Associate Actuary, Annuity Model Development

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 #: 76088

The Role at a Glance

The ADP Program Overview

The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial' s commitment to creating highly qualified business leaders. As an ADP participant, you'll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed. The Actuarial Development Program includes a series of rotations, typically every 18-24 months. For each rotation, roles are available in different business areas including Life and Annuities, Retirement and Group Protection. Experience gained will enable participants to become well-rounded actuaries with knowledge that may include Product Development, Pricing, Valuation, Modeling, Risk Management, Asset Liability Management, Investments, Data Analytics, and Internal Audit.


ADP participants are expected to pass the Society of Actuaries' exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well-rounded actuarial leader.


Additional Program Highlights:

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, 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


We're excited to bring on an Actuarial Development Program student to play an integral role focused on developing industry-leading model capabilities. The individual will work with modeling leads and stakeholders to perform model development and testing in the AXIS fixed and fixed index annuity models.

What you'll be doing
• Perform development of the fixed and fixed index annuity models to support critical business processes, including Stat, GAAP, Tax Reserve, Asset Adequacy Testing, Asset/Liability Management, Financial Plan, Bermuda BEL, and Economic Capital projections.
• Ensure proper documentation, review, and validation of model developments and enhancements.
• Gain a thorough understanding of the existing AXIS fixed and fixed index annuity models and its applications.
• Collaborate on the development of end user tools to support model validation and analysis.
• Ensure proper documentation, review, and validation of model developments and enhancements.

What we're looking for

Must have
• 3-6+ years of actuarial experience
• Experience with Life and/or Annuity products
• Actuarial modeling and/or valuation experience, preferably in GGY-AXIS or comparable actuarial modeling software
• Effective communication skills
• Works well in a team environment


Nice to have
• ASA designation from Society of Actuaries
• Familiarity with regulatory/accounting/capital frameworks (STAT/GAAP/Tax, CFT/ALM/RBC, Bermuda BEL)
• Experience pricing annuity products and/or working on Cash Flow Testing, Financial Plan, and ALM projections
• Competency with Python, SQL, and/or Excel VBA
• Experience working with business intelligence tools (e.g. Tableau)
• History of innovation and process improvement


Application Deadline

Applications for this position will be accepted through November 20th, 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 attributes
• 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
• Work arrangements that work for you
• Effective productivity/technology tools and training

The pay range for this position is $94,875 - $151,800 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 (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services.


With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach.


Lincoln Financial Distributors, a broker-dealer, is the wholesale distribution organization of Lincoln Financial. Lincoln Financial is the marketing name for Lincoln Financial Corporation and its affiliates including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Lincoln Financial affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice.


Lincoln is committed to creating an 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 View email address on click.appcast.io 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 are considered property of Lincoln Financial and are not subject to payment of agency fees.

Lincoln Financial ("Lincoln" or "the Company") 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, age, national origin or disability. Opportunities throughout Lincoln are available to employees and 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 View phone number on click.appcast.io.

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