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Lead Actuary, Pricing - Executive Benefits

Lincoln National

RemoteRadnor, PASeniorH-1B sponsor company
Sign in to applyVerified
Location
Radnor, PA
Work model
Hybrid
Level
Senior
H-1B history
22 approvals (FY2023)

About this role

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

Listing verified . Applications go through the company's official careers site.

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