Director, IFRS 17 Actuary & Model Development - Sun Life Int

Company: Sun Life Financial
Location: Scarborough
Posted on: February 25, 2021

Job Description:

Director, IFRS 17 Actuary & Model Development - Sun Life International Wellesley Hills, Massachusetts Hamilton, Bermuda Windsor, Connecticut Scarborough, Maine 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: Summary: Reporting to the Chief Actuary, Sun Life International this role has a dual focus; manage model development in support of a progressive and evolving product portfolio and lead the IFRS 17 implementation of actuarial models. An associate director and an actuarial analyst report into this position. The Director will benefit from exposure to Sun Life's Canadian, US and Asian Actuarial teams and the markets that they support. Job Responsibilities: Devise and build actuarial processes for Sun Life International ("SLI") in support of the enterprise goal of implementing a modernized and repeatable reporting process for the IFRS 17 accounting framework in local operations. Lead IFRS 17 methods and assumption setting work. Proactively collaborate with SL Corporate, SL US and SL Asia to ensure a consistent & compliant approach across the business. Provide oversight of the valuation model build (in AXIS) for the Individual Life products launched out of SLI and the SLF Singapore branch. The modelling approach should meet the relevant Sun Life valuation principles and the Canadian Institute of Actuaries ("CIA") standards of practice. Build effective working relationships with the valuation and projections leads in SLI and lend strategic direction on exercises such as assumption setting process. Collaborate with SLI and SLF Singapore business partners to identify modeling needs, develop strategies to address these needs, and then coordinate with AXIS vendor and model owners to implement new functionality and required model modifications. Ensure required model modifications are implemented, model versions are consistent across SLI and SLF Singapore, and models are consistently up-to-date. Provide AXIS modeling subject matter expertise and assist in developing and sharing best practices with SLF US and SLF Asia AXIS users. Develop analytics to advance our strategic priorities and provide ad-hoc analysis required by senior management. Provide actuarial insight and modelling support for strategic initiatives as part of SL International HuBS, (for example M&A activity, product research, market assessment) to advance our strategic objectives and enable profitable long term growth. Manage one associate director and one actuarial analyst; attract, retain, and develop a diverse team of top talent as part of Sun Life's high performance culture. Perform other duties from time to time in support of business goals and senior management. 7+ years in-depth experience in life insurance actuarial practice, including valuation, modelling, pricing, and financial reporting.-- FSA, FCIA or equivalent actuarial designation with a university degree (Bachelor's degree or higher). Knowledge of AXIS preferred. Experience with IFRS 17 would be a plus. Excellent analytical and problem solving skills and demonstrated ability to think creatively to resolve issues. Self-motivated, organized and able to manage multiple tasks with a high degree of accuracy while working toward challenging goals and deadlines. A strong team player with demonstrated experience collaborating with others in a multi-cultural workplace and in managing teams effectively. Management experience preferred. Takes accountability for own performance and that of the team. Strong written and verbal communication skills with the ability to confidently and clearly communicate complex issues to a variety of audiences. Strong influencing skills to engage senior leadership and partners. Willingness to work some non-standard hours, often times having to liaise with other Sun Life offices after regular office hours, due to these being located in other time zones. Values diversity and inclusion and strives to build an inclusive and respectful workplace. Sun Life Financial is a leading provider of group insurance benefits in the U.S., helping people protect what they love about their lives. More than just a name, Sun Life symbolizes our brand promise of making life brighter - for our customers, partners, and communities. Join our talented, diverse workforce and launch a rewarding career. Visit us at www.sunlife.com/us to learn more.-- Equal employment opportunity and nondiscrimination policy--
It is the policy of SLF U.S. that we will recruit, hire, train, and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to age, race, color, religion, national origin, ancestry, gender, sex (including but not limited to pregnancy, childbirth, or breastfeeding), sexual orientation, gender identity or expression, military or veteran status, physical or mental disability, medical condition, genetic information, marital status, or other legally protected status, and we will ensure that all employment decisions are based only on valid job requirements.
-- 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're committed to making life brighter for our Clients - who are at the heart of everything we do. Our passion and purpose have fuelled us for more than 150 years. We're there for our Clients in the moments that matter most. We create opportunities to make a difference in the lives of individuals, families and communitiesaround the world. PEOPLE. We believe in harnessing your intellectual power and developing the best, brightest and most passionate people to serve our Clients. Diversity is our strength. We support an inclusive environment where you're a leader, collaborator, innovator and trusted partner. EMPLOYER OF CHOICE. We're consistently recognized as a top employer. We offer competitive pay, a flexible and progressive benefits programs, total rewards, agile work environments and more. Year after year, we're named as one of the world's most sustainable organizations. We invest in preventing diabetes on a global scale and lead community-based programs to improve the lives of individuals and families where we all live and work. RECENT AWARDS: Greater Toronto's Top Employers 2020 Canada's Top Employers for Young People 2020 Indeed's Top-Rated Workplaces in Canada 2019 Universum's 2019 Top 100 Most Attractive Employers--for students in Canada

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Keywords: Sun Life Financial, New England , Director, IFRS 17 Actuary & Model Development - Sun Life Int, Accounting, Auditing , Scarborough, Northeast