AVP, Corporate Actuary Lead

  • 36484
  • Life - Actuarial
  • |
  • Pennsylvania, United States
  • |
  • Dec 17, 2019
Reinsurance
RESPONSIBILITIES
  • Leads the development and upgrade of the quality of actuarial investigations and evaluation of the financial well-being of the enterprise.
  • Leads in the development of risk/return pricing standards and risk management methodologies based on actuarial and capital markets/economic principles.
  • Assists in the review of new product strategies, development, design, pricing, and implementation.
  • Partners with the ERM leader in the use of Economic Capital (EC) across all risks and helps develops analytics to influence strategy such as potential ALM, investing activities, and management actions
  • Leads to development and expansion of the enterprise model and analytics
  • Implements process improvements, consistency, governance, controls, and oversight.
  • Develops knowledge about company operations, systems, and actuarial methodologies.
  • Continually looks for opportunities to add value to the enterprise by partnering with the businesses on strategic projects.
  • Establishes effective working relationships throughout the organization, both at the corporate level and within the businesses.
  • Acts as a subject matter expert on all product lines in terms of product knowledge, modeling approach, and reserve requirements, and partners with other areas of the organization regarding analysis of industry evolving topics, including economic capital, principles based reserves/capital, IFRS, etc.
  • Assist in the establishment of financial risk methodologies for Lincoln Financial with an emphasis will be on developing financial metrics, standards and frameworks based on different lenses (actuarial, capital markets) for analyzing risk-return trade-offs.
  • Extend from existing traditional actuarial accounting (statutory, GAAP) metrics to economic/capital market principles based metrics & tools to evaluate risk return trade-offs in core decisions (e.g. product development, investment management, asset liability management, capital management).
  • Stays current on industry developments and drives toward solutions when appropriate
  • Researches and prepares briefings on status of key projects and initiatives to senior leaders
  • Participates or leads workgroups by evaluating issues and problems of strategic significance
QUALIFICATIONS
  • 10+ years of experience in actuarial science that directly aligns with the specific responsibilities for this position
  • FSA designation or ASA designation with substantial additional years actuarial experience
  • Leads the development and upgrade of the quality of actuarial investigations and evaluation of the financial well-being of the enterprise.
  • Leads in the development of risk/return pricing standards and risk management methodologies based on actuarial and capital markets/economic principles.
  • Assists in the review of new product strategies, development, design, pricing, and implementation.
  • Partners with the ERM leader in the use of Economic Capital (EC) across all risks and helps develops analytics to influence strategy such as potential ALM, investing activities, and management actions
  • Leads to development and expansion of the enterprise model and analytics
  • Implements process improvements, consistency, governance, controls, and oversight.
  • Develops knowledge about company operations, systems, and actuarial methodologies.
  • Continually looks for opportunities to add value to the enterprise by partnering with the businesses on strategic projects.
  • Establishes effective working relationships throughout the organization, both at the corporate level and within the businesses.
  • Acts as a subject matter expert on all product lines in terms of product knowledge, modeling approach, and reserve requirements, and partners with other areas of the organization regarding analysis of industry evolving topics, including economic capital, principles based reserves/capital, IFRS, etc.
  • Assist in the establishment of financial risk methodologies for Lincoln Financial with an emphasis will be on developing financial metrics, standards and frameworks based on different lenses (actuarial, capital markets) for analyzing risk-return trade-offs.
  • Extend from existing traditional actuarial accounting (statutory, GAAP) metrics to economic/capital market principles based metrics & tools to evaluate risk return trade-offs in core decisions (e.g. product development, investment management, asset liability management, capital management).
  • Stays current on industry developments and drives toward solutions when appropriate
  • Researches and prepares briefings on status of key projects and initiatives to senior leaders
  • Participates or leads workgroups by evaluating issues and problems of strategic significance