Associate Actuary, ERM – Product and Actuarial Risk

Role Overview

• Own production of new business profitability and risk reporting for ERM’s monthly new business tracker and quarterly Product Risk Committee (PRC) exhibits and materials
• Support governance oversight of quality of new business actual and forecasted metrics
• Assist in the review of new product strategies, development, design, pricing, and implementation
• Support assumptions oversight for multiple operations, including assumption development, modeling, annual updates, and risk assessments
• Support the development of risk/return pricing standards and risk management methodologies based on actuarial and capital markets/economic principles
• Establish effective working relationships throughout the organization, both at the corporate level and within the businesses
• Build business and actuarial acumen across various product lines in terms of product knowledge, risk profiles, modeling approach, and reserve requirements
• Monitor and analyze developments in actuarial techniques, laws, regulations, and competitive developments in the marketplace
• Implement process improvements, consistency, governance, controls, and oversight
• Streamline and automate the new business profitability and risk reporting process, leveraging AI tools (Claude / CoPilot)
• Create an ERM new business risk repository / data warehouse to support analytics, strategic insights and decision making
• Support the advancement of high visibility financial metrics and dashboards for use in strategic planning
• Participate in ad hoc projects related to product development, implementation, inforce management, and corporate risk management initiatives
• Assist in the buildout of Lincoln Financials’ risk appetite framework for new business

Requirements

• 3-6 years of actuarial experience
• ASA designation, progressing towards FSA designation
• Strong technical and actuarial skills
• Proficiency with programming and data visualization software (Tableau, Power BI)
• Prior experience in assumption development preferred
• Strong project management skills, including critical ability to coordinate and balance multiple projects in a time-sensitive environment with occasionally changing priorities
• Curiosity, comfort asking questions and challenging the status quo

Tech Stack

• Tableau

Benefits

• Highly competitive compensation package with salary increases and bonuses upon successful exam completion
• Social and training opportunities to enhance skills, network with ADP participants and build long-lasting industry relationships
• Dedicated leaders and mentors to assist with career development
• Work with actuarial and data science software and technologies including MG-ALFA, Axis, Prophet, Triton, Dataiku, R, and Tableau
• Generous study time allowances for each exam session
• Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program