Job Information
Manulife Senior Actuarial Associate/Associate Actuary in Boston, Massachusetts
We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.
Working Arrangement
Hybrid
Job Description
The opportunity
Overview:
Reporting to the US IFRS Valuation Line Actuary, the Senior Actuarial Associate/Associate Actuary is a key player of the IFRS Valuation team and is responsible for the valuation, earnings analysis and reporting activities for the US LTC products. Due to the complexity of the LTC risk profile, and the ever-evolving business needs, this role will provide an ideal opportunity to own the earnings analysis provided to senior management, while also working with seasoned actuarial and accounting professionals.
Reports to: Director, US IFRS Valuation Line Actuary
Key Accountabilities:
Drive the integration of reinsurance transactions into our ongoing valuation and reporting frameworks (RMA/DOE/PHE).
Responsible for producing quarterly IFRS reserves and analysis, including Driver of Earnings, and contribute toward a continued robust RMA/DOE framework.
Drive enhancement of IFRS17 valuation and reporting tools, methodologies and processes, and streamline where appropriate, while ensuring it is being performed in compliance with applicable internal guidelines and actuarial standards.
Conduct the valuation reviews and controls of assumptions and methodology as part of the tri-annual and off-cycle basis change process.
Own the LICAT cash-flow review and reporting.
Perform various valuation deliverables to Group Functions and other partners (e.g. Appointed Actuary’s Report, Reserve sensitivities, QIS, etc.). Lead the integration of reinsurance transactions into these deliverables.
Work closely with other areas, such as Liability Modeling, Systems Data Teams, Experience Study, NAIC, Affiliate Reinsurance, Corporate Capital Management, Corporate Development, Group Finance Actuarial, and Divisional Planning & Forecasting.
Own the valuation work in potential in-force optimization projects.
Manage ad hoc management requests.
Continuously improve and refine valuation processes through streamlining spreadsheets, simplifying calculations, developing python tools or Qlik queries, and automating deliverables
Job Requirement:
FSA / FCIA
In depth knowledge of IFRS17 actuarial principles
Prior valuation exposure and/or familiarity is an asset
Proficiencies:
Highly developed analytical, actuarial, and problem-solving skills
Proactive, self-directed, able to work independently, mentor junior students
Well organized, with an ability to multi-task, prioritize
Strong desire and willingness to collaborate across functional teams
Strong communication and interpersonal skills
High energy and drive, results oriented
What can we offer:
A competitive salary and benefits packages.
A growth trajectory that extends upward and outward, encouraging pursuit of passions and learning new skills!
A focus on growing your career pathways.
Flexible work policies and strong work-life balance.
Professional development and leadership opportunities.
Our commitment:
Values-first cultureWe lead with our Values every day and bring them to life together.
Boundless opportunityWe build opportunities to learn and grow at every stage career stage!
Continuous innovationWe invite you to help redefine the future of financial services.
Delivering the promise of Diversity, Equity and InclusionWe foster an inclusive environment where everyone thrives.
Championing Corporate CitizenshipWe build a business that benefits all partners and has a positive social and environmental impact.
#LI-Hybrid
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.
Manulife is an Equal Opportunity Employer
At Manulife /John Hancock , we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour , ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process . All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies . To request a reasonable accommodation in the application process, contact .
Salary & Benefits
The annual base salary for this role is listed below.
Primary Location
Toronto, Ontario
Salary range is expected to be between
$84,375.00 CAD - $151,875.00 CAD
If you are applying for this role outside of the primary location, please contact for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.
Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.