Director, Actuarial Oversight - Wellesley

Compensation

: $110,070.00 - $166,700.00 /year *

Employment Type

: Full-Time

Industry

: Financial Services - Insurance



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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
  • Sun Life Financial is a leading provider of group insurance benefits in the U.S., helping people protect what they love about their lives. More than just a name, Sun Life symbolizes our brand promise of making life brighter for our customers, partners, and communities. Join our talented, diverse workforce and launch a rewarding career. Visit us at www.sunlife.com/us to learn more.


    Sun Life Financial (U.S.) Services Company, Inc. is a federal contractor subject to Executive Order 11246, Section 4212 of the Vietnam Era Veterans Readjustment Assistance Act of 1974, as amended, and Section 503 of the Rehabilitation Act of 1973, as amended. As such the company is committed to taking positive steps to implement the employment-related aspects of the company s equal employment opportunity policy. It is the company s policy to take affirmative action to employ, advance in employment, and otherwise treat qualified minorities, females, protected veterans, and individuals with disabilities without regard to their race/ethnicity, sex, veteran status, or disability.

    Job Category:

    Actuarial

    Posting End Date:


    Associated topics: actuarial assistant, actuarial consultant, actuary consultant, analyst, assistant actuary, associate actuary, cost, mathmatics, model, probability * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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