Actuarial Associate, Strategic Initiatives

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:

Sun Life's Defined Benefit Solutions (DBS) business develops and implements innovative de-risking solutions for defined benefit pension plans. The Actuarial Associate, Strategic Initiatives supports this growing business and reports to the Associate Director, Strategic Initiatives, Defined Benefit Solutions.

What will you do?

Strategic Initiatives is a dynamic project-based team addressing diverse challenges and developing innovative solutions for complex, open-ended problems with self-imposed timelines. The Actuarial Associate will have the following accountabilities:

• Tackle complex financial and operational challenges in managing DBS' inforce group annuities, collaborating with Structuring, ALM, Valuation, Risk, IT, and Operations teams

• Develop and implement strategies to enhance member experience, addressing pain points and improving satisfaction

• Leverage data analytics and technology to solve strategic business problems and uncover new opportunities within the existing portfolio

• Report on progress and outcomes of Inforce initiatives to the DBS Inforce Lab, highlighting problem resolution and value creation

• Identify and address challenges in DBS' growth strategy, developing innovative solutions through collaboration with internal partners

• Support investigations into how to differentiate DBS' product offering from that of its competitors

• Support the implementation of promising feasibility studies by partnering with other DBS teams

What do you need to succeed?

• Strong technical, analytical and problem solving

• Demonstrates intellectual curiosity thinking about the "bigger picture" and a willingness to challenge the status quo

• Highly motivated individual who can work independently and perform research in unfamiliar areas

• Excellent communication skills with the ability to clearly and concisely communicate complex technical concepts in both a written and verbal manner to non-actuaries

• Team player with strong interpersonal skills to build effective relationships

• Ability to manage/prioritize multiple projects at a time

• Achieved or working towards an actuarial designation

• Previous knowledge of pension-related topics 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 for the frequent interactions with English and French-speaking colleagues or internal partners across Canada or worldwide

What's in it for you?

• The opportunity to move along a variety of career paths with amazing networking potential

• Flexible Benefits from the day you join to meet the needs of you and your family

• We're committed to creating an inclusive and respectful environment. Our goal is to make sure all our employees have the chance to live up to their full potential

• We're honoured to be recognized as a 2023 Best Workplaces in Ontario by Great Place to Work® Canada

• We are thrilled to be recognized by Excellence Canada with their top-level certification, the Canada Order of Excellence for Mental Health at Work®, for prioritizing employee well-being, fostering a positive work culture, and achieving excellence in mental health

*LI-MS

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 thebrightside@sunlife.com.

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.

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