Amazing career if you put in the time, and have a safety net of money to fall back on.
Financial Advisor (Current Employee), London, ON – December 16, 2014
Pros: flexible hours; own your own business
Cons: finding your own clients; 100% commission
You really need to be dedicated to work this job. Most people look towards family and friends for meetings and sales - I don't feel comfortable pushing products on the people I know and love. Other ways of getting clients are trade shows, cold calling, or referrals. One thing you NEED to be good at - talking on the phone. The entire business is based – more... around calling and booking appointments. The best times to call are 530-830 Monday through Thursday, when people are home from work. Be willing to work those times. Some clients aren't able to meet during the day, so you'll have to book some evening appointments in the office or their home, or maybe even a weekend. Do NOT make a habit of meeting on weekends, otherwise your clients will grow accustomed to it and will expect it. There are people that will help you in the job, and people who will bring you down (best to stay away from those). If you're a social person, and you want to make friends at work and travel and go to events with them, then you'll have fun here. You need the drive to get up and go to work every day. Being your own boss and owning your business is a big responsibility. The first 3-5 years of your career at Sun Life, you should be working 50 hours a week, having 10-12 appointments per week, and making a minimum of 2 sales per week, which is harder than it sounds.
My piece of advice? I came into this role right out of college. It works for some, but I wish that I had gone to a salary position first. When you're just starting out and you have bills and want to save up money, the office expenses and uncertainty of a paycheck will stress you out. Be willing to become mutual fund licensed, so that you can have a stream of income once you build up your wealth portfolio - which will take a little while. – less
System Analyst UNIX (Former Employee), Waterloo, Ontario – February 4, 2014
Pros: good company, excellent team to work with
Cons: long commuting and too many afterhours and week end activities
Typical day at work: Taking care of day to day client requests, preparation and arranging for on hand projects which included patching OS, P2V and looking after hard ware and software maintenance cases.
What I learned: I gained a great amount of knowledge about Different Solaris hardware and software products. All models of Oracle and AIX devices.
Management; Needed – more... more time to get used to the new management style
My co-workers: Got along really well with all members of my team, had no issues working with any of them.
Hardest part of the job: Commuting to Waterloo every day from Mississauga
Most enjoyable part: Dealing with my co-workers and handling new challenges every day – less
Good Company. Great Risk & Reward. So Do Your Homework!
Financial Advisor (Former Employee), Canada – January 31, 2014
Pros: flexibility, great office environment
Cons: straight commission, build your own block (no leads)
Initially you'll be asked for a list of 100 names you can prospect and sell to. Make sure you have a game plan after your warm market runs dry besides cold calling or going door to door. For most people that's when you'll promptly exit the business.
For those seeking Sun Life Financial as their first financial planning gig here's my advice:
Don't – more... do it. Start with 4-5 years in a bank where you will get leads and appointments booked for you while earning a CFP designation. If you want to go independent or 'captive' at an insurance company for $$$ and autonomy only make the switch when you have a reliable network of 500 people you know will do business with you. Don't take the career if you just want to help people, become an exceptional Financial Planner and own your own business. Take the job only if you can sacrifice your evenings and weekends for the next 5 years and you enjoy sales and prospecting 24/7 'cause that's all you'll be doing!
Bottom line: Being an advisor at Sun Life Financial is a great opportunity for the right person. It's a disaster for anyone else. – less
Challenging but Exciteful Projects with Knowledgeable Managers
Financial Analyst Intern (Former Employee), Toronto, ON – December 3, 2013
Pros: responsible and well-behaved colleagues, highly developed culture, knowledgable managers
Cons: long hours
In Sun Life Financial every day there are exposures to new and challenging problems which demands brand-new ideas and state of the art models to implement them. This provides opportunity to develop new approaches to resolve the problem, while having access to knowledgeable managers which leads to maturing those ideas.
With the comprehensive knowledge – more... in mathematical finance and financial markets we gained in the Financial Mathematics program in McMaster University, having exposure to the real life applications and the associated challenges due to lack of enough useful data, non normalized data, etc. learning how to overcome these challenges was exciting and instructive.
Responsible and well-behaved colleagues provide a progressive atmosphere which leads to meeting goals based on the pre-determined schedule.
Probably for me as an intern, who needed to accomplish both jobs assigned by Sun Life Financial and Mitacs Accelerated Program, satisfying both duties simultaneously based on the tight time schedule was the hardest part of the job. – less
Fast-paced environment with constant learning and a high performance culture.
Customer Care Representative (Current Employee), Waterloo Ontario – November 1, 2013
A typical day involves taking calls, resolving customer inquiries and providing a high degree of customer satisfaction. I use several databases each day and on each call. I review claims provide coverage details, maintain files, and promote products and services. I review my call statistics throughout the day and strive for efficiency. I have learned – more... a great deal about medical benefits and the structure of group contracts. I have also learned valuable and transferable computer skills. Management is supportive and always finding ways to collaborate in order to improve workplace satisfaction and business needs. My coworkers are a lot of fun and always willing to discuss the knowledge and material that we all deal with on a daily basis. The hardest part of the job is that the customer is on the line while you complete all of the work, this can be challenging but the pressure helps get the job done and it keeps the day interesting. The most enjoyable part of the job is when customers are truly appreciative of and happy with the service. – less
Receptionist/Lead Generator (Former Employee), Brampton, ON – October 29, 2013
Working in the office was great for me. I am able to complete tasks in a timely manner and learned a lot about how important life insurance is and how important the reputation of a company is. I enjoyed meeting different kinds of people and working with my co-workers as a team to get various jobs completed.
Financial Advisor (Current Employee), Calgary, AB – October 8, 2013
A typical day at work would involve cold calling, warm calling and referral calling. This allows to keep a flow of meetings going on a weekly basis, resulting in a flow of sales. I learned how to act in a professional, unbiased and ethical manner. My management has been extremely supportive and supported all my decisions. I have never worked with such – more... an easy going group of people in my life. Never has there been one issue. The hardest part of the job is the off chance of not receiving an income (as it is commission based only). The most enjoyable part of this job has been the education I've learned, the people I have met and at the atmosphere. – less
employee's where rewarded accoringly for a job well done,
Customer Relations Consultant (Former Employee), Toronto,ON – September 17, 2013
Pros: excellent sallary, health & dental benefits provided
Cons: hi volume of calls during peak hours
I enjoyed the fifteen years I worked with Sun Life Financial. I learned a great deal about Dental and Medical coverage. My co-workers where friendly,I had a instant bond with all my co-workers and as the years passed I looked at them as family rather then co-workers this included Team Leaders, Managers, and Directors. The hardest part of the job was – more... managing the hi volume of calls during peak hours...( we never had enough bodies to manage the magnitude of callers) The sallary was excellent the rewards programs was attainable and regardless of the position I held with Sun Life Financial I always felt valuable to the company. – less
Licensed Sun Life Advisor (Current Employee), home based – September 11, 2013
Pros: free trips
Cons: commison based
It was a great job , however it was only commision based which was to unpredictable for my family. A normal day would involve making calls servicing customers. Handling conflict. Hardest part of the job was selling, best part was client interaction