Actuarial Development Program (ADP) - Student

Job title: Actuarial Development Program (ADP) - Student

About the Role

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 explore your 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, with roles available in 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 and work towards your FSA, supported by training and resources to become a well-rounded actuarial leader.

Additional Program Highlights include a highly competitive compensation package with salary increases and bonuses upon successful exam completion; social and training opportunities to enhance skills and build industry relationships; dedicated leaders and mentors to assist with career development; access to actuarial and data science software and technologies; generous study time allowances; and payment/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 help develop industry-leading model capabilities. The role involves working with modeling leads and stakeholders to perform model development and testing in the AXIS fixed and fixed index annuity models.

What You'll Do

• 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 their applications.
• Collaborate on the development of end user tools to support model validation and analysis.

What We're Looking For

• Actuarial student or pursuing actuarial studies; on track to pass SOA exams at a prescribed pace and commit to progressing toward the FSA.
• Interest in actuarial science and data analytics; strong analytical and problem-solving skills; ability to communicate effectively and work across teams.
• Proficiency with actuarial and data science software/tools.
• Ability to work in a hybrid environment across multiple Lincoln offices; flexibility to operate in multiple locations; relocation assistance is not available.
• Excellent collaboration skills and the ability to work with modeling leads and stakeholders.

Nice to Have

• Exposure to Life and Annuities, Retirement, or Group Protection domains; experience with model validation and testing.

Compensation & Benefits

• Highly competitive compensation package with salary increases and bonuses upon successful exam completion.
• Generous study time allowances for exams; payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars.
• Social and training opportunities to enhance skills and network with ADP participants.
• Dedicated leaders and mentors to assist with career development.
• Opportunity to work with actuarial and data science software and technologies.