Director managing enterprise underwriting and claims risk at Sun Life, a life insurer helping Clients achieve financial security. Redesigning mortality and morbidity risk programs globally.
Responsibilities
Redesign existing programs to manage mortality and morbidity risk within the enterprise underwriting risk management framework
Develop performance management tools and processes to ensure compliance with the Enterprise Underwriting Operating Guideline
Assess mortality and morbidity experience and report findings, risk implications, and corrective-action recommendations to the Corporate Chief Underwriter
Serve as an expert resource for complex medically underwritten cases and financial underwriting risks
Make final decisions on complex underwriting risks within stated approval authority
Review and challenge Business Unit policies and practices as Second Line of Defense
Report non-compliances with the UWEOG to the Director, Risk Controls and Compliance
Build partnerships with Global Underwriting, product and pricing, Insurance Risk, and reinsurance teams
Research medical and non-medical risk factors and present findings to underwriting leadership
Assist the VP, Chief Underwriter in changing methodologies and practices affecting mortality and morbidity experience
Requirements
Minimum 10 years experience as an individual Life Underwriter, underwriting multiple lines of business or products for multiple distribution channels
Previous life approval authority of $10,000,000
Previous critical illness approval authority of $1,000,000
Knowledge and practical application of AI, risk propensity models, automated underwriting workflows, and point-of-sale tools
Understanding of mortality and morbidity impacts and non-medical issues such as fraud
Knowledge of product development practices, risk assessment, UWEOG, and corporate risk appetite
Ability to take projects from ideation to implementation
Underwriting, statistical analysis, mathematical, and actuarial knowledge
Excellent verbal and written communication skills
Ability to work independently and make complex decisions in a risk setting
Bilingual French and English, oral and written, required for Quebec postings
Benefits
A collaborative and interactive team environment
Opportunities for career development, continuous learning, skill building, and coaching
Hybrid work flexibility from home and the office based on business and Client needs
Sabbatical Program offering up to 6 weeks off every five years
Participation in various incentive plans, subject to individual and company performance
Accommodation support during the application process
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