VP, Retirement Pricing & Risk — Strategy Leader

Lincoln Financial; Radnor (Delaware County); Hybrid; USD 217,000 - 347,000; Full time

Benefits offered by this job

PTO/parental leave

Competitive 401K

Free financial counseling

Tuition assistance

Job summary

Lincoln Financial is seeking a VP, Retirement Plan Services Pricing & Risk to provide strategic leadership for pricing processes and risk management across the Retirement Plan Services business. You will shape pricing models, evaluate market environments, and drive profitable, competitive solutions aligned with Lincoln’s strategic plan.

You will collaborate with senior stakeholders, oversee pricing assumptions, and guide actuarial evaluation of new products, including fixed annuities and NAV/GVA

Qualifications

• 12+ years actuarial experience aligned with the responsibilities.
• 5+ years of management, strategy, and influencing senior management/critical stakeholders experience.
• 4 Year/Bachelor's degree or equivalent work experience.
• FSA designation or ASA designation with additional years actuarial experience.

Responsibilities

• Develops and articulates effectively the strategic vision for the pricing of Retirement Plan Services (RPS) solutions.
• Establishes RPS organizational goals, objectives, and operating procedures with regards to pricing models, pricing strategy and risk management.
• Ensures the effective implementation, integration, and execution of Retirement Plan Services initiatives with regards to pricing and risk management.
• Ensures RPS pricing is aligned with the business unit and Lincoln Financial Group’s (LFG) overall business plans and specific strategic and tactical initiatives.
• Contributes an integrated RPS pricing strategy that includes an assessment of internal/external market environments and an understanding of internal and industry risk tolerances to identify new engines of growth to optimize LFG’s profitability.
• Drives profitable, competitive and sustainable RPS solutions including demonstrating measurable enhancement of profitability and/or consumer value within defined risk tolerance and capital thresholds while meeting annual target goals.
• Monitors economic, market, and peer pricing/risk management trends/activities for RPS products to assess competitive opportunities in the marketplace.
• Provides strategic thought leadership, market views and savvy pricing expertise to executive management and key business stakeholders on strategies and associated risks based on thorough trend, sector, and market analysis.
• Responsible for the development of pricing models and the underlying assumptions of all RPS products consisting of our Full-Service retirement business (both a GVA and NAV platform), DCIO, IRA and other products
• Leads the effective collaboration and influencing of key stakeholders and leadership on strategic plan for product profitability, product positioning, risk management, and competitive advantage in the market to holistically optimize profitability objectives for the company
• Oversees the development and communication of all key pricing assumptions, financial models, and risk management elements of product design to all key stakeholders to ensure understanding of new products features and risk profiles
• Leads the risk and actuarial evaluation of new strategic products and solutions
• Leads the Interest crediting rate setting process for all our fixed annuity / stable value products
• Leads the communication of complex strategies in actionable language for key business partners
• Leads the collaboration of key risk management areas to strategically drive discussion and adoption on new assumptions and new risk management techniques
• Provide thought leadership by identifying, recommending and evaluating innovative and effective risk management/hedging strategies which have substantial financial impact
• Represent RPS’ needs and viewpoints on inter-departmental committees focused on risk, pricing and assumption governance
• Evaluates and provides strategic guidance to senior management on the impact of changes in Statutory Accounting, GAAP Accounting, International Accounting Standards, and Risk Based Capital on product design and profitability

Skills

Actuarial experience

Leadership / management

Bachelor's degree

FSA/ASA designation

RPS pricing familiarity

Education

Bachelor's degree

4 years of experience in lieu of degree

Job description

Lincoln Financial is seeking a VP, Retirement Plan Services Pricing & Risk to provide strategic leadership for pricing processes and risk management across the Retirement Plan Services business. You will shape pricing models, evaluate market environments, and drive profitable, competitive solutions aligned with Lincoln’s strategic plan.

You will collaborate with senior stakeholders, oversee pricing assumptions, and guide actuarial evaluation of new products, including fixed annuities and NAV/GVA