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Lincoln Financial

Insurance, retirement, and financial services provider

VP – Retirement Pricing & Risk

Actuarial & Risk ModellingUpdated on Nov 14
Full-time

About the Job

Requirements

  • At least 12 years of actuarial science experience directly aligned with the role's responsibilities.
  • At least 5 years of management, strategy, and influencing senior management or critical stakeholders experience.
  • A four-year/bachelor's degree or equivalent work experience; four years of experience may substitute for the bachelor's degree.
  • FSA designation, or ASA designation with additional years of actuarial experience.

Responsibilities

  • Develop and articulate the strategic vision for Retirement Plan Services (RPS) solutions pricing.
  • Establish RPS organizational goals, objectives, and operating procedures for pricing models, pricing strategy, and risk management.
  • Ensure effective implementation, integration, and execution of RPS pricing and risk management initiatives.
  • Align RPS pricing with the business unit's and Lincoln Financial Group's overall business plans and strategic and tactical initiatives.
  • Contribute an integrated RPS pricing strategy by assessing internal and external market environments and understanding internal and industry risk tolerances to identify growth opportunities and optimize profitability.
  • Drive profitable, competitive, and sustainable RPS solutions, demonstrating measurable profitability or consumer value enhancements within defined risk tolerance and capital thresholds while meeting annual target goals.
  • Monitor economic, market, and peer pricing and risk management trends and activities for RPS products to assess competitive opportunities.
  • Provide strategic thought leadership, market views, and pricing expertise to executive management and key business stakeholders, based on trend, sector, and market analysis.
  • Develop pricing models and underlying assumptions for all RPS products, including Full-Service retirement business across GVA and NAV platforms, DCIO, IRA, and other products.
  • Collaborate with and influence stakeholders and leadership on strategic plans for product profitability, positioning, risk management, and competitive advantage.
  • Oversee development and communication of pricing assumptions, financial models, and risk management elements of product design to ensure stakeholders understand product features and risk profiles.
  • Lead risk and actuarial evaluation of new strategic products and solutions.
  • Lead interest crediting rate setting for fixed annuity and stable value products.
  • Communicate complex strategies in actionable language for business partners.
  • Collaborate with risk management areas to drive discussion and adoption of new assumptions and risk management techniques.
  • Identify, recommend, and evaluate innovative risk management and hedging strategies with substantial financial impact.
  • Represent RPS needs and viewpoints on interdepartmental committees focused on risk, pricing, and assumption governance.
  • Evaluate and provide senior management with strategic guidance on how changes in statutory, GAAP, and international accounting standards, and risk-based capital affect product design and profitability.

Desired Qualifications

  • Retirement Plan Services experience, specifically retirement plan pricing experience.

About the Company

Lincoln Financial

Insurance, retirement, and financial services provider

Lincoln Financial Group offers life insurance, annuities, and retirement income products through its network of affiliated companies, and also provides securities and investment advisory services via affiliated broker-dealers. Its products combine insurance coverage or retirement-focused contracts with investment options, where customers fund premiums, choose subaccounts or riders, and receive benefits such as death benefits, living benefits, or guaranteed income in retirement. The company differentiates itself with a family of affiliated brands and distributors that coordinate life, annuity, and advisory products under one umbrella. Its goal is to help individuals and families protect loved ones, plan for retirement, and achieve financial security through integrated protection and investment solutions.

Company size
Not listed
Company stage
Not listed
Total funding
$128.8M
Headquarters
Radnor Township, Pennsylvania
Founded
1905

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