Senior Pricing Analyst

Sun Life Financial; Waterloo; On-site; CAD 54,000 - 91,000; Full time

Job summary

An established industry player is seeking a Senior Pricing Analyst to join their dynamic team. In this role, you will leverage your financial and analytical expertise to prepare pricing quotes and assess the financial feasibility of pension plans. You'll collaborate with various stakeholders, including senior management and sales teams, to develop pricing strategies that align with business objectives. This position offers a unique opportunity to transition into wealth management while contributing to meaningful financial solutions for clients. With a flexible hybrid work model and a commitment to employee development, this role is perfect for those looking to make a significant impact.

Benefits

15 vacation days per year

Flexible Benefits

Pension Plan participation

Career path opportunities

Flexible hybrid work model

Professional development opportunities

Collaborative and inclusive culture

Recognition as a Best Workplace in Canada

Sustainable Corporation recognition

Qualifications

• 3-5 years of experience in Group Retirement Services or Financial Services/Insurance.
• Advanced skills in Excel and analytical abilities are crucial.

Responsibilities

• Prepare pricing quotes and analyze financial feasibility for pension plans.
• Summarize analyses and recommendations for pricing approvals.

Skills

Analytical Skills

Mathematical Skills

Modeling Skills

Creative Problem-Solving

Interpersonal Skills

Decision-Making Skills

Influencing Skills

Strategic Thinking

Education

University degree in Business, Finance or Economics

CPA, CFA and/or MBA (Assets)

Tools

Excel

Word

PowerPoint

Job description

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:

The Senior Pricing Analyst will report to the Manager, Pricing & Profitability. The successful candidate will be part of a team that supports all pricing aspects of Sun Life’s Group Retirement Services in-force and new business opportunities. This role also provides an excellent opportunity for an individual with solid financial, pricing or pension experience to transition into a wealth management environment.

The role encompasses preparing pricing quotes for senior management’s approval using information provided by business development, pricing models and other analytical tools. The role has regular interactions with senior management and other teams in Group Retirement Services. The ability to identify relevant information for business decision making and communicating information in an effective manner to stakeholders is a key requirement.

What will you do?

• Assess the requirements, risks, competitive pressures and financial feasibility of Defined Contribution pricing cases.

• Use the Pricing Model to produce pricing scenarios and alternate fee options for new and in-force Defined Contribution pension plans.

• Use data to determine the appropriate benchmark and recommend fees that are appropriate based on the quantitative and service level specifications of the pension plan.

• Participate in discussions on the pricing strategy and assumptions with other stakeholders including: Marketing, Sales, IT, Plan Install, Investment Services, Fund Operations, Customer Relationship Executives, and Senior Management, where applicable.

• Summarize analyses and recommendations clearly and concisely to obtain pricing approvals according to established Pricing Guidelines.

• Propose and communicate pricing options/changes for new and existing plans to Customer Relationship Executives/Managers and Regional Directors of Business Development.

• Prepare Letter of Commitment Document to be presented to clients.

• Analyze the requirements and costs associated with the recordkeeping services identified in the Request For Proposal (RFP) received from Regional Directors of Business Development.

• Maintain and update Pricing Model and supporting infrastructure.

What do you need to succeed?

• University degree in Business, Finance or Economics (Assets: CPA, CFA and/or MBA).

• 3-5 years of experience in Group Retirement Services or Financial Services/Insurance.

• Analytical, mathematical, modeling, and creative problem-solving skills.

• Ability to think strategically, apply relevant quantitative and qualitative information, and provide alternatives.

• Advanced skills in Excel, proficiency in Word and Power Point.

• Interpersonal, decision-making and influencing skills.

• Ability to work effectively under tight deadlines.

What’s in it for you?

• Time off giving you the flexibility to focus on the moments that matter including 15 vacation days per year.

• Flexible Benefits from the day you join to meet the needs of you and your family.

• Pension Plan participation starts immediately, and you are automatically enrolled. We help you save more with Sun Life automatic and matching contributions and by including both your salary and bonus when making contributions.

• The opportunity to move along a variety of career paths with amazing networking potential.

• Flexible hybrid work model.

• Work and professional development that is united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives.

• A friendly, collaborative, and inclusive culture.

• We’re honoured to be recognized as a 2024 Best Workplace in Canada by Great Place to Work Canada.

• Sun Life ranked one of the 2024 Global 100 Most Sustainable Corporations in the World on the Corporate Knights ’ 2024.

Salary Range: 54,000/54 000 - 91,000/91 000

Job Category: Finance

Posting End Date: 29/03/2025