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Job title: Pricing Analyst
Company: Sun Life Financial
Job description: 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:
Pricing Analyst, Defined Contribution – Group Retirement Services
About the Business:
You believe life is about aiming high and making an impact. At Sun Life Financial, we work together, share common values and help each other grow and achieve goals.
With roots tracing back to 1865 in Canada, Sun Life Financial has grown to become an established and trusted name in insurance and financial services, with offices and operations in key markets around the world. We recognize that our growth, success and reputation for excellence are due in large measure to our talented and dedicated employees.
Sun Life Financial’s Group Retirement Services has over 4,500 clients with $70 Billion in assets under administration.
About the Role:
The Pricing Analyst, will report directly to the Manager, Pricing & Profitability. The successful candidate will be part of a team that supports all pricing aspects of Sun Life Financial’s Group Retirement Service’s inforce business and new business opportunities. The role encompasses preparing pricing quotes for senior management’s approval using information provided by business development, pricing models and other analytical tools. The role has regular interactions with senior management and other teams in Group Retirement Services. The ability to identify relevant information for business decision making and communicating information in an effective manner to key stakeholders is a key requirement. The successful candidate will also assist with projects as required.
Responsibilities:
- Assess the requirements, risks, competitive pressures and financial feasibility of Defined Contribution pricing cases.
- Use the Pricing Model to produce pricing scenarios and alternate fee options for new and existing Defined Contribution pension plans.
- Use data to determine the appropriate benchmark and recommend fees that are appropriate based on the quantitative and service level specifications of the pension plan.
- Participate in discussions on the pricing strategy and assumptions with other stakeholders including: Marketing, Sales, IT, Plan Install, Investment Services, Fund Operations, Customer Relationship Executives, and Senior Management, where applicable.
- Summarize analyses and recommendations clearly and concisely to obtain pricing approvals according to established Pricing Guidelines
- Propose and communicate pricing options/changes for new and existing plans to Customer Relationship Executives/Managers/SCC and Regional Directors of Business Development
- Prepare Letter of Commitment Document to be presented to client
- Analyze the requirements and costs associated with the recordkeeping services identified in the Request For Proposal (RFP) received from Regional Directors of Business Development
- Maintain and update Pricing Model and supporting infrastructure
- Assist with projects and initiatives on an Ad Hoc basis
Qualifications:
- University degree in business, Finance or Economics
- 2-5 years of experience in Group Retirement Services or Financial Services/Insurance
- Advanced Excel skills required
- Prior pricing or Defined Contribution recordkeeping experience as asset
- Experience in GLOBAL Tool as asset
- Knowledge of GRS fee collection methodology an asset
Preferred skills:
- Superior oral and written communication and presentation skills
- Excellent interpersonal, decision making and influencing skills
- Superior analytical and problem solving ability
- Ability to work effectively under tight deadlines
- Ability to consider qualitative and quantitative information simultaneously and provide alternatives
The position will be located at the Sun Life office in Waterloo or Toronto (One York). Some flexibility for remote working will be considered.
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 thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted
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
We thank all applicants for showing an interest in this position. All internal candidates will be contacted regarding the status of their application. If you have any questions, please contact your Talent Acquisition Consultant.
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 .
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: 47,400/47 400 – 77,600/77 600
Job Category: Finance
Posting End Date: 20/08/2021
Expected salary: $47400 – 77600 per year
Location: Toronto, ON – York, ON
Job date: Sat, 14 Aug 2021 06:32:43 GMT
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