Director, Alm Financial Reporting

3 weeks ago


Toronto, Canada Sun Life Full time

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 - Director, ALM Financial Reporting and Analytics**

**Job Summary**

The **Director, ALM Financial Reporting and Analytics**, Sun Life international reports to the Head of International ALM. The role oversees all aspects of the ALM financial reporting under IFRS17 and daily hedging program, manages the market risk exposure against limits and ensures international ALM team’s compliance with Sun Life Enterprise and Sun Life Asia ALM policies and guidelines, facilitates the Sun Life International ALCO meeting, and leads the International ALM transformation. The role also supports the Head of International ALM to optimize the risk/return profiles of the Sun Life International investment portfolios, support Sun Life International business initiatives, and collaborate with other functions to achieve financial objectives.

**What you will do**:

- Manage all aspects of the ALM financial reporting and asset ACMA. Ensure in-depth understanding of investment and hedging results, analyze the drivers in CSM, earnings, capital, liquidity position, as well as market risk sensitivities.
- Systemize ALM production processes and develop greater ALM capabilities in the areas of hedging, portfolio analytics, forecasting, and risk management.
- Manage the financial risk metrics (such as EaR/CaR, liquidity ratio) against the risk limits.
- Facilitate quarterly BU ALCO meetings, ensure international ALM team is compliant with Sun Life Enterprise and Sun Life Asia ALM policies and guidelines.
- Lead International ALM Transformation, build a dedicated and self-sufficient service model for ALM production mandates while seeking opportunities to streamline/improve processes.

**What you will need to succeed**:

- Hands-on experiences in ALM financial reporting under IFRS17 (CGAAP knowledge is a plus) and LICAT and ability to manage various stakeholders.
- In-depth understanding of key drivers of investment results and how market movements impact investment earnings and capital
- Detail-oriented, well-organized, have a mindset of looking for improvements and driving effective controls around ALM production processes.
- Knowledge and experience in asset / liability modelling and principles, financial forecasting and investment income projection, experience in handling asset ACMAs
- Knowledge of HNW products, key financial risks in these products and how they impact the financials.
- Ability to manage and drive a team towards business objectives, work equally well independently and collaboratively.
- Ability to embrace changes and executive Sun Life change management practices.

**Required Education and Experience**:

- FSA and possess a minimum of 8-10 years of relevant experience in senior ALM or actuarial roles, with hands-on experience in financial reporting.
- Proficient in Excel, Tableau, AXIS, knowledge on Pathwise would be a plus.
- Knowledge of accounting, capital markets, and investment would also be an asset.

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**:
110,000/110 000 - 180,000/180 000

**Job Category**:
Actuarial

**Posting End Date**:
23/05/2024



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