AVP, Health & Term Pricing

Job Description

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About the role

• Reporting to the Vice President, Profitability & Risk, the successful candidate will be responsible for leading the pricing of our Individual Life Term & Health product portfolio. Sun Life provides a diverse and leading suite of insurance solutions across multiple distribution systems. This key role leads a team of pricing and actuarial experts working with financial, product and distribution leaders across the organization.

What will you do?

• Lead the Health & Term product pricing teams, providing direction and highlighting priorities for the team to align with the broader business objectives and strategic goals.
• Support the design or enhancement of innovative and competitive solutions by analyzing the financial and pricing impact of product features and benefits.
• Ensure compliance with the Product Design and Pricing Operating Guideline & VNB Operating Guideline.
• Review profitability of products, and influence the use of various financial levers to optimize profitability and assist management in making decisions.
• Partner with key business partners to ensure product suite has appropriate positioning and support for advisors and clients
• Actively develop and maintain robust risk management processes as first line of defense actuarial leader

What do you need to succeed?

• FSA or FCIA designation with 10+ years of actuarial experience
• Strong people/team management skills with passion for engagement and development
• Strong technical, analytical and problem solving skills
• Strong communication skills (written, verbal, and presentation skills) with the ability to explain complex ideas to executives and non-actuaries
• Strong relationship management and partnering skills with a variety of stakeholders
• Ability to produce business outcomes on multiple priorities in fast-paced environment
• Knowledge of insurance, pricing, product development, IFRS 17, Valuation or ALM is an asset'

  As this position is posted in several locations, we specify that 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.

What's in it for you:

• Being a member of the Sun Life family, a group of people united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives.
• In 2024, Sun Life ranked among the top 100 most sustainable global corporations by Corporate Knights for the 15th consecutive year, leading Canadian insurers.
• We are proud to be on the 2024 Best Workplaces in Canada list by Great Place to Work.
• We’re also listed as one of the Best Workplaces for Women and Best Workplaces with Most Trusted Executive Teams.
• Our unique Sabbatical Program gives you the opportunity to take up to 6 weeks off, every five years.
• Care Days available for self-care or care of others (i.e., family or others you may support) and Sick Days to support your well-being.