VP, Finance, Corporate Segments and Total Company Expenses

Sun Life Assurance Company of Canada; Toronto; On-site; CAD 180,000 - 320,000; Full time

Job summary

Sun Life Assurance Company of Canada is seeking a seasoned Vice President, Finance to lead strategic financial planning and enterprise-level expense management across global Corporate Functions. You will partner with senior executives to drive resource allocation, investment choices and performance insights, shaping the Total Company view of expenses and value creation.

The role requires strong leadership, enterprise-wide perspective, and the ability to translate business strategies into

Responsibilities

• Serve as a senior Finance partner to Corporate Function leaders, providing strategic advice, constructive challenge and decision support.
• Lead planning, forecasting, reporting and performance management across Corporate Functions.
• Translate Corporate Function strategies into clear financial implications, resource requirements and investment choices.
• Provide forward-looking insights on financial performance, emerging risks, opportunities and structural cost drivers.
• Lead continued enhancement of Corporate cost allocation methodologies.
• Evolve transparency to Business Groups regarding Corporate services and allocated expenses including balancing transparency and precision with the need for allocation methodologies that are practical, understandable and decision useful.
• Partner with Business Group Finance leaders to understand cost drivers, forecast allocations and identify optimization opportunities.
• Lead the consolidation, analysis and executive reporting of Total Company expenses.

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.

At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful.

When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives.

Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

The Vice President, Finance, Corporate Functions and Total Company Expenses is a senior Finance leader responsible for providing strategic financial leadership across the organization's global Corporate Functions, enterprise-wide expense management and significant enterprise initiatives.

The VP serves as a trusted advisor to senior Corporate Function and Finance executives, bringing an independent, enterprise-wide perspective to financial performance, resource allocation, expense management and investment decisions.

Operating across businesses, functions and geographies, the role brings together financial insights to provide senior leadership with a Total Company view of expenses, productivity, investments, risks and opportunities, while ensuring major enterprise initiatives are appropriately prioritized and deliver measurable business value.

Key Role Accountabilities

Corporate Segment

• Serve as the senior Finance partner to Corporate Function leaders, providing strategic advice, constructive challenge and decision support.
• Lead planning, forecasting, reporting and performance management across Corporate Functions.
• Translate Corporate Function strategies into clear financial implications, resource requirements and investment choices.
• Provide forward-looking insights on financial performance, emerging risks, opportunities and structural cost drivers.
• Challengeassumptionsandrecommendactionstoimprovefinancialandoperationaloutcomes.
• Maintain view of Corporate Function costs and the underlying services and capabilities driving those costs.
• Lead continued enhancement of Corporate cost allocation methodologies.
• Evolve transparency to Business Groups regarding Corporate services and allocated expenses including balancing transparency and precision with the need for allocation methodologies that are practical, understandable and decision useful.
• Partner with Business Group Finance leaders to understand cost drivers, forecast allocations and identify optimization opportunities.
• Partner with Capital, Investment teams and tax for Corporate segment results, forecasts and plan
• Lead the consolidation, analysis and executive reporting of Total Company expenses.
• Identify underlying expense trends, emerging pressures and opportunities for management action.
• Provide an Enterprise-wide view of expense performance across businesses, functions and geographies.
• Develop forward-looking insights regarding the organization's expense trajectory and key financial sensitivities.
• Partner with Business Group and Corporate Finance teams to establish consistent expense definitions, methodologies and management reporting.
• Provide senior executives with a clear narrative explaining what is driving expense performance, and where sustainable opportunities exist.
• Lead Finance oversight and insights for enterprise expense-management and productivity programs.
• Identify structural opportunities to improve the organization's cost base and operating leverage.
• Establish frameworks and metrics for measuring productivity and sustainable expense reduction.
• Ensure savings commitments have clearly defined baselines, owners, timing and measurable financial outcomes.
• Track execution against enterprise expense commitments and escalation risks or gaps requiring management intervention.
• Bring external perspectives and financial-services benchmarks into enterprise expense-management discussions.
• Lead the Finance Centre of Excellence for Enterprise Key Initiative governance.
• Establish consistent standards for business cases, financial evaluation and approval of significant enterprise investments.
• Provide independent Finance challenge of investment assumptions, costs, benefits, execution risks and ongoing operating impacts.
• Support executive prioritization of competing investments based on strategic importance, affordability, capacity, risk and expected value.
• Establish appropriate financial governance throughout the investment lifecycle, from initia