Director, Actuarial

Sun Life Financial   •  

Windsor, CT

Industry: Finance & Insurance

  •  

5 - 7 years

Posted 33 days ago

At Sun Life, we work together, share common values and encourage growth and achievement. We offer many career paths that attract a wide variety of talent and skills. Follow a path that lets your talents shine.

Job Description:

Position Purpose:

As a member of the SLF US Central Actuarial team, the Director, Actuarial is a technical actuarial expert, and provides input and challenge on a wide range of actuarial topics. The focus is on the overall integrity of the actuarial function across SLF U.S., providing leadership within the US actuarial community; overseeing product governance; and monitoring key actuarial initiatives. The incumbent provides strong independent challenge to the Business Units and communicates regularly with key stakeholders within Central Finance and Corporate Actuarial.

Key Accountabilities

Risk Management Expertise


  • Review and challenge actuarial assumptions used and identify risks for product development initiatives and annual rate studies for SLF U.S. and SLF International
  • Assist the Par Lead and Adjustable Lead actuary, providing review and challenge of par and adjustable product management
  • Provide oversight and challenge for the Value of New Business and Source of Earnings reporting processes

Ensure Compliance with the Actuarial Governance Policy and relevant Risk Management policies


  • Own the following Risk policies for SLF U.S. and SLF International: US Product Design and Pricing, Par, Adjustable, Dynamic Capital Adequacy Testing, Source of Earnings and Value of new Business operating guidelines, ensuring consistency with the respective enterprise policies
  • Work with the Business Units to ensure compliance with applicable Actuarial Governance policy

Consolidation and Oversight


  • Manage and analyze results for capital stress testing, Goodwill testing (if an actuarial appraisal is performed), and other actuarial projections, as requested
  • Review and ensure accuracy of surplus income modelling

Leadership


  • Monitor key actuarial initiatives across the US actuarial community
  • Manage an actuarial resource; providing opportunities for their professional growth
  • Function as US actuarial liaison with Corporate Actuarial and Central Finance
  • Champion continuous process improvement and simplification with respect to financial reporting and analysis

Specialized Knowledge/Skills and Experience Requirements:


  • Bachelor's Degree
  • FSA or similar actuarial designation
  • 6+ years of experience
  • Strong financial and business acumen
  • Strong communication and presentation skills
  • Proven ability to build relationships with peers and key stakeholders
  • Experience with IFRS reporting is desired