VP & CFO, Group Benefits

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: Title: VP & CFO, Group Benefits Business Group: Sun Life U.S. Division: Finance & Actuarial Reports To: SVP & CFO, Sun Life U.S. The Vice President & CFO, Group Benefits reports to the Senior Vice President & CFO, SL U.S., with dotted line accountability to the SVP, Group Benefits. The role is accountable for a broad range of financial functions within Group Benefits. As a key member of the U.S. Financial Management Leadership Team (USFMLT), the incumbent will provide financial leadership to support critical management decisions to support the achievement of Group Benefits' key business goals achieved through a framework that encompasses governance, compliance, risk management and financial integrity and play a leadership role in implementing financial initiatives. This includes the development of a long-term strategic plan that will result in a strong and growing base of sustainable earnings. Responsibilities Leadership and Vision Overall responsibility for the financial functions and integrity of the Business Unit's financial management performance. Provide strategic advice with respect to business and financial management for the BU. Leading the strategic and business planning processes and serve as an integral part of the BU's leadership team. Partner and collaborate effectively with other areas: actuarial, finance, investments and corporate, to achieve the Business Unit's plans and objectives. Development and support of SLF US financial management structure and business goals by providing leadership through participation on the USFMLT. Provide strategic counsel to the SVP, Group Benefits and his/her leadership team in strategic planning, financial target setting, short and long range forecasting, budgeting, cost savings, financial analysis, risk assessment and offering enhancement or corrective actions where necessary. Business Operations & Resource Management Build a high performance 1st line finance function for Group Benefits, by building a strong team of finance professionals (AVPs, Directors and their subordinates) in valuation, forecasting, planning and financial analysis. Accountable for all aspects of financial management, including financing, financial reporting, development of financial metrics and targets for profit drivers and expense management. Accountable for management information and proactive analysis of results and trends in order to drive business actions and business performance. Accountable for oversight and governance over distribution compensation for Group Benefits from a financial management perspective, while working together to ensure consistency across divisions where needed. Responsible for integrated indirect oversight over financially-oriented functions such as billing and claim analytics. Develop and evaluate key performance enhancement initiatives and metrics, including the development of strategy. Provide thought leadership and support for all relevant activities in any merger or acquisition that the BU may determine. This role will also include the Group Benefits Actuarial Valuation team. Governance, Compliance and Risk Management Assess and report financial performance and risks to the SVP & CFO, SL U.S., SVP, Group Benefits, the VP, Controller, SL U.S., and the VP, Chief Actuary. Provide the SVP & CFO, SL U.S. and VP, Controller, SL U.S. with reasonable assurance that appropriate measures are being taken to maintain an effective system of internal financial controls within both Business Units, ensuring that appropriate and timely action is taken to remedy any deficiencies that may arise. Act as Business Unit Risk Officer (or delegate to a subordinate) and in collaboration with other functional areas, evaluate principal business risks and resource implications of business initiatives and changes. Ensure compliance with all risk management policies and guidelines by creating a robust and effective independent financial risk and control environment. Advising the SVP, Group Benefits and the SVP & CFO, SL U.S. if a proposed course of action will result in undue financial risk or control exposure for the respective BU or when the proposed action would not comply with financial requirements of any legislation, regulation or policy. Representation and Company Image Ensure a robust business practice discussion and business practice review process is in place to evaluate the impacts to financial position and risk to reputation. Qualifications Group insurance experience preferred 10+ years related experience that may include roles with progressively increasing responsibility in financial management functions College degree in finance, accounting or actuarial preferred Demonstrated ability to lead and manage team and resources; effectively establishes and communicates direction and goals; holds people accountable for delivering results. Visionary perspective with proven business and financial acumen evidenced by successful business development and a growth mindset. Understands the concepts of pricing a product. Recognized as a thought leader who can positively and professionally represent the organization and contribute to the business strategy Excellent communication and collaboration skills, with a record of inspiring people into action and aligning the organization Operates with integrity and builds trust through values and consistent action Demonstrated ability to present and adapt style to audiences of all levels, communicating direction, vision, and strategy to engage team, peers and executives Must be able to successfully drive change and influence behavior Our Affirmative Action Program affirms our commitment to make reasonable accommodation to the known physical or mental limitation 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. 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. For applicants residing in California, please read our employee California Privacy Policy and Notice. Job Category: General Management Posting End Date: 01/11/2024 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. #J-18808-Ljbffr

Created: 2024-11-05