AVP, Actuarial Financial Reporting and Risk Management

Sun Life Financial; Southwestern Ontario; Hybrid; CAD 145,000 - 235,000; Full time

Job summary

A leading financial services company in Southwestern Ontario is seeking an experienced Actuarial Leader. You will manage an actuarial reporting team responsible for significant group payout annuities and longevity insurance. Candidates need a FCIA designation and at least 10 years of experience in actuarial or risk management. This hybrid role offers a competitive salary range of CAD 145,000 to CAD 235,000, along with various incentives.

Qualifications

• 10+ years of actuarial / risk management experience required.
• Proven ability to drive for results and manage competing priorities.
• Bilingualism required for Quebec roles.

Responsibilities

• Lead GRS actuarial components for IFRS reporting.
• Ensure compliance with internal policies and regulatory requirements.
• Review and update actuarial procedures annually.

Skills

Strong technical skills

Analytical skills

Problem-solving skills

Excellent communication skills

Interpersonal skills

Education

Fellow of the Canadian Institute of Actuaries (FCIA)

Job description

Overview

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:

About the role

Reporting to the VP & CFO of GRS, this role is responsible for leading the GRS Actuarial Reporting team and generating financial metrics for group payout annuities and longevity insurance.

This role leads a high performing team that is responsible for GRS actuarial reserves totalling approximately $20 billion, as well as related risk metrics and capital requirements.

The successful candidate would be a highly motivated and energetic individual who is able to effectively interpret, explain and provide insights on actuarial results to senior management with the goal of promoting appropriate management action and awareness. This role will require an advanced understanding of actuarial and risk management principles and methods, and strong partnership with internal stakeholders including those from Actuarial, Asset Liability Management, Defined Benefit Solutions, Finance, Product & Pricing, and Risk Management.

What you\'ll be doing

• Overall accountability of GRS actuarial components for IFRS reporting (including related liability and capital calculations)
• Lead experience studies and decisions on actuarial assumptions and methods for group payout annuity and longevity insurance
• Lead the timely and accurate delivery of contractual commitments for longevity insurance, especially for the mortality study, reset and data true-up provisions
• Lead the timely and accurate preparation of GRS inputs to the annual Financial Condition Testing report
• Lead the timely and accurate preparation of Earnings-at-Risk results and other developing risk appetite reporting for GRS
• Lead the timely and accurate preparation of the actuarial inputs required for quarterly forecasting as well as annual Strategic and Business Plan processes
• Lead initiatives to continually improve the efficiency and effectiveness of actuarial financial reporting processes in GRS
• Ensure that GRS complies with applicable internal policies, professional standards, and regulatory requirements relating to the financial reporting of actuarial components, capital requirements and financial risk management
• Annually review and update GRS\' actuarial procedures
• Support the assessment of new product pricing initiatives that have actuarial reporting implications
• Partner with Defined Benefit Solutions and GRS Operations to support the implementation of higher complexity Pension Risk Transfer sales, including support for ongoing requirements of indexed annuities

What you\'ll need to succeed

• Fellow of the Canadian Institute of Actuaries (FCIA designation)
• 10+ years of actuarial / risk management experience
• Strong technical, analytical and problem-solving skills
• Strong creativity and critical thinking skills
• Excellent verbal and written communication skills
• Proven ability to drive for results and manage competing priorities
• Excellent interpersonal skills to build and maintain relationships with stakeholders
• Proven talent leadership and talent development skills
• As this position is posted in several locations, bilingualism (French, English, both oral and written) is required for Quebec only as the position includes managing both French and English-speaking staff (Quebec and outside Quebec) and providing daily support to the team.

Note: Please ensure a resume is attached to your application

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may email a request to [e-mail].

We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business, our Clients and you! Several work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

Salary Range: 145,000/145 000 - 235,000/235 000

Job Category: Actuarial

Posting End Date: 03/10/2025