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Position: AVP, Inforce Optimization Actuary
Institution: Lincoln Financial Group
Department: Accounting, Law, Actuarial, Business Manager, Compliance, Finance, Legal, Insurance, Management
Location: Greensboro, North Carolina, United States
Duties: Strategy; Directs/executes approved strategy decisions and contributes to strategy creation for assigned area(s) of responsibility; Provides strategic direction designed to propel desired consumer behavior within the complex competitive life insurance marketplace Identifies and directs strategic process improvements that significantly improve quality across the team, department and/or business unit for assigned area(s) of responsibility; Effectively balances short-term and long-term strategic objectives to produce near-term financial impact while building longer-term infrastructure for analytics capabilities and program expansion; Challenges the status quo to identify enhancements, refinements, and process changes that could benefit both policyholders and shareholders; Collaborates with cross-enterprise stakeholders to holistically create a strategic approach to enhance the relationship between Lincoln and its inforce policyholders to achieve desired financial results Directs and or analyzes all implications of strategy and specific initiatives including all legal, regulatory, reputational, business, distribution, and actuarial considerations; Develops and builds a strategically robust business plan including business and profit analysis that sizes up the key business opportunities; Casts vision for program initiatives to management of impacted areas to build partnership and ensure necessary resources are secured and prioritized; Maintains knowledge on current and emerging developments/trends for assigned area(s) or responsibility, assesses the impact, and collaborates with senior management to incorporate new trends and developments in current and future strategies; Develops and identifies the ideal end state for Lincoln's inforce business management and profitability; Develops executable theories and initiatives to positively impact Lincoln’s profitability in the face of ambiguity; Financial Acumen and Technical Knowledge; Oversees the development of inforce and financial models used to maximize profitability; Develops Cost-Benefit analyses that identify the potential impact of campaigns and appropriately frame the value of data capabilities or technological improvements; Use analytic capabilities, including predictive modeling, to identify new opportunities including improved retention and cross-sell opportunities; Develops effective tracking mechanisms to assess the emerging results of initiatives and enable the use of a “test and learn” feedback loop; Reviews inforce studies and analysis to identify areas of actuarial risk, opportunities and drivers of trends; Collaborates closely with other actuarial areas (ALM, valuation, reinsurance, etc.) to understand financial implications of initiatives and shape design of initiatives accordingly; Provides subject matter expertise to team members and applicable internal/external stakeholders on complex assignments/projects for his/her assigned area(s) of responsibility. ; Program Leadership; Directs and provides effective project management leadership including developing the scope of work in managing the timetable and budget; Effectively works with Inforce Optimization Program Manager to lead by coordinate , timetables, work capacities, and performance management of Inforce Optimization employees in a variety of Lincoln departments; Communicates the value of the Inforce Optimization program broadly across the enterprise to gain partnership and integration within business areas; Gains prioritization and time commitment from impacted areas to enable successful execution of program campaigns; Operational Excellence; Directs and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility
   
Text: AVP, Inforce Optimization Actuary Date: Feb 10, 2017 Location: Greensboro, NC, US Company: Lincoln Financial Alternate Locations: Greensboro, NC (North Carolina) Relocation assistance will be considered/provided for this opportunity within our company guidelines. Requisition #24501 About the Company Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $222 billion in assets under management as of March 31, 2015. The Role As the AVP, Life Inforce Optimization, you will develop and implement a strategic approach to enhancing the relationship between Lincoln and Lincoln's inforce policyholders. This is a highly innovative position responsible for collecting, designing, analyzing, vetting, and leading identified cross-enterprise business initiatives. Responsibilities Strategy Directs/executes approved strategy decisions and contributes to strategy creation for assigned area(s) of responsibility. Provides strategic direction designed to propel desired consumer behavior within the complex competitive life insurance marketplace Identifies and directs strategic process improvements that significantly improve quality across the team, department and/or business unit for assigned area(s) of responsibility. Effectively balances short-term and long-term strategic objectives to produce near-term financial impact while building longer-term infrastructure for analytics capabilities and program expansion Challenges the status quo to identify enhancements, refinements, and process changes that could benefit both policyholders and shareholders Collaborates with cross-enterprise stakeholders to holistically create a strategic approach to enhance the relationship between Lincoln and its inforce policyholders to achieve desired financial results Directs and or analyzes all implications of strategy and specific initiatives including all legal, regulatory, reputational, business, distribution, and actuarial considerations. Develops and builds a strategically robust business plan including business and profit analysis that sizes up the key business opportunities. Casts vision for program initiatives to management of impacted areas to build partnership and ensure necessary resources are secured and prioritized Maintains knowledge on current and emerging developments/trends for assigned area(s) or responsibility, assesses the impact, and collaborates with senior management to incorporate new trends and developments in current and future strategies. Develops and identifies the ideal end state for Lincoln's inforce business management and profitability. Develops executable theories and initiatives to positively impact Lincoln’s profitability in the face of ambiguity. Financial Acumen and Technical Knowledge Oversees the development of inforce and financial models used to maximize profitability. Develops Cost-Benefit analyses that identify the potential impact of campaigns and appropriately frame the value of data capabilities or technological improvements Use analytic capabilities, including predictive modeling, to identify new opportunities including improved retention and cross-sell opportunities Develops effective tracking mechanisms to assess the emerging results of initiatives and enable the use of a “test and learn” feedback loop Reviews inforce studies and analysis to identify areas of actuarial risk, opportunities and drivers of trends Collaborates closely with other actuarial areas (ALM, valuation, reinsurance, etc.) to understand financial implications of initiatives and shape design of initiatives accordingly Provides subject matter expertise to team members and applicable internal/external stakeholders on complex assignments/projects for his/her assigned area(s) of responsibility. Program Leadership Directs and provides effective project management leadership including developing the scope of work in managing the timetable and budget. Effectively works with Inforce Optimization Program Manager to lead by coordinate responsibilities, timetables, work capacities, and performance management of Inforce Optimization employees in a variety of Lincoln departments Communicates the value of the Inforce Optimization program broadly across the enterprise to gain partnership and integration within business areas Gains prioritization and time commitment from impacted areas to enable successful execution of program campaigns Operational Excellence Directs and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility. Requirements Educational Undergraduate degree or 4 years of comparable work experience Actuarial training (through exams from the Society of Actuaries) or other life insurance or financial service credentialing preferred Experience 10 years of relevant insurance experience, including leadership of strategically-oriented projects 3 years of managerial, supervisory, and/or demonstrated leadership experience including influencing senior management/critical stakeholders Ability to create, analyze, and audit actuarial and financial models. Sound understanding and knowledge of Statutory Accounting Principles (STAT), Generally Accepted Accounting Principles (GAAP), and Internal Revenue (IRS) regulations. Understanding of life insurance product mechanics, operations, administration, and distribution Understanding of state life insurance regulations and life insurance related compliance issues. A demonstrated track record of consistently meeting and/or exceeding performance expectations. Possesses a bias for action and avoids workplace distraction. Drives performance targets to completion. #LI-AE! 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. Nearest Major Market: Greensboro Job Segment: Accounting, Law, Actuarial, Business Manager, Compliance, Finance, Legal, Insurance, Management
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