Director, Capital Management (Sun Life International)

 

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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:

Reporting into the Chief Actuary, the Director of Capital Management will lead solvency reporting for Bermuda Branch within Sun Life International (SLI). In addition the Director will lead affiliate reinsurance program for SL Bermuda. The director will own the LICAT and Capital Risk Management Operating Guidelines and support the Reinsurance Operating Guideline.

What will you do?

Capital Management:

• Production of SLI’s LICAT.
• Build automated, controlled production processes.
• Conduct quarterly reporting and analysis of the Bermuda Branch’s regulatory capital position.
• Manage engagement with consultants to conduct periodic assessment on a BSCR (Bermuda Solvency) basis.
• Enhance capital forecast for SLI and Bermuda Branch and avoid surprises at quarter close.
• Recommend capital injections/repatriations as appropriate.

Affiliate Reinsurance

• Structure and execute affiliate reinsurance transactions that support the Company’s financial performance objectives.
• Monitor and evaluate performance of existing treaties.
• Ensure governance and compliance of affiliated reinsurance business.
• Serve as liaison to the reinsurance administration teams, in support of new treaties and amendments.
• Support preparation of board materials for the Company’s Bermuda-based Reinsurance entities.

What do you need to succeed?

• FSA or equivalent designation.
• Minimum of 8+ years’ experience in the life insurance/reinsurance industry.
• 3+ years of experience managing and mentoring actuarial staff.
• Exposure to pricing/valuation, financial reporting, enterprise risk management, including affiliated and third-party structured reinsurance.
• Strong individual life insurance pricing and product knowledge, including traditional risk transfer reinsurance.
• Experience with the Canadian life insurance regulatory capital framework (LICAT), EIOPA Solvency II, Singapore RBC2, Hong Kong RBC, US RBC.
• Self motivated and able to determine what needs to be done, generates innovative solutions and makes decisions.
• Manages complexity and shifting priorities in a fast paced environment.
• Advanced knowledge and experience using Microsoft Excel.
• Demonstrated technical, analytical and problem solving skills.
• Ability to collaborate well with all stakeholders whilst building credibility and trust.
• Strong organizational skills with a commitment to meeting deadlines.
• Excellent interpersonal and communication skills, both written and verbal.
• Willingness to work unusual hours from time to time, due to Sun Life offices within other time zones.

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.

Salary Range:

111,100/111 100 - 177,800/177 800

Job Category:

Actuarial

Posting End Date:

10/09/2023

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