• Job Description

  Req#: JR00092597

  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:

  The GB Reinsurance Operations team is a sub set of the Finance group responsible for the administration and accounting of reinsurance arrangements within Group Benefits. The team maintains the day-to-day operations of GB reinsurance treaties through processing reinsurance settlements, performing analyses, reconciling reinsurance accounts, and providing customer service to reinsurers and other stakeholders.

  Reporting to the Manager, GB Reinsurance Operations, the Senior Group Finance Analyst will be responsible for the administrative and technical support of a small group of reinsurance analysts and more complex Reinsurance arrangements. The incumbent will develop and maintain effective Reinsurance practices, process complex reinsurance settlements, develop and prepare reports for regulatory bodies and internal partners, and assist in the development and maintenance of accounting models.

  Success in this role is measured based upon overall ability to effectively represent the interests and mandate of the organization, support the maintenance of financial and operational controls, training, and documentation. These must be accomplished while optimizing operational effort by resolving issues and deficiencies brought forth through multiple channels; including reinsurers, audit reports, and internal stakeholders.

  What will you do?

  Settlement Modeling and Accounting:

  • Work with stakeholders to properly interpret signed reinsurance treaties and amendments.

  • Determine administrative and accounting requirements of the new or amended arrangement and work with team members to implement the required processes.

  • Ensure strong controls are built and implemented to accommodate the arrangement.

  • Process complex settlements and related accounting.

  • Review settlements prepared by staff.

  • Prepare monthly, quarterly, and annual financial reports.

  • Coordinates and/or supports internal and external audits.

  • Support the implementation of IFRS 17 needs as it relates to Reinsurance processes and financial reporting.

  Practice Ownership:

  • Develop, document, and maintain team policies, practices and procedures, in partnership with the Manager, Reinsurance Operations.

  • Develop and deliver training to Reinsurance Operations team members and other stakeholders.

  • Identify and implement process enhancements to increase team efficiency and improve customer experience of internal partners.

  • Review and approve settlements, in partnership with the Manager, Reinsurance Operations.

  What do you need to succeed?

  • University degree in Accounting, Economics, Mathematics or related area of study with minimum two years work experience.

  • Accounting/Finance designation or working toward (CPA/CFA).

  • Advanced financial modeling and analytical skills, including expert knowledge of Excel.

  • Knowledge of reinsurance treaties and administration and/or knowledge of underwriting principles and policies.

  • Strong planning and organizational capabilities, including the ability to coordinate a large, diverse group of individuals in the completion of a common deliverable.

  • Track record in leading or supporting the improvement of processes and controls.

  • Knowledge and application of accounting principles and standards.

  • As this position is posted in several locations, we specify that bilingualism (French, English, both oral and written) is required for Quebec only for the frequent interactions with English and French-speaking colleagues or internal partners across Canada or worldwide.

  • Excellent verbal communication skills.

  • Ability to write clearly and concisely to different audiences (i.e., team members, IT representatives, reinsurers, internal partners, etc.).

  • Attention to detail.

  • Energetic and results-oriented.

  Assets:

  • Knowledge of Sun Life Financial GL(Oracle,SAP and Hyperion) and accounting systems including CDB, CHESS, Oasis, Genesis and Datamart.

  • CEBS designation or working towards (GBA).

  • Knowledge of Group Benefits products and services.

  Notes/Unique Requirements:

  • Overtime may be required during peak demands at monthly and quarterly intervals.

  What's in it for you?

  • Hybrid work environment

  • Being a member of the Sun Life family, a group of people united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives

  • Flexible Benefits from the day you join to meet the needs of you and your family

  • Wellness programs that support the three pillars of your health – mental, physical and financial

  • A friendly, collaborative, and inclusive culture

  • An environment of continuous learning and improvement

  • Access to our Global Learning Centre, available 24/7 for your learning needs

  • We are honoured to be recognized as a 2022 Best Workplaces in Canada by Great Place to Work® Canada

  The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

  Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

  Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to thebrightside@sunlife.com .

  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:

  54,300/54 300 - 88,300/88 300

  Job Category:

  Finance

  Posting End Date:

  15/03/2024

• About the company

  Sun Life Financial Inc. is a Canadian financial services company.

Notice