Actuarial student program
SLPC 28687 10/17 (exp. 10/19)
Sun Life Financial has developed a supportive environment that gives aspiring actuaries the resources they need to be successful. Sun Life's Actuarial Development Program is a great way for you to:
Accelerate your leadership development
You'll learn directly from business leaders you work alongside and see how we lead as actuaries to help drive business success.
You'll participate in a rotational program and get the opportunity to experience different areas of our business.
Make an impact that matters in the real world
Here is your chance to work on real, challenging problems that have a direct impact on the results and success of both our company and our clients.
We will look to you to help solve problems that don't always have an easy or existing answer and require new and innovative solutions.
Collaborate with other high performers in a supportive team environment
We have a great team with diverse backgrounds and we continue to look for more great members.
You'll get support from colleagues who have gone through the program already; colleagues become friends and allies.
We work in a fun, open and collaborative environment.
To participate in the Actuarial Development Program, you must:
- Be working in a job recognized as an actuarial analyst position
- Demonstrate the intention to enroll in the qualifying actuarial exam coursework
- Maintain satisfactory progress toward completing the entire curriculum
- Maintain satisfactory work performance
Preparing for the exams
As an actuarial analyst in the program, you'll get the opportunity to rotate among different areas within Sun Life. This way, you'll gain exposure to different fields of actuarial work and find the area that's most interesting – and most suited – to you.
The Actuarial Development Program will help you pass the actuarial exams and develop the skills necessary for success in the actuarial field. Sponsored by the Society of Actuaries, this is an intense series of exams that require dedication, commitment and the discipline to maximize study time. You'll receive time off from work to study, compensation incentives for passing exams and exam fee reimbursement.
In addition to our full-time actuarial staff, we also provide opportunities for co-ops and internships by offering roles that are geared towards students currently enrolled in a university program. You'll work on quality projects and gain valuable insight into the challenges and opportunities the actuarial profession can offer. Get a head start on your career – and start developing the skills you'll need before you graduate..
Frequently asked questions
If you're an actuarial student or fellow interested in a future with Sun Life Financial, you may be curious about a few of these topics:
- Do you offer co-op opportunities and internships?
We offer paid internships and co-op terms throughout the year in a variety of areas. The summer internship is a 10-week program, which begins the first week of June. The co-op program is 6 months running from January to June and July to December. These roles are generally intended for students who are in the process of completing their university education. During your time with us, you will have challenging work and be part of the actuarial community. This includes participating in education sessions and taking part in social events.
- What is the Actuarial Development Program?
The Actuarial Development Program is a package of benefits created to foster an environment that will help you pass your actuarial exams and develop your actuarial skills. As a member of the Actuarial Development Program, you will be exposed to a wide variety of actuarial experiences in diverse business units through our rotation program. Our competitive study program will assist you in progressing through actuarial exams, and enable you to apply the knowledge you gain from your studies to current actuarial issues. You will also have opportunities to expand your knowledge through formal education sessions and to meet other actuarial students and actuaries at Sun Life Financial at a variety of social events.
- What is the rotation program?
The rotation program gives full-time actuarial analysts the opportunity to broaden their actuarial and business experience and develop into well-rounded actuaries. As part of this program, you will rotate every 18-24 months to another team within Sun Life Financial (e.g., Group Benefits, Individual Insurance, Specialty Products, Asset and Liability Management, and Central Actuarial). Rotating among different roles not only helps you improve your technical skills but also enhances your leadership abilities by allowing you to see different areas of our business and work with different leaders. The majority of rotations occur within the same work location.
- What computer skills will I need to be successful?
The Microsoft Office suite of productivity software, in particular Excel and Excel-related Visual Basic programming will be essential to your success. We use industry-related applications such as AXIS (a GGY product) and other specialized actuarial and financial software for advanced forecasting and projecting. This is just a sample of the commercial software packages used for pricing, reserving and risk management. Students typically learn to use specialized software while on the job. A basic understanding of computer science can be useful.
- Where is Sun Life Financial located?
Sun Life Financial is an established and trusted name in insurance and financial services, with offices and operations in key markets around the world. Our worldwide headquarters is in Toronto, Ontario. U.S. actuarial roles are located within our Wellesley (MA), Windsor (CT), and Kansas City (MO) offices.
- How can I get to know other students and actuaries at Sun Life Financial?
Before you even considered joining Sun Life Financial, you may have seen us when we visited your university. Every fall, we send an actuarial recruiting team to several schools. In addition, we often run events on campus at universities at other times throughout the year.
As soon as you start working at Sun Life Financial, you will be paired up with a more experienced actuarial student who will assist you in navigating the actuarial student program, introduce you to other actuarial students and answer questions you have about Sun Life Financial.
The Actuarial Community hosts meetings and forums each year sponsored by the Chief Actuary. Community meetings are used for general news and information-sharing, while forums are used as teaching sessions for advanced topics.
In addition to the work-related events, there are also social events throughout the year. These are great opportunities to get to know other students and actuaries across the company.
- What type of support will I receive for exams?
Sun Life Financial's Actuarial Development Program provides coverage for exam fees and study materials as well as paid time off for studying and bonuses for passing exams. Please consult your recruiter for details.
- What do you look for when hiring actuarial students?
We are looking for bright people with the potential to develop into well-rounded actuaries. In particular, we look for people who are:
- well-rounded both in academics and extra-curricular activities
- strong academic performers
- demonstrably committed to passing actuarial exams
- technically inclined
- solid leaders and communicators
- fast learners
- decisive and get positive results
- work well with others
- for full time employment, we require at least two exams or one exam with an applicable internship
- Are there opportunities for actuaries to work internationally?
We have operations in many countries and an increasing presence in key worldwide markets. This opens up global opportunities for Employees seeking an exciting challenge. Short-term or long-term actuarial opportunities may arise in Canada, Hong Kong, China, Ireland, India and the U.K.
- Is there a rotation program for fellows?
Fellows are encouraged to continue broadening their experience by working in different areas at Sun Life Financial. Formal rotations are not on a regular cycle, but occur periodically depending on the needs of the individuals and the business.
- Do you provide educational opportunities?
Yes. We are committed to helping you increase your technical and business skills as well as supporting you in meeting the Continuing Professional Development requirements. So, we offer regular education sessions on a variety of topics, through internal speakers, external speakers or industry-wide webcasts.