Director, Actuarial FP&A - Individual Insurance

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Location: We support US flexible working arrangements in the contiguous 48 states.  

At Sun Life, we look for optimistic people who want to make life brighter for our Clients. We understand the value of diverse cultures, perspectives, and identities, and want you to bring your full and authentic self to work. Every day, you’ll be empowered and challenged by working with dynamic colleagues to find new and innovative ways to make Sun Life the best benefits company in America. 

The opportunity: 

The incumbent is accountable for several key actuarial functions for the U.S. In-force Management (IFM) businesses:

• Ownership of participating U.S. products including annual dividend scale recommendation, governance, and on-going product monitoring

• Oversee actuarial valuation of UK Payout Annuity business

• Expense monitoring and analysis for all businesses

• Financial planning and reporting

• Supporting capital and/or earnings optimization initiatives

This role is ideal for someone who is highly motivated and enjoys variety in their work and solving challenging problems.  The successful candidate will play a key role in helping optimize the in-force businesses from the perspectives of earnings, capital and/or investment strategy. The role offers a unique combination of leverage actuarial expertise towards a broad range of business initiatives.

How you will contribute:

• Ownership and subject matter expert of Sun Life U.S. participating block of business. Set annual Par dividend scales and oversee the participating governance process

• Lead the annual Adjustable Study on adjustable Universal Life products and manage the governance process

• Responsible for all facets of valuation work for the UK Payout Annuity business in collaboration with the ceding company and third-party service provider (in UK) to ensure valuation process is well controlled, documented, and financial results are well understood and communicated

• Support the quarterly financial reporting process for all products in IFM, including preparing the quarterly business results package with comprehensive explanation of the DOE (Drivers of Earnings) for senior leadership

• Partner closely with the IFM Valuation Actuary and their team to ensure actuarial aspects of IFM's earnings and capital are properly reflected in management reporting and communicated consistently (e.g., between Central Finance, Central Actuarial and Corporate)

• Provide support and work closely with the IFM Individual Insurance Strategy and Client Service Teams on common business objectives and goals

• Support the annual business and strategic planning activities, projection of income and other key metrics

• Partner closely with the Central Finance expense team to monitor, analyze and manage IFM's expenses effectively. Produce supplementary expense analysis to support IFM's business strategy as needed

• Take part in business optimization initiatives to extract business values, with earnings/capital/investment considerations

• Multi-functional exposure with IFM valuation, Finance & Accounting, Capital, ALM and corporate teams

What you will bring with you: 

• FSA designation with at least 10 years of relevant work experience

• Deep expertise in several of these areas: Pricing, Valuation, ALM, participating products, risk management, capital management, financial reporting, IFRS 17

• Results driven and ability to take a broad perspective to drive business outcomes

• Ability to recognize and manage complex business inter-dependencies and risk trade-offs

• Highly motivated and independent thinker

• Excellent communication skills

• Adaptable, flexible and comfortable dealing with ambiguity

• Excellent problem-solving skills and intellectual agility

• Strong relationship management skills including ability to navigate effectively across the organization

• Ability to effectively manage multiple competing priorities and meet tight deadlines