Actuarial Associate Director / Senior Manager

The Opportunity

The customer is the focus of everything we do, and millions of end users rely on our products and services daily. We believe in the value of empowering our Actuarial Associate Director / Senior Manager with the resources to enhance and achieve our business performance objectives for the future of our business, which is why we need you. 

Position Responsibilities:

• Lead and support analytical work and enhancements related to Par management initiatives, governance policy regular review, fulfilment ratio reporting, OSFI DSR reporting as well as other team priorities.

• Propose and develop principles or methodologies of Par-related topics and execute detailed implementation plans.

• Perform dividend recommendations and conduct regular reviews in alignment with company’s strategy, policyholders’ reasonable expectations and economic conditions. Prepare proposal materials and documentation, explain the rationale/drivers for proposed dividend adjustments, and consider the comprehensive end-to-end business implications.

• Actively engage with regulatory requirements and emerging standards, including GL34, Par Business Committee and Par Reform. Evaluate the implications for reporting, ensure compliance with business practices, and contribute to the design and application of industry and professional standards.

• Develop projection for business planning, manage stakeholders across various functions, adapt timely to incorporating evolving business changes, and convey planning results to management while understanding the drivers of various financial outcomes.

• Address technical enquiries from various stakeholders, including internal parties, regulators, auditors, etc.

Required Qualifications:

• Qualified or nearly qualified fellow of professional actuarial organization.

• 7-10 years of relevant working experience in the insurance industry.

• Solid actuarial knowledge and experience, with specific expertise in Par Management within a direct life insurer being advantageous.

• Strong analytical and problem-solving skills, with demonstrated ability to work with complex financial issues and concepts, coupled with a keen attention to detail and innovative solution mindset.

• Value good process and control, with the capability to deliver results under pressure and within tight deadlines.

• Proficiency in Microsoft Excel and PowerPoint is preferred; familiarity with AXIS model is a plus.

• Capable of functioning effectively as both an individual contributor and a team player.

• Effective communication and relationship skills.

• Leadership capabilities, along with project and stakeholder management skills, with a willingness to lead, inspire, support, and develop junior colleagues.

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

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 [email protected].