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

Reporting to the AVP & Actuary - Pricing, Research and Development, the Actuary - Pricing Research & Development will support all pricing and R&D initiatives related to Underwriting Innovation.

Key Responsibilities:

• Supports all pricing and R&D initiatives related to Underwriting Innovation
• Review and recommend assumptions specific to new products and underwriting processes, including mortality, morbidity, and expected distribution of risk classes
• Work with cross-functional teams both internally and externally to prioritize underwriting and new business initiatives and partnerships, review systems requirements and implementation of underwriting initiatives, and help maintain product and operational innovation while managing risk of mortality impacts
• Support sales goals and profitability of product while continuing to comply with corporate guidelines and regulatory environment
• Develop and maintain pricing tools and dashboards to monitor and assess program outcomes, using SQL, Tableau and other software to review experience data, uncover insights, and support future opportunities
• Provide actuarial support to underwriting, marketing, distribution, strategy and IT areas
• Lead/participate in ad hoc projects related to underwriting guidelines and new business application processes as necessary
• Take initiative to drill down deeply into some subject matters in order to become department’s “expert”
• Take initiative to suggest changes in department’s processes and procedures
• Synthesize experiences from other projects within the department to find solutions to current problems
• Perform top-down analysis of results and uses rules of thumb to identify areas for further investigation
• Drive significant improvement within the department or BU by obtaining key management buy in

Decision Authorities:

• Prioritizing and reprioritizing work deliverables and projects
• General modeling approach
• Managing internal and external resources to achieve targets if applicable
• • Detail documentation for product requirements and filing products

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.
• Excellent analytical and 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
• Detail oriented, with strong general programming skills and ability to develop organized, creative and consistent solutions to diverse and complex problems  (specific knowledge of SQL and C# would be an asset)
• Experience with any of US individual life insurance (product development), experience studies, or life insurance underwriting an asset
• Practical experience with Agile frameworks, Jira management an asset

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

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.

Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify I Pay Transparency