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27 days ago

Actuarial Analyst/Student, Group Disability Pricing

Sun Life Financial Wellesley, MA

· Perform basic to moderately complex mathematical analysis · Compile and categorize data for analysis and prepare related reports · Develop and… Sun Life Financial

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Sun Life CEO Dean Connor
Dean Connor
64 Ratings
  1. 1 person found this helpful  

    Culture of hierarchy slows innovation

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    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Sun Life full-time


    New CEO who knows the employee benefits business, which the US firm has staked its future on. Open to data analytics and innovation from designated individuals.


    Firm has staked its future on voluntary benefits, but has few innovative products to break into a market dominated by industry leaders. Low salaries, inconsistent meritocracy, few innovative employee benefits products, few industry leading divisions except stop-loss and international. Corporate culture is so top down and job security is so tenuous due to the new CEO, cost cutting goals, adn constant reorganization that there is no room for the needed culture of firm-wide innovation that would help insure success.

    Advice to ManagementAdvice

    Reward according to innovation and performance. Reduce hierarchical/top down approach to strategies. Encourage experimentation at all levels of the firm. Encourage the making of mistakes, instead of allowing only top management and favored managers to experiment with new ideas. This will reduce the tendency for higher executives -- or those favored by senior leadership -- to practice blaming those with lower titles when mistakes -- the perquisite for innovation-- occur.

    Doesn't Recommend
    Neutral Outlook

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