Director, ALM Product Development, HuBS
City : Toronto
Category : Full-time
Industry : Finance
Employer : Sun Life Financial
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 virtual working arrangements in the contiguous 48 states, as well as in Canada.
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:
Reporting to the Head of ALM, HuBS, this role is responsible for leading ALM initiatives, and working closely with the Product Teams across HuBS to support them on Product Design and Pricing. This person will also help bridge the time zone gap by being the go-to person for International’s management as necessary.
How you will contribute:
Support Product development & In-force management with ALM expertise
Manage different stakeholders such as product development and pricing teams, actuarial and management within HuBS
Lead and drive the development of enhanced investment and ALM strategies for new products
Drive the harmonization across Bermuda, HK, SG where deemed beneficial
Act as first point of contact for Bermuda management for all relevant ALM items and engage the other sub-alm teams (pillar 1/3 & pillar 4) as deemed necessary
Actively manage to the local guidelines to ensure Compliance with Corporate Risk Management Policies
Lead value driven initiatives to drive/ enhance HuBS’ Financial results
Lead the execution/ application of the “Best Practice” ALM practice in HuBS to fully leverage the Global ALM Practice
What you will bring with you:
Abilities
Ability to apply complex concepts to solve business problems
Ability to manage and drive a Team towards stretch objectives
Build and drive controlled ALM processes
Proficient in ALM product development
Expertise in ALM modelling
Proficient in Microsoft Excel
Knowledge in AXIS an asset
Knowledge
Strong actuarial and risk management knowledge
Strong Investments knowledge
Understand financial reporting, including IFRS17, CGAAP and HK statutory reporting
Knowledge and experience in asset / liability modelling and principles
Core Soft/Transferable Competencies Required
Strong analytical and problem solving skills
Good planning and coaching skills
Accuracy and attention to details
Can work independently with minimal supervision
Strong verbal and written command of the English language
Demonstrate initiative, commitment, and responsibility
Able to present complex ideas, ALM and actuarial concepts to Management (i.e. HuBS Leadership Team)
Collaboration across various stakeholders - Regional/Corporate/ other HuBS teams
Degree holder in Actuarial Science, Mathematics/Statistics or Finance
Qualified actuary - FSA, FCIA, FIA , FIAA or equivalent
10+ years of experience in actuarial operation within a life insurance organization, including 2 years specialization in ALM or at least 2 key actuarial functions
Do you see yourself in this role even if you haven’t checked all the boxes above? We welcome all talented candidates and are committed to a culture that represents diversity in all forms. If you think you might thrive in this setting, we would love to hear from you.
Not ready to apply yet but want to stay in touch? Join our talent community to stay connected until the time is right for you!
Life is brighter when you work at Sun Life
Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial – including generous vacation and sick time, market-leading paid family, parental and adoption leave, a partially-paid sabbatical program, medical plans, company paid life and AD&D insurance as well as disability programs and more
Retirement and Stock Purchase programs to help build and enhance your future financial security including a 401(k) plan with an employer-paid match as well as an employer-funded retirement account
A flexible work environment with a friendly, caring, collaborative and inclusive culture
Great Place to Work® Certified in Canada and the U.S.
Named as a “Top 10” employer by the Boston Globe's “Top Places to Work” two years running
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
If you are a California resident, the salary range for this position is:
Southern region: $157,600 - 236,500 annually
Central region: $166,200 - $249,400 annually
Northern region: $177,700 - $266,600 annually
If you are a Colorado resident, the salary range for this position is $150,500 - $225,800 annually.
If you are a New York resident, the salary range for this position is $177,700 - $266,600 annually.
If you are Washington resident, the salary range for this position is $166,200 - $249,400 annually.
We consider various factors in determining actual pay including your skills, qualifications, and experience. In addition to salary, this position is eligible for incentive awards based on individual and business performance as well as a broad range of competitive benefits.
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.
At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.
#LI-remote or #LI-hybrid
Our Affirmative Action Program affirms our commitment to make reasonable accommodation to the known physical or mental limitation of otherwise-qualified individuals with disabilities or special disabled veterans, unless the accommodation would impose an undue hardship on the operation of our business. Please email recruitingUS@sunlife.com to request an accommodation.
At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.
For applicants residing in California, please read our employee California Privacy Policy and Notice.
Job Category:
Posting End Date:
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.