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

Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our global wealth and asset management segment, we serve individuals, institutions, and retirement plan members worldwide. Our principal operations are in Asia and Canada, and the United States, where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

Reporting to the US IFRS Valuation Actuary, the Fixed Products Line Actuary is a key player of the IFRS Valuation team and is responsible for the valuation, earnings analysis and reporting activities for the US fixed annuity products.  In this ever evolving business and financial reporting environment, this role will provide an ideal opportunity to present to management, while also working with seasoned actuarial and accounting professionals. The incumbent will also lead a small team of student actuaries, providing coaching and development opportunities. 

Key Responsibilities:

• Responsible to produce quarterly IFRS reserves and analysis on fixed annuity products, including Driver of Earnings, and contribute toward a continued robust RMA/DOE framework
• Continue to 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
• Lead the LICAT cash-flow review and reporting 
• Perform various valuation deliverables to Group Functions and other stakeholders (e.g. Appointed Actuary’s Report, Reserve sensitivities, QIS, etc.)
• Lead students and develop strong relationships with the various departments

What we are looking for

• FSA / FCIA with 5+ years of progressive work experience
• In depth knowledge of IFRS17 actuarial principles
• Prior valuation exposure and/or familiarity with US LTC are assets
• Highly developed analytical, actuarial, and problem-solving skills
• Proactive, self-directed, and able to work independently while managing a team of professionals
• 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 career pathways.
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment:

• Values-first culture
  We lead with our Values every day and bring them to life together.
• Boundless opportunity!
  We build opportunities to learn and grow at every career stage.
• 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 work environment where everyone thrives.
• Championing Corporate Citizenship
  We build a business that benefits all collaborators and has a positive social and environmental impact.

#LI-Hybrid

#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.

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