IT Business Systems Analyst, Insurance Technology

Posted 4 Days Ago
Be an Early Applicant
2 Locations
In-Office
86K-136K Annually
Senior level
Fintech • Insurance • Financial Services
The Role
Translate insurance product rules into calculation engine specifications; capture and clarify requirements with business and technical partners; build and run test plans to validate calculations; investigate and resolve defects; maintain reusable documentation; recommend process improvements; and support production applications within Agile squads.
Summary Generated by Built In

Join our Insurance Technology Team! In this role, you’ll translate complex insurance product rules into accurate, reliable calculation engine specifications. You’ll collaborate with product experts, engineers, and analysts in a fast paced agile environment to ensure our calculations are accurate, efficient, and well-documented.

Position Responsibilities:

  • Collaborate with business partners and technical teams to clarify objectives and capture requirements.
  • Analyze insurance product requirements and translate them into calculation logic.
  • Build and implement test plans to confirm calculation accuracy.
  • Investigate and resolve calculation defects, working closely with engineers to retest and validate fixes.
  • Maintain concise, accurate, and reusable documentation across products and projects.
  • Identify and implement process improvements that increase calculation accuracy and delivery efficiency.
  • Support production applications by analyzing calculation issues and recommending solutions.

Required Qualifications:

  • 5+ years proven track record as a business analyst in insurance, financial services, or a similar environment.
  • Solid grasp of insurance product calculations and/or illustration systems.
  • Strong analytical and problem-solving skills, with confidence working with numbers and logic.
  • Clear and effective communication skills - written and verbal to interact with diverse audiences.
  • Demonstrated ability to detail requirements and outcomes clearly and accurately.
  • Experience learning new tools and systems quickly and applying them in a business context.

Preferred Qualifications:

  • Good interpersonal skills with the ability to lead competing priorities and delivery on schedule.
  • Proficiency with spreadsheets and familiarity with programming concepts.
  • Familiarity with operating in an Agile environment within a multi-functional squad.

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 distributed team, we’ll support you in shaping the future you want to see.

The role being advertised is an existing vacancy.

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].

Referenced Salary Location

Waterloo, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$86,100.00 CAD - $136,100.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. 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. If you are applying for this role outside of the primary location, please contact [email protected] for the salary range for your location.

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 [email protected] for more information about U.S.-specific paid time off provisions.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.

Skills Required

  • 5+ years as a business analyst in insurance, financial services, or similar environment
  • Solid grasp of insurance product calculations and/or illustration systems
  • Strong analytical and problem-solving skills, comfortable with numbers and logic
  • Clear and effective written and verbal communication skills
  • Demonstrated ability to detail requirements and outcomes clearly and accurately
  • Experience learning new tools and systems quickly and applying them in a business context
  • Good interpersonal skills with ability to manage competing priorities and deliver on schedule
  • Proficiency with spreadsheets and familiarity with programming concepts
  • Familiarity with operating in an Agile environment within a multi-functional squad

Manulife Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Manulife and has not been reviewed or approved by Manulife.

  • Healthcare Strength Healthcare coverage is portrayed as comprehensive, spanning medical, dental, prescription drugs, vision, critical illness, and short- and long-term disability. Mental-health support is emphasized via EAP-style services and high annual coverage limits in some regions, alongside wellness programs and navigation tools.
  • Retirement Support Retirement offerings are positioned as a meaningful part of total rewards, including group RRSP/defined contribution pension options and employer matching in some cases. Ownership-related programs such as share purchase/stock options are also described as available for eligible employees.
  • Flexible Benefits Benefits are described as robust and flexible, with customizable packages and spending-account style options in some plans. Digital tools (mobile app/claims) and reward-linked wellness programs are framed as making benefits easier to use and more engaging.

Manulife Insights

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The Company
HQ: Toronto, Ontario
32,427 Employees
Year Founded: 1887

What We Do

Manulife is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We have more than 40,000 employees, over 116,000 agents serving ~34 million customers worldwide, and over $1.3 trillion in assets under management and administration. Visit www.Manulife.com to find out more. For Manulife terms of use, please visit http://bit.ly/SM_Terms

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