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Job Description:

Assistant Vice-President, Structuring, Defined Benefit Solutions

Sun Life’s Defined Benefit Solutions (DBS) business develops and implements innovative de-risking solutions for defined benefit pension plans. To support this growing business, Sun Life is seeking an Assistant Vice-President (AVP), Structuring for the DBS team.

The AVP, Structuring has ultimate responsibility for the pricing and structuring of DBS’ risk transfer products, for ensuring that our pricing framework continues to define best practice and for continually innovating our solutions to ensure that they meet our clients’ needs. In short, the AVP, Structuring is the chief architect behind DBS’ risk transfer transactions.

This role reports to the SVP & Head, DBS. It has two direct reports and 8 total reports.

What you'll be doing

Pricing and Structuring:

• Own the pricing process for risk transfer solutions, such as annuity buy-outs, annuity buy-ins and longevity insurance.

• Achieve or exceed our annual risk transfer sales target, while maximizing the overall profitability of the risk transfer business written.

• Partner with the Longevity team to ensure that appropriate longevity assumptions are being used for each quotation.

• Ally with the ALM team to ensure that optimal asset mix assumptions are being used for each quotation.

• Orchestrate approvals from the Finance team and senior management by ensuring they have the information they need to feel comfortable with each quote.

• Champion innovation and efficiency within the Structuring team and continually make improvements to our pricing process.

Business Development:

• Support the Client Relationships team in educating plan sponsors and consultants on risk transfer solutions.

• Strategize with the Client Relationships team to identify prospective clients and bring those clients to market.

Innovation:

• Collaborate with the Client Relationships team and the Innovation team to identify and develop new risk transfer solutions.

• Spearhead the incorporation of AI and other technologies into the Structuring team’s tools and practices.

Leadership: 

• Provide direction and highlight priorities for the Structuring team to align with the broader business objectives. 

• Build and develop a high performing team.

What you'll need to succeed

• FCIA designation

• 8 or more years of actuarial experience

• Strong technical, analytical and problem-solving skills that allow for deep actuarial analysis

• Excellent communication skills (written, verbal, and presentation) with the ability to explain complex ideas to non-actuaries

• Solid influencing skills

• Proven ability to manage multiple competing priorities

• Very strong people skills to manage relationships with DBS stakeholders and coordinate large cross-functional teams

• Previous knowledge of pricing, transaction structuring, longevity assumption setting, ALM, group annuities and/or registered pension plans is an asset 

• Highly motivated, proactive, conceptual thinker who can work independently or in a team, and take a leadership role in a wide variety of assignments

• 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.

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 e-mail a request to [email protected].

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible 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:

140,000/140 000 - 230,000/230 000

Job Category:

Actuarial

Posting End Date:

28/08/2024