LBL HoldCo II, Inc. offers a unique and exciting opportunity to join a company with a proven business model and help shape the future of the U.S. life insurance industry, working with an experienced collegial team of industry leaders. We value collaboration amongst all functions, and don’t believe in working in silos. As such, employees get experience in various functions in a condensed time frame.
If you are a self-motivated individual with relevant professional skills who wants to work in such an environment - please join us!
This Internship offers an array of experiences including Life and Annuity Valuation, Modeling and Forecasting, Product Management, Asset Liability Management, and Enterprise Risk Management.
Your day to day activities will be dependent on the function you are supporting and are expected to change throughout your co-op. Examples include:
Prepare and help monitor reserve trends monthly on GAAP, statutory, and tax accounting bases
Develop management reporting for existing business
Assist in preparation of Statutory Annual and Quarterly Statements
Update GAAP Excel models and organize results for management.
Assist in gathering information and analysis for external auditor inspections
Product Management tasks
Produce, present, and improve monthly business monitoring reporting
Provide insight and analysis to inforce experience trends
Produce and improve monthly crediting rate package and process
Coordinate with ALM and System on data and result analysis
Assist in the development and analyze annual Illustration Actuary testing models
Assist on special policy illustration requests
Assist on Product related projects and requests
Modeling and Forecasting tasks
Build and review model inputs to support financial projection capability
Execute and monitor model projections including troubleshooting model calculations
Analyze model output ensuring accuracy with intended model purpose
Risk and Investments tasks
Update quarterly stress testing results and compare versus risk appetite and limit.
Monitoring investment portfolio to ensure compliance with guidelines and limits
Monitor asset and liability duration, report mismatches outside of tolerance
Prepare weekly hedging file, monitor hedge position and results.
Progress towards a BA/BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
Success in passing at least one SOA/CAS exam preferred
Strong analytical and problem solving skills
Strong business and collaboration skills
Proficiency in MS Office (Excel, Access, Word, PPT)
Excellent verbal and written communication skills
Flexible can-do attitude, willing to help out with all types of tasks in an ever changing environment
Passion to learn new things and design new solutions
Work both independently and as part of a team
About Lincoln Benefit Life
Lincoln Benefit Life (LBL), is a long-standing leader in the financial services industry. Founded in 1938, LBL built its reputation on solid life insurance and annuity product offerings, backed by high standards of customer service. Having a customer-focused philosophy, means we are committed to providing a high level of service and safeguarding our policy holders’ investments.
On December 31, 2019, LBL joined the Kuvare family of companies. Kuvare is a retirement, life insurance, annuity and reinsurance business focused on delivering value-oriented solutions to the middle market, with more than $22 billion in pro forma consolidated assets.