AVP, Capital Optimization

You are as unique as your background experience and point of view. Here youll be encouraged empowered and challenged to be your best self. Youll 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 youll 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:

About the role

Reporting to the VP Treasurer and Head of Capital Planning this role influences enterprise capital strategy shapes capital policy and leads high-impact initiatives spanning capital deployments (dividends share buybacks growth investments) and balance sheet optimization including collaboration on tax-efficient structures while supporting enterprise capital planning. Success requires close partnership across Finance Actuarial Risk ALM and the Business Groups along with the ability to elevate a high-performing actuarial and finance team. The role delivers clear decision-ready analysis for senior forums and represents the organization in key capital discussions with regulators.

For high-caliber leaders this role offers rare breadthcombining strategy transformation and executive-level influence with the mandate to modernize capital messaging metrics and reporting.

What youll be doing

Leadership & Enterprise Influence

• Provide strategic leadership to advance enterprise capital priorities translating enterprise objectives into clear execution plans and outcomes.
• Build lead and elevate a highperforming actuarial team fostering a performancedriven collaborative and inclusive culture.
• Act as a trusted advisor to Finance and senior leaders contributing to enterprise decisionmaking and longterm value creation.
• Partner closely with Business Groups Corporate Actuarial Corporate Finance Global ALM Corporate Risk Corporate Development and Corporate Strategy to ensure consistent consideration of capital in strategic decisions.

Capital Deployments & Strategic Initiatives

• Lead analysis and recommendations for recurring and strategic capital deployments including dividends share buybacks and growth investments.
• Incorporate earnings and tax considerations in partnership with Corporate Tax and other stakeholders into recommendations for strategic capital deployments and initiatives.
• Serve as a subjectmatter expert on strategic initiatives requiring capital including M&A new entities or markets and organic growth investments.
• Recommend funding strategies (e.g. debt issuance) and costofcapital / hurdle rate frameworks to support capital allocation decisions.

Capital Optimization & Balance Sheet Analysis

• Lead initiatives to improve balance sheet efficiency capital fungibility quality of capital and related enterprise metrics.
• Advance the analysis understanding and reporting of capital composition flows and performance across the organization.
• Support reinsurance investment tax and other capital optimization initiatives as required.

Governance Risk and Regulatory Engagement

• Lead the annual review of the Capital and Liquidity Management Framework and Capital Risk Policy including oversight of related business group guidelines.
• Recommend enterprise capital targets and methodologies including LICAT operating targets and FMM capital allocations.
• Monitor capital regulatory developments across jurisdictions and ensure proactive incorporation into policies and planning.
• Lead capital-related discussions with regulators (including OSFI) supporting approvals for plans and strategic initiatives.

Planning Reporting & Executive Communication

• Support execution of the enterprise Capital Plan including integration of deployments and optimizations and secondline oversight of business group submissions.
• Ensure integrity and clarity of quarterend management Board and external capital reporting for Corporate Capital & Treasury.
• Lead the modernization of capital messaging metrics and reporting processes to improve clarity consistency and executive usability.
• Perform ad-hoc strategic capital analysis and support senior executive and Board discussions as required.

What youll need to succeed

• Qualified actuary (FCIA or FSA) Chartered Financial Analyst (CFA) or Accountant (CPA) with 10 years of insurance or financial services experience
• Proven enterprise leadership capability including experience building developing and leading highperforming teams in complex matrixed environments
• Strong collaborator and influencer with demonstrated ability to partner effectively across Finance Actuarial Risk ALM Business Groups and senior leadership to drive outcomes
• Strategic mindset with the ability to translate complex capital and financial analysis into clear decisionready insights for executive management Boards and regulators
• Solid knowledge of insurance capital frameworks (including IFRS 17 and LICAT) and/or other regulatory regimes across jurisdictions where Sun Life operates
• Excellent judgment and written and verbal communication skills with experience supporting executive discussions and engaging with external stakeholders

Whats in it for you:

• 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.
• In 2024 Sun Life ranked among the top 100 most sustainable global corporations by Corporate Knights for the 15th consecutive year leading Canadian insurers.
• We are proud to be on the 2024 Best Workplaces in Canada list by Great Place to Work.
• Were also listed as one of the Best Workplaces for Women and Best Workplaces with Most Trusted Executive Teams.
• Our unique Sabbatical Program gives you the opportunity to take up to 6 weeks off every five years.
• Care Days available for self-care or care of others (i.e. family or others you may support) and Sick Days to support your well-being.
  

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 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 .

We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business our Clients and you! Several work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We may use artificial intelligence to support candidate sourcing screening interview scheduling.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

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