Work Arrangement:
Hybrid/Flexible : Work at home and use the office as appropriate for in-person collaboration.
Relocation assistance: is not available for this opportunity.
Requisition #: 73322
The Role at a Glance
As an Associate, Actuarial Support, you will be part of a collaborative team and assist in the development of tools that the underwriting team and the sales organization will use for pricing group insurance products: LTD, STD, Life, etc. You will participate in the success of implementing the underwriting pricing tools. In addition, you will provide routine analytical support to actuarial staff by performing data analyses and supporting actuarial research.
What you'll be doing
- Develop and implement high quality, robust pricing tools for the underwriters and the sales organization to price group insurance products.
- Participate in key discussions with various levels of management across Underwriting, Sales, Pricing, and IT to develop and maintain the pricing tools.
- Follow pricing tool standards and programming best practices.
- Ensure documentation of the tool design, coding, implementation, and training is kept up to date and available to onboard additional resources as needed.
- Implement data structures, database functions and procedures, and tool development methodologies with separation of concerns.
- Code and implement actuarial pricing formulas and strategies in the pricing tools.
- Learn and work with actuarial pricing methods and assumption development methods.
- Provides routine analytical support to actuarial staff by preparing and analyzing data to be used in actuarial calculations and/or models.
- Maintain awareness of developments in the actuarial and technology industries.
- Learn and build proficiency in SQL, data management, and Dataiku.
- Learn and build proficiency in Excel Formulas and Visual Basic for Applications.
- Learn and build proficiency in .NET, primarily VB.NET but may include C#. This includes learning GITLAB and Visual Studio.
- Learn Group Insurance pricing methodologies. Translate such strategies into requirements. Ultimately, transform them into user interfacing tools.
- Work in a very collaborative team environment.
- You do not have to travel 50%. However, once or twice a year the team may get together and do some general development and training.
What we're looking for
Must-Haves:
- 0-1+ years of experience
- 4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's)
Nice-to-haves:
- Technical skills in SQL & VBA with the desire to take these skills to the next level.
- Experience working with version control systems (Git, etc.) preferred but not required.
- Experience with group insurance pricing/valuation/analytics preferred.
- Experience with the software development life cycle preferred.
- Curiosity and demonstrated capability to quickly learn new concepts.
- Strong analytical, problem solving, and communication skills.
- An entrepreneurial mindset willing to take the lead and own key design decisions.
- Ability to think critically, identify potential challenges, discuss solutions, and validate results.
- Work with a sense of urgency while maintaining appropriate attention to detail and accuracy.
- Effective verbal and written communication.
Application Deadline
Applications for this position will be accepted through July 29th, 2024 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
- PTO/parental leave
- Competitive 401K and employee benefits
- 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 $42,300 - $75,500 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 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.
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Be Aware of Fraudulent Recruiting Activities
If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. 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. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.
Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide 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 fraudhotline@lfg.com 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, 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 Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.
Lincoln Financial Group ("LFG") 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 (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information. 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 260-455-2558.
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