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Director, NAVA Strategic Analysis

Sun Life Financial

This is a Contract position in Toronto, ON posted November 12, 2017.

At Sun Life, we work together, share common values and encourage growth and achievement.

We offer many career paths that attract a wide variety of talent and skills. Follow a path that lets your talents shine.

Job Description:

Role Summary: 

The North American Variable Annuity (NAVA) Strategic Analysis team delivers valuation analysis across NAVA’s three blocks of business, which include the Canadian segregated fund block, the closed block of SLF International Wealth variable annuity (VA) and reinsured US VA business (RoR). The team is responsible for financial projections supporting business plans, DCAT testing, actuarial appraisal value and Canadian segregated fund experience studies and predictive modelling. In addition, the team works on strategic projects and financial analyses targeting items such as profitability and capital optimization initiatives, investment/hedging strategy impact analyses, new product initiatives, and development of consistent valuation methodology NAVA-wide. 

The Director, NAVA Strategic Analysis has the following accountabilities: 


  • Lead in-depth strategic analysis on major internal or external initiatives (including changes to capital and accounting regimes), assumption and method changes, and investigations into experience and trends that impact reserves, capital and other risk metrics for the Canadian segregated fund business. 
  • Determine the why’s and provide insights behind the numbers to understand company risk profile, earnings, and capital usage to inform key stakeholders. 
  • Partner directly with Asset Liability Management (ALM), Pricing and Product development and Production teams to provide support for all other corporate or business unit driven initiatives including product development work and investment strategy review. 
  • Partner directly with Production teams to enhance reserve attribution, sources of earnings, and analysis of change for key reporting metrics. 
  • Support model improvements, testing and governance. 
  • Lead a team of 1-2 staff, contributing to the development of high quality actuarial resources for Sun Life Financial. 


The successful candidate must possess the following competencies: 


  • FSA designation. 
  • Strong actuarial and risk management knowledge, ideally including stochastic modeling and understanding of variable annuity hedging. 
  • Ability to influence decision making at various levels of the organization. 
  • Ability to juggle and negotiate multiple deliverables to various senior stakeholders under tight time frames. 
  • Ability to apply complex technical analysis to practical business applications and communicate in simple understandable language. 
  • Strong business knowledge and awareness to facilitate effective working relationships with the business areas. 
  • 5 or more years of actuarial experience working in insurance/annuities. 

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