Senior Actuarial Associate

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:

Par Valuation is responsible for the modeling, reporting, and monitoring of Sun Life Canada's Par blocks. Par constitutes the largest share of Retail Advice & Solutions' portfolio, representing $140B in face amount, $30B in reserve, and 70% of new business premium. The team is looking to add a highly motivated Associate or Senior Associate to support core deliverables and special projects.

What will you do?

• Own critical financial reporting, including: reserves, drivers of earnings (DOE), value of new business (VNB), LICAT, and market risk sensitivities

• Navigate the product's technical complexity, unique risk profile, and policyholder/shareholder fairness considerations

• Support pricing initiatives, dividend scale updates, Financial Condition Testing, annual TVOG calibration, the Appointed Actuary's Report, and more

• Learn to manage competing priorities and drive for results

• Propose, test, and implement enhancements to existing models, tools, and processes

• Grow within a high performing team and partner with actuaries in Valuation, Pricing, ALM, Canadian Actuarial, Corporate Actuarial, and the Model Management Center

What do you need to succeed?

• Be actively pursuing an FSA or FCIA designation

• A knack for problem solving and a willingness to challenge the status quo

• Excellent communication and interpersonal skills

• A strong commitment to development of self and others

• Experience with Moody's AXIS is preferred

What will you gain?

• Comprehensive valuation experience

• Par expertise

• Ownership

• An expanded network

What's in it for you?

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

• Pension Plan participation starts immediately, and you are automatically enrolled. We help you save more with Sun Life automatic and matching contributions and by including both your salary and bonus when making

• contributions.

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

• Flexible hybrid work model

• Work and professional development that is united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives

• A friendly, collaborative, and inclusive culture

• We’re honoured to be recognized as a 2025 Best Workplace in Canada by Great Place to Work® Canada

• Sun Life ranked one of the 2024 Global 100 Most Sustainable Corporations in the World on the Corporate Knights’ 2024

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

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