Senior Actuarial Associate - Extended Health Care (EHC) Pricing and Profitability Management, Group Benefits

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 to the Director, Extended Health Care (EHC) Pricing and Profitability Management, Group Benefits (GB), this role offers an excellent opportunity to gain exposure to GB pricing and develop a holistic view of profitability drivers for the EHC benefit. Our team interacts with various stakeholders across the GB business, including Finance/Actuarial, Underwriting, Pharma, Product, and Business Development teams, making it a good opportunity to enhance business acumen, gain insights from colleagues with varied expertise and backgrounds and develop interpersonal and communication skills. The ideal candidate is eager to develop GB pricing and underwriting knowledge while demonstrating an interest for the complexities and challenges of the drug and healthcare landscape in Canada. The position provides opportunities to apply analytical skills to real-world business challenges. As part of Sun Life's actuarial rotation program, this role will equip the candidate with a diverse skill set applicable across various areas of the organization.

What will you do?

• Develop rates for GB’s EHC product through pricing studies, including exploring innovative ways to improve pricing/underwriting

• Partner with the Product, Pharma and Underwriting teams to provide pricing support on various EHC business initiatives and ad-hoc projects

• Develop financial projections for monthly and annual business plans

• Track key drivers of EHC income, monitor emerging risks, and analyze product profitability to explain financial results to senior management and inform pricing decisions/strategy

• Maintain and enhance a dashboard and provide data insights that is shared with senior leaders

• Help the team leverage data and technology to streamline our recurring processes and uncover deeper, more actionable insights.

• Develop and implement your own value-creation ideas

• Opportunities for increasing complexity of actuarial and analytical challenges over time in line with analyst’s skillset

What do you need to succeed?

The successful candidate must meet the following requirements:

• Strong technical skills, particularly in Microsoft Excel, SQL, Tableau and Access and an interest in leveraging data and technology to increase productivity and improve insights.

• Team player that can work collaboratively across teams.

• Strong analytical and problem solving skills that allow for deep actuarial analysis.

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

• Excellent project management skills - ability to work autonomously and manage competing priorities.

• Attention to detail and critical thinking.

• Creative mindset.

• Undergraduate degree in actuarial science, mathematics or statistics.

• Previous knowledge of group benefits would be an asset.

• ASA with 2+ years of full time actuarial experience.

• 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.

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.

We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business, our Clients and you! Several work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We may use artificial intelligence to support candidate sourcing, screening, interview scheduling.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

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