Director, Underwriting and Claims Risk Management

Posted 3 days ago

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About the role

  • 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
  • 2026 Best Workplaces in Canada recognition

Job title

Job type

Full Time

Experience level

Lead

Salary

CA$110,000 - CA$180,000 per year

Degree requirement

No Education Requirement

Location requirements

HybridWaterlooCanada

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