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Lincoln Financial Group Consultant, Valuation Assumptions & Analysis in Boston, Massachusetts

Alternate Locations: Boston, MA (Massachusetts)

Work Arrangement: Hybrid/Home

Relocation assistance is not available for this opportunity.

Level: P3

Requisition #: 66590

About The Company

Lincoln Financial Group, a Fortune 250 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 $238 billion in assets under management as of December 31, 2018.

Ranked one of the Best Large Employers in America by Forbes magazine, 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.

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.

Job Posting

Lincoln National Corporation seeks a Consultant, Valuation Assumptions & Analysis in Boston, MA to perform complex actuarial analysis to develop valuation assumptions and make recommendations to management about reserves strategy for all Group Protection insurance products. Assess experience, source of earnings analysis, reserve adequacy, and forward-looking drivers to develop assumption update recommendations for GAAP and STAT reserves, including communication of experience trends and drivers to Sr. Management. Assist in the development of Life and Short-Term Disability (STD) Source of Earnings (SOE) models in back-end coding in Dataiku and front-end summary interface in Tableau. Assist in development and implementation of key Long-Term Disability (LTD) SOE refinements, including incurred loss ratio and Return on Equity (ROE) functionality for premium funding source; automated roadmap of in-period material drivers; standardized summary reporting packages (PPT) for financial reporting analysis/communication and Claims Management targeted opportunities. Assist in the development and finalization/optimization of annual assumption updates (primarily LTD) by integrating results from SOE and Adequacy studies. Contribute to the execution of adequacy studies including runout analysis, reserve adequacy studies including dashboard development, and related controls. Perform and optimize quarterly retrospective runout margin processes – including identifying and assessing drivers of any significant variances and weighing against anticipated internal and external trends and communicate and document findings to Sr. Management. Develop best estimate scenarios for key assumptions (Recovery, Mortality, SSDI offsets and discount rates) based on A/E tools, and overall aggregate assumptions for optimistic and pessimistic scenarios for applicable GP LOBs in the prospective adequacy study (RAS). Develop and lead rollout to Sr. Management, of recurring reserve adequacy dashboard, integrating retrospective and prospective margin analysis results (current period, YoY, model rollforward). Participate in the development of new and upgrading the quality of existing actuarial projection and A/E tools to leverage into experience tracking and assumption setting. Develop and/or upgrade experience enablers (ex. LTD Reopen A/E, LTD Pending EA & A/E tools) with front-end functionality being Tableau based. Develop materials to be used in and help lead implementation presentation to key stakeholders. Develop replicating seriatim claim LTD reserve projection model in SAS to be leveraged in assumption testing. Assist in the development of regulatory requirements and other external requirements such as new FASB Long Duration Targeted Improvements (LDTI) and partner with Reserving and Modeling team to implement. Serve as a resource to junior team members and internal/external stakeholders on more complex assignments/projects, providing consultations and analysis support.

Requirements: Bachelor’s degree (or foreign equivalent) in Actuarial Science, Mathematics, Statistics, or a related quantitative field, and 3 years of experience performing actuarial analysis. 3 years of experience must include: (i) using MS Excel to manipulate, scrub, and analyze large datasets; (ii) writing code in SAS, SQL, or R in an actuarial analysis setting; and (iii) using MS Access, VBA, or SQL to run queries and extract and organize data for actuarial analysis from large databases. Hybrid office and remote work option available. Apply to & use Req ID #[66590].

Work Arrangement:

Hybrid/Home : Employees will work from home generally three days each week and come into a Lincoln office on a schedule their manager will help set, following any applicable in-office training period determined by their manager.

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, veterans 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.


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.