Director, Supplemental Health Pricing
Director, Supplemental Health Pricing
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$ 153400 - 230100
1 Vacancy
Job Description
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 6400 employees and associates in our partner dental practices and operate nationwide.
Job Description:
Sun Life embraces a hybrid work model that balances in-office collaboration with the flexibility of virtual work.
Position Summary
The Director Supplemental Health Pricing will lead the pricing team; responsible for the Supplemental Health product pillar (Critical Illness Cancer Personal Accident and Hospital Indemnity). The team provides actuarial and financial analysis in support of a business with strong growth objectives.
The role reports to the AVP Group Pricing within the U.S. Employee Benefits division. The larger Group Pricing team is also responsibility for Life & Disability products. The role works closely with other functional teams including Product Underwriting Distribution Claims and Finance as well as peers on the Group Pricing and Dental/Vision teams.
How you will contribute:
Planning directing and managing Life & Disability product pricing to support meeting Employee Benefits profit and growth objectives.
Pricing:
Plan and direct product pricing for Supplemental Health products.
Keep pricing responsive to market trends and actively engage product management to keep products competitively positioned in the market.
Direct regular experience studies to update manual rates and other pricing formulas.
Develop and monitor new business and renewal pricing programs.
Support new product initiatives including product development pricing and governance.
Profitability Management:
Evaluate and report product financial performance communicating to senior management and other functional areas.
Develop data metrics and processes to improve financial management of the products.
Provide analysis to develop a deep understanding of macro and micro drivers impacting financial 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 in the market.
Provide input to Business and Strategic Plan forecasts.
Leadership & Collaboration:
Provide actuarial and financial support to the Group Benefits organization.
Collaborate with Product Underwriting Finance Valuation and other teams to set strategic direction.
Recruit and develop a high-performance team providing leadership and coaching to prepare staff for future advancement.
What you will bring with you:
FSA and/or FCIA with 8 years of relevant work experience including pricing or related work for Supplemental Health products. Active membership in American Academy of Actuaries.
Bachelors degree in Actuarial Science Mathematics Statistics or another field requiring rigorous mathematical analysis.
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.
$ 153400 - $230100
At our company we are committed to pay transparency and equity. The salary range for this role is competitive nationwide and we strive to ensure that compensation is fair and equitable. Your actual base salary will be determined based on your unique skills qualifications experience education and geographic addition to your base salary this position is eligible for a discretionary annual incentive award based on your individual performance as well as the overall performance of the business. We are dedicated to creating a work environment where everyone is rewarded for their contributions.
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We are committed to fostering an inclusive environment where all employees feel they belong are supported and empowered to thrive. We are dedicated to building teams with varied experiences backgrounds perspectives and ideas that benefit our colleagues clients and the communities where we operate. We encourage applications from qualified individuals from all backgrounds.
Life is brighter when you work at Sun Life
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. Were proud to be recognized in our communities as a top employer. Proudly Great Place to Work Certified in Canada and the U.S. weve also been recognized as a Top 10 employer by the Boston Globes Top Places to Work for two years in a row. Visit our website to learn more about our benefits and recognition within our communities.
We will make reasonable accommodations to the known physical or mental limitations of otherwise-qualified individuals with disabilities or special disabled veterans unless the accommodation would impose an undue hardship on the operation of our business. Please email to request an accommodation.
For applicants residing in California please read our employee California Privacy Policy and Notice.
We do not require or administer lie detector tests as a condition of employment or continued employment.
Sun Life will consider for employment all qualified applicants including those with criminal histories in a manner consistent with the requirements of applicable state and local laws including applicable fair chance ordinances.
All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin disability or status as a protected veteran.
Job Category:
Posting End Date:
Required Experience:
Director
Employment Type
Full-Time
