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. 

Job Description

The successful candidate will take on a multitude of product research and development projects, centered around the feasibility, design, and pricing of complex insurance and annuity products and riders, balancing business unit marketing and financial goals. Adaptability to rapidly changing circumstances in the internal and external environments will be a key challenge.

Key Responsibilities:

• Member of the US Pricing leadership team responsible for coaching, directing, enabling, and developing a large, high performing and highly engaged team of diverse actuaries and actuarial students.

• Directing pricing teams to design, develop, launch and monitor innovative life and annuity products that meet marketing, profitability, and risk management goals while complying with corporate guidelines and regulatory environment.

• Joining cross functional product development teams that also include representatives from marketing, systems, illustrations, legal, and contracts, to represent Pricing's interests and concerns.

• Working closely with Product Managers and Distribution on product design objectives that meet the needs of our customers in multiple distribution channels.

• Working with the AVP & Pricing Officer to present product financial results and explain key challenges and constraints at each step of the process.

• Collaborating with a second-line risk oversight team to ensure strategic direction is aligned with corporate risk appetite

• Responsible for additional projects related to the department's strategic objectives.

How will you create impact?

This successful candidate will leverage their expertise in this Life and Annuity space to bring new product lines to market. This role will report to the AVP & Pricing Officer, US Insurance.

What motivates you?

• You obsess about customers, listen, engage and act for their benefit.
• You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
• You thrive in teams and enjoy getting things done together.
• You take ownership and build solutions, focusing on what matters.
• You do what is right, work with integrity and speak up.
• You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

• Fellow of the Society of Actuaries (FSA) or equivalent with a minimum of 8 years of actuarial experience.

• Creativity and passion for innovation.

• ​3+ years of experience with Fixed Indexed Annuity Pricing required.

• In depth knowledge of US Stat valuation and the regulatory environment for Fixed Annuity products.

• Knowledge of US Stat valuation and the US regulatory environment for Life Insurance products preferred.

• Life Insurance pricing experience preferred.

• Knowledge of investment and hedging concepts of indexed products.

• Knowledge of Annuity or Life modeling software. Direct experience with Moody’s Axis preferred.

• Excellent analytical and creative problem-solving ability combined with very strong technical actuarial skills.

• Risk management focus, with ability to see beyond traditional measures and identify emerging issues.

• Ability to respond to changing demands from multiple stakeholders and prioritize needs and results while working under deadline pressure.

What can we offer you?

• A competitive salary and benefits packages.
• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
• A focus on growing your career path with us.
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment to you

• Values-first culture
  We lead with our Values every day and bring them to life together.
• Boundless opportunity
  We create opportunities to learn and grow at every stage of your career.
• Continuous innovation
  We invite you to help redefine the future of financial services.
• Delivering the promise of Diversity, Equity and Inclusion
  We foster an inclusive workplace where everyone thrives.
• Championing Corporate Citizenship
  We build a business that benefits all stakeholders and has a positive social and environmental impact.

#LI-JH-ybrid

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 recruitment@manulife.com.

The annual base salary for this role is listed below.

Primary Location

Salary range is expected to be between

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com 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/John Hancock 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/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

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