledge is a plus.
• Strong technical skills and ability to collaborate across teams.

Responsibilities

• Perform pricing analysis for EB contracts and rider benefits (COLI/BOLI and PPLI).
• Determine assumptions and modeling for new product features.
• Develop pricing strategies and consult on actuarial models and risk issues.
• Collaborate with product development and distribution for profitability and sales goals.
• Run complex pricing models using MG-ALFA and Andesa; present results to stakeholders.
• Analyze risk management strategies and reserve/capital requirements.
• Maintain actuarial pricing models and support regulatory compliance for EB products.
• Prepare reports and presentations detailing pricing analyses and methodologies.
• Participate in ad hoc projects related to product development and risk management.

Skills

Pricing analysis

Risk analysis

Actuarial modeling

Cross-functional communication

Education

FSA credential

Tools

MG-ALFA

Andesa

Job description

What You'll Be Doing

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 #

76642

The Role at a Glance

The primary purpose of this role is pricing support for Lincoln's Executive Benefits (EB) products, including COLI/BOLI and PPLI. You will contribute to the design, modeling, assumption setting, analysis, and state filing/regulatory compliance for new products, as well as regular rate-setting (crediting rates) and profitability analysis for existing, inforce products. You will have the opportunity to present your work to various stakeholders, including product management, pricing review, risk management, and senior leadership. You will work on products developed in partnership with the EB distribution team and will work across business units and functions, including finance and enterprise risk management.

What You'll Be Doing

Pricing Analysis

• Perform pricing analysis for new/redesigned Executive Benefits contracts and rider benefits, including COLI/BOLI and PPLI products.
• Determine appropriate assumptions and how to model new product features.
• Develop pricing strategies and provide consultation/clarification on actuarial models and risk issues.
• Collaborate with the product development and distribution teams on product design to meet or exceed profitability and sales objectives.
• Direct, develop, and/or run complex pricing models and analysis using MG-ALFA and product illustration software (Andesa) for EB contracts and rider benefits.
• Present results of analysis to team members, key business partners, and management.

Risk Analysis

• Analyze risk management strategies, and various reserve and capital requirements.
• Evaluate the impact of potential product design changes on the reserve and/or capital requirement, profitability, and tail risks.

Actuarial/ Technical Support

• Maintain existing actuarial pricing models and tools, and proactively identify and implement improvements. Develop tools and support product/relationship managers according to business needs.
• Provide actuarial support for state filing, tax qualification, and regulatory compliance for EB products.

Pricing Documentation

• Prepare reports and presentations summarizing pricing analysis and results, including crediting rates, and documentation of assumptions and methodology.

Special Projects

• Participate in ad hoc projects related to product development, implementation, inforce management, and corporate risk management initiatives.

What We’re Looking For

• 6+ years of experience in Actuarial positions
• Preferred to have FSA credential
• MG-ALFA modeling experience preferred; experience with product illustration software (e.g., Andesa) a plus
• Strong technical skills
• Comfort working with and communicating across various teams and levels of seniority
• Capability to be productive in a dynamic environment with changing priorities and responsibilities

Application Deadline

Applications for this position will be accepted through November 25th, 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 $120,375 - $192,600 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.

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].

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