Director, Supplemental Health Pricing

Sun Life; Wellesley (MA); Hybrid; USD 153,000 - 231,000; Full time

Job summary

A leading employee benefits provider is seeking a Director of Supplemental Health Pricing to lead pricing strategies and collaborate across teams. The ideal candidate will have over 8 years of relevant experience, strong analytical skills, and a desire to drive financial performance in a hybrid work environment. Competitive salary range is $153,400 - $230,100.

Qualifications

• Experience in pricing or related work for Supplemental Health products.
• Active membership in American Academy of Actuaries required.
• Proven ability to lead and develop teams.

Responsibilities

• Manage pricing strategies for Supplemental Health products.
• Evaluate and report on product financial performance.
• Collaborate with various teams to set strategic direction.

Skills

FSA and/or FCIA with 8+ years of relevant work experience

Strong communication skills

Intellectually curious

Ability to apply advanced financial concepts

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Job description

Sun Life U.S. is one of the largest providers of employee and government benefits, helping approximately 50 million Americans access the care and coverage they need. Through employers, industry partners and government programs, Sun Life U.S. offers a portfolio of benefits and services, including dental, vision, disability, absence management, life, supplemental health, medical stop-loss insurance, and healthcare navigation.

We have more than 6,400 employees and associates in our partner dental practices and operate nationwide.

Job Description:

Sun Life embraces a hybrid work model that balances in-office collaboration with the flexibility of virtual work.

Position Summary

The Director Supplemental Health Pricing will lead the pricing team; responsible for the Supplemental Health product pillar (Critical Illness, Cancer, Personal Accident and Hospital Indemnity). The team provides actuarial and financial analysis in support of a business with strong growth objectives.

The role reports to the AVP, Group Pricing within the U.S. Employee Benefits division. The larger Group Pricing team is also responsible for Life & Disability products. The role works closely with other functional teams, including Product, Underwriting, Distribution, Claims and Finance, as well as peers on the Group Pricing and Dental/Vision teams.

How you will contribute:

Planning, directing and managing Life & Disability product pricing to support meeting Employee Benefits profit and growth objectives.

Pricing:

• Plan and direct product pricing for Supplemental Health products.
• Keep pricing responsive to market trends and actively engage product management to keep products competitively positioned in the market.
• Direct regular experience studies to update manual rates and other pricing formulas.
• Develop and monitor new business and renewal pricing programs.
• Support new product initiatives, including product development, pricing and governance.

Profitability Management:

• Evaluate and report product financial performance, communicating to senior management and other functional areas.
• Develop data, metrics and processes to improve financial management of the products.
• Provide analysis to develop a deep understanding of macro and micro drivers impacting financial results.
• Monitor market and economic conditions to allow identification of issues/risks on a timely basis. Enable management to react proactively to keep products competitively positioned in the market.
• Provide input to Business and Strategic Plan forecasts.

Leadership & Collaboration:

• Provide actuarial and financial support to the Group Benefits organization.
• Collaborate with Product, Underwriting, Finance, Valuation and other teams to set strategic direction.
• Recruit and develop a high-performance team, providing leadership and coaching to prepare staff for future advancement.

What you will bring with you:

• FSA and/or FCIA with 8+ years of relevant work experience, including pricing or related work for Supplemental Health products. Active membership in American Academy of Actuaries.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics or another field requiring rigorous mathematical analysis.
• Strong communication, interpersonal and influencing skills.
• Intellectually curious and driven to understand underlying factors impacting results.
• Ability to apply advanced financial concepts and capabilities across business processes.

The salary range for this role is $153,400 - $230,100. We are committed to pay transparency and equity. Your actual base salary will be determined based on your unique skills, qualifications, experience, education, and geographic location.

We are committed to fostering an inclusive environment where all employees feel they belong, are supported and empowered to thrive. We are dedicated to building teams with varied experiences, backgrounds, perspectives and ideas that benefit our colleagues, clients, and the communities where we operate.

We will make reasonable accommodations to the known physical or mental limitations of otherwise-qualified individuals with disabilities or special disabled veterans, unless the accommodation would impose an undue hardship on the operation of our business.

Sun Life will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including applicable fair chance ordinances.

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.