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AVP, Advanced Analytics and Modeling Solutions, Annuity Solutions (Remote Consideration)

Company: Lincoln Financial Group
Location: Austin
Posted on: May 28, 2023

Job Description:

Alternate Locations: Hartford, CT (Connecticut); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Radnor, PA (Pennsylvania); Work from Home
Work Arrangement:
Hybrid/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.
Relocation assistance: is not available for this opportunity.
Requisition #: 71444
The Role at a Glance
This position will support advanced pricing and risk analytics for index annuities (variable and fixed), and traditional variable annuities with guarantees. You will design and oversee implementation of innovative modeling solutions to determine key drivers and assess impacts to profitability and risk metrics for deeper insights. You will communicate results to stakeholders, serve as a subject matter expert and provide thought leadership. You will elevate analytics bench strength, drive efficiency, and minimize model risk through continuous improvement in our infrastructure and processes. You will lead analyses relating to changes in investment options, hedging strategies, regulatory/ accounting requirements, various assumptions, and more. This position offers high visibility to senior management, collaborating across Annuities and well beyond.
What you'll be doing

  • Advance modeling infrastructure in projecting annuity product earnings stochastically, with more robust reflection of evolving hedge strategy and capital management

  • Analyze risk management strategies, such as hedging and reinsurance, and their impact on product risk and profitability.

  • Lead R&D and analysis of new/ upgraded investment options, e.g., custom indices and index account payoffs/ crediting rate strategies, risk managed funds.

  • Partner with Market Risk Management (Corporate hedging team) to advance hedge strategies.

  • Design and implement customized modeling solutions to analyze complex actuarial issues and strategic initiatives

  • Advance modeling capabilities by utilizing / championing leading edge data analytics platforms to build customized tools, e.g. Dataiku, Tableau, Python

  • Develop subject matter expertise in our pricing models, capital market and actuarial assumptions, and advise stakeholders on modeling and risk issues

  • Provide thought leadership and insights on Distributable Earnings impact from product changes, regulatory changes, and different capital standards

  • Lead Assumption Governance and modeling solutions for new business

  • Partner across functional areas to support actuarial software conversion to AXIS

  • Proactively identify opportunities and implement enhancements to the annuity pricing infrastructure that significantly reduce workloads, improve runtime or reduce model risks

  • Advance and maintain computing resources for Annuity Solutions, partnering with IT and supporting model users, e.g., onboarding hardware, supporting High Performance Computing grid, and troubleshooting.

  • Drive competitive advantage consistent with enterprise long-term strategy of increasing distributable earnings and diversifying sources of earnings.

  • Serve as a subject matter expert and leverage industrial trends to provide comprehensive and holistic guidance on risk management strategies and modeling innovations.

  • Recommend resource prioritization by evaluating cost benefit trade-offs strategically.

  • Lead, manage and develop team members, and influence key business partners to think strategically and execute on assigned projects efficiently and effectively.

    What we're looking for

    • 12+ years of actuarial experience (typically FSA designation)

    • Significant experience with annuity products and actuarial modeling

    • Strong understanding of regulatory/accounting/capital frameworks (STAT/GAAP/Tax, RBC, EC)

    • Solid foundation of capital markets and financial instruments (assets and derivatives) that support annuities

    • Demonstrated success in providing strategic and holistic thought leadership

    • Demonstrated success in balancing and pivoting across projects with shifting priorities

    • Strong relationship management skills across functional areas, including senior management and peers

    • Experience in managing and developing actuarial/ risk management professionals


      • Experience in advanced modeling/ analytics, financial engineering and market risk analysis

      • Competency with R, Python, SQL, Excel VBA, Tableau

      • Demonstrated ability to identify, develop and implement processes improvements.

      • Demonstrated ability to promote continuous improvement practices and collaborations

      • Commitment to continuous learning and individual and team development

      • Find common ground and gain collaboration among management, colleagues and peers; influence outcomes without directing or commanding.

        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:

        • A clearly defined career framework to help you successfully manage your career

        • 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

          Pay Range: $138,001 - $251,200
          Actual base pay could vary 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, a Fortune 200 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas - Life Insurance, Annuities, Retirement Plan Services and Group Protection - focus on supporting, preserving and enhancing over 17 million customer's lifestyles and retirement outcomes.
          Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $324 billion in end-of-period account values as of June 30, 2021.
          Ranked one of the Best Large Employers in America and Best Employers for Women by Forbes magazine as well as one of Newsweek's Most Responsible Companies, Lincoln Financial Group makes a serious investment in our employees' futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.
          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.
          Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Follow us on Facebook ( , Twitter ( , LinkedIn ( , and Instagram ( . Sign up for email alerts at
          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 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/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.
          This Employer Participates in E-Verify. See the E-Verify ( notices.
          Este Empleador Participa en E-Verify. Ver el E-Verify ( avisos.
          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, veterans status, or genetic information. Opportunities throughout LFG are available to employees and applicants and are evaluated on the basis of job qualifications. We have a drug free work environment and we perform pre-employment substance abuse testing.

Keywords: Lincoln Financial Group, Austin , AVP, Advanced Analytics and Modeling Solutions, Annuity Solutions (Remote Consideration), Other , Austin, Texas

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