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Variable Annuity Actuary Jobs (NOW HIRING)

Sr. Actuary II

Des Moines, IA · On-site +1

$157K - $213K/yr

What You'll Do This role leads the Variable Annuity (VA) actuarial team within Retirement & Income Solutions (RIS), with overall actuarial leadership and accountability for business outcomes across ...

Sr. Actuary II

Des Moines, IA · Hybrid

$157K - $213K/yr

What You'll Do This role leads the Variable Annuity (VA) actuarial team within Retirement & Income Solutions (RIS), with overall actuarial leadership and accountability for business outcomes across ...

Summary Leads and performs actuarial valuation and financial reporting for annuity products, including variable annuities and registered index-linked annuities (RILA). This role is responsible for ...

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Variable Annuity Actuary information

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$113K

$131.8K

$137.5K

How much do variable annuity actuary jobs pay per year?

As of Jul 28, 2026, the average yearly pay for variable annuity actuary in the United States is $131,841.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,500.00 and $137,000.00 per year, depending on experience, location, and employer.

What are some typical challenges a Variable Annuity Actuary faces when working with product development teams?

Variable Annuity Actuaries often encounter challenges related to balancing regulatory requirements, market competitiveness, and risk management during product development. Collaborating closely with product managers, underwriters, and investment specialists is essential to ensure that new annuity products are both attractive to clients and financially sound for the company. Actuaries must also adapt to evolving regulations and market conditions, which may require frequent repricing or redesign of products. Effective communication and flexibility are key to navigating these complexities while maintaining the integrity of actuarial models and projections.

What are the key skills and qualifications needed to thrive as a Variable Annuity Actuary, and why are they important?

To thrive as a Variable Annuity Actuary, you need strong analytical skills, deep knowledge of actuarial mathematics, and progress toward or completion of actuarial credentials such as FSA or ASA. Familiarity with valuation systems, actuarial modeling software (e.g., Prophet, AXIS), and regulatory frameworks like GAAP and statutory accounting is typical. Excellent problem-solving abilities, effective communication, and attention to detail are critical soft skills for success in this role. These skills ensure accurate product pricing, risk management, and compliance with complex financial regulations, which are essential for safeguarding insurers and clients.

What are Variable Annuity Actuaries?

Variable Annuity Actuaries are professionals who specialize in the design, pricing, and risk management of variable annuity products offered by insurance companies. They use mathematical and statistical methods to assess financial risks and ensure that the products are both profitable and compliant with regulatory standards. Their work often involves financial modeling, projecting future payouts, and analyzing investment options within the annuity contracts. Variable Annuity Actuaries also help insurers manage policyholder behavior risks and stay current with changing industry regulations.

What is the difference between Variable Annuity Actuary vs Pension Actuary?

AspectVariable Annuity ActuaryPension Actuary
CredentialsFellowship in actuarial societies, ASA or FSAFellowship in actuarial societies, ASA or FSA
Work EnvironmentInsurance companies, financial servicesRetirement plans, government agencies, consulting
Industry UsageLife insurance, annuities, financial productsEmployer-sponsored pension plans, retirement benefits

Both roles require similar credentials and often work within the insurance and financial industries. The main difference lies in their focus: Variable Annuity Actuaries specialize in valuing and managing variable annuity products, while Pension Actuaries focus on designing and funding pension plans. Understanding these distinctions helps professionals and employers align roles with their specific retirement and insurance needs.

More about Variable Annuity Actuary jobs
What cities are hiring for Variable Annuity Actuary jobs? Cities with the most Variable Annuity Actuary job openings:
What states have the most Variable Annuity Actuary jobs? States with the most job openings for Variable Annuity Actuary jobs include:
What job categories do people searching Variable Annuity Actuary jobs look for? The top searched job categories for Variable Annuity Actuary jobs are:
Infographic showing various Variable Annuity Actuary job openings in the United States as of July 2026, with employment types broken down into 98% Full Time, 1% Temporary, and 1% Nights. Highlights an 62% Physical, 12% Hybrid, and 26% Remote job distribution, with an average salary of $131,841 per year, or $63.4 per hour.
Actuary, Variable Annuity & RILA Valuation

Actuary, Variable Annuity & RILA Valuation

Lincoln Financial

Radnor, PA • Hybrid

$108K - $195K/yr

Other

Medical, Retirement, PTO

Posted 23 days ago


Lincoln Financial rating

7.4

Company rating: 7.4 out of 10

Based on 73 frontline employees who took The Breakroom Quiz

221st of 299 rated insurance


Job description

Alternate Locations: Work from Home; Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska); Radnor, PA (Pennsylvania)

 Work Arrangement:

Hybrid : Employee will work 3 days a week in a Lincoln office

Relocation assistance:  is not available for this opportunity.

Requisition #: 76034

The Role at a Glance

Join a high-performing actuarial team at the forefront of Variable Annuity (VA) and Registered Index-Linked Annuity (RILA) valuation. In this role, you'll take ownership of critical production processes, drive innovation in valuation modeling, and partner with leaders across the organization to deliver insights that shape strategic and financial decisions.
This is an opportunity to combine deep technical expertise with business influence-while modernizing processes and helping evolve the future of actuarial valuation.

What you'll be doing

Own and Elevate Valuation Processes
- Lead the end-to-end production of monthly statutory reserves and capital results under VM-21, supporting both financial reporting and hedging programs
- Serve as the subject matter expert and owner of the RILA production process and valuation model

Partner Across the Business
- Collaborate closely with Model Development to review, validate, and implement quarterly model enhancements in GGY-AXIS
- Work with Capital Management and FP&A to analyze results and deliver clear, actionable insights into capital requirements
- Engage with stakeholders across Accounting, MRM, Pricing, ERM, Investments, Audit, and the Qualified Actuary team

Drive Innovation and Efficiency
- Enhance and expand automation using tools like Dataiku, Tableau, and Appian
- Identify opportunities to streamline processes, reduce risk, and improve reporting quality and transparency

Lead and Develop Talent
- Directly manage and mentor one team member, fostering growth and high performance

What we're looking for

- Experience: 8+ years of actuarial experience, with strong exposure to annuity products
- Credentials: ASA required, FSA preferred
- Technical Expertise: Hands-on experience with GGY-AXIS modeling
- Leadership Mindset: Proven ability to take ownership, drive results, and collaborate cross-functionally
- Execution Excellence: Strong time management, attention to detail, and ability to meet demanding reporting deadlines
- Continuous Improvement: A proactive, self-starter approach with a passion for automation and modernization

Why This Role Stands Out
- High Visibility: Play a key role in financial reporting, capital strategy, and enterprise decision-making
- Broad Exposure: Partner with multiple high-impact teams across the organization
- Innovation Focus: Be at the center of actuarial modernization and automation initiatives
- Leadership Opportunity: Manage talent while influencing processes and strategy

Application Deadline

Applications for this position will be accepted through August 25th, 2026 subject to earlier closure due to applicant volume.

What's it like to work here?

At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future. 

What's in it for you:

  • Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes

  • Leadership development and virtual training opportunities

  • PTO/parental leave

  • Competitive 401K and employee benefits

  • Free financial counseling, health coaching and employee assistance program

  • Tuition assistance program

  • Work arrangements that work for you

  • Effective productivity/technology tools and training

The pay range for this position is $108,501 - $195,900 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln's total rewards package for employees.  In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual.  Other rewards may include long-term incentives, sales incentives and Lincoln's standard benefits package.

About The Company

Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services. 

With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach. 

Lincoln Financial Distributors, a broker-dealer, is the wholesale distribution organization of Lincoln Financial. Lincoln Financial is the marketing name for Lincoln Financial Corporation and its affiliates including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Lincoln Financial affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. 

Lincoln is committed to creating an inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. 

Follow us on Facebook, X, LinkedIn, Instagram, and YouTube. For the latest company news, visit our newsroom. 

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 fraudhotline@lfg.com if you encounter a recruiter or see a job opportunity that seems suspicious.

Additional Information

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 or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial are considered property of Lincoln Financial and are not subject to payment of agency fees.

Lincoln Financial ("Lincoln" or "the Company") 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, age, national origin or disability. Opportunities throughout Lincoln are available to employees and 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.

This Employer Participates in E-Verify. See the E-Verify notices.

Este Empleador Participa en E-Verify. Ver el E-Verify avisos. 


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About Lincoln Financial

Sourced by ZipRecruiter

Lincoln Financial Group, a Fortune 200 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 $324 billion in end-of-period account values as of June 30, 2021. Ranked one of the Best Large Employers in America and Best Employers for Women by Forbes magazine as well as one of Newsweek's Most Responsible Companies, 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.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

Radnor, PA, US

Year founded

1905