Associate Director – Supplemental Health Pricing

Sun Life • Wellesley, MA

7d • Hybrid

About The Position

Sun Life U.S. is one of the largest providers of employee and government benefits, helping approximately 50 million Americans access the care and coverage they need. Through employers, industry partners and government programs, Sun Life U.S. offers a portfolio of benefits and services, including dental, vision, disability, absence management, life, supplemental health, medical stop-loss insurance, and healthcare navigation. We have more than 6,400 employees and associates in our partner dental practices and operate nationwide. Visit our website to discover how Sun Life is making life brighter for our customers, partners and communities. Job Description: Sun Life embraces a hybrid work model that balances in-office collaboration with the flexibility of virtual work. Our team members and leaders are expected to foster connection and teamwork by being present in the office at least 2 days per week. Reporting to the Director, Supplemental Health Pricing within the US Employee Benefits division, this role is responsible for providing actuarial and financial analysis to support pricing strategies for the Supplemental Health product pillar (Critical Illness, Cancer, Accident and Hospital Indemnity).

Requirements

• Ability to work with diverse groups of people
• FSA and/or FCIA with relevant work experience.
• Active membership in American Academy of Actuaries.
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or another field requiring rigorous mathematical analysis.
• Strong analytical & technical skills to identify and track performance drivers, detect patterns in results.
• Strong project management skills with a proven commitment to quality and meeting deadlines while handling multiple priorities.
• Strong communication, interpersonal and influencing skills.
• Intellectually curious and driven to understand underlying factors impacting results.
• Ability to apply advanced financial concepts and capabilities across business processes.

Nice To Haves

• Familiarity with Supplemental Health or Employee Benefits product pricing would be an asset.

Responsibilities

• Pricing: Perform regular experience studies to update manual rates and other pricing formulas to support profitable growth of the business.
• Maintain and improve pricing tools and models.
• Develop and monitor new business and renewal pricing programs.
• Support new product initiatives, including product development, pricing and governance.
• Manage required regulatory rate filings to approval.
• Respond to internal and external audits for managed products.
• Profitability Management: Evaluate product financial performance, communicating to management and functional areas.
• Develop data, metrics and processes for effective financial management of the products.
• Provide analysis to develop a deep understanding of macro and micro drivers impacting results.
• Monitor market and economic conditions to allow identification of issues/risks on a timely basis.
• Enable management to react proactively to keep products competitively positioned.
• Provide input to Business and Strategic Plan forecasts.
• Leadership & Collaboration: Contribute to building a high-performance team, providing leadership and coaching to actuarial students on the team.
• Work in collaboration with other functional teams, including Product, Underwriting, Distribution, Claims, Valuation and Finance, as well as peers on the Group Pricing and Dental/Vision teams.
• The role may involve direct management of one actuarial student, including recruitment and evaluation of performance.

Benefits

• At Sun Life, we prioritize your well-being with comprehensive benefits, including generous vacation and sick time, market-leading paid family, parental and adoption leave, medical coverage, company paid life and AD&D insurance, disability programs and a partially paid sabbatical program.
• Plan for your future with our 401(k) employer match, stock purchase options and an employer-funded retirement account.
• Enjoy a flexible, inclusive and collaborative work environment that supports career growth.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees