Director, IFRS 17 Actuary & Model Development - Sun Life Int
Company: Sun Life Financial
Location: Scarborough
Posted on: February 25, 2021
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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
Keywords: Sun Life Financial, New England , Director, IFRS 17 Actuary & Model Development - Sun Life Int, Accounting, Auditing , Scarborough, Northeast
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