Associate Actuary, US IFRS Projects

An exciting opportunity is available to play a key role in supporting our financial reporting under IFRS17.  Reporting to the US IFRS Projects Actuary, this Associate Actuary role will provide an ideal opportunity to define solutions with respect of IFRS17 valuation and reporting, to gain deep understanding of some of Manulife’s most sophisticated products, and to work with a large group of seasoned actuarial and accounting professionals. It is an opportunity to build relationships with different stakeholders and engage in challenging work in a flexible and supportive environment.

The position provides opportunities for interacting across the organization, with management and peers in US Finance, US Insurance, US Actuarial Shared Services and Group Actuarial functions in fulfilling the mandate.

Position Responsibilities:

• Support the research and investigations on given projects.  This includes understanding the problem and implications on key stakeholders, produce analysis, develop solutions, present recommendations, and support implementation. 

• Drive key projects in developing strong capabilities to understand and explain our earnings under IFRS17 particularly for UL, VUL and IUL products, robust controls in our reserves and minimizing unexplained movements, and continue to review reserving on new business.  DOE Automation will be a key focus.

• Support valuation solutions to streamline the reporting process, provide actuarial expertise

• Support the development of tools and methods that streamline processes and reduce manual work, limit errors, and provide actuarial expertise.

• Build thought leadership, provide training and create training material to support team education on valuation topics, incl. on-the-job training to the valuation team.

• Work closely with line actuaries and collaborate with other professionals such as modeling, pricing, accounting, group actuarial functions, inforce management, NAIC valuation and others

Required Qualifications:

• FSA/FCIA qualification

• Proactive, self-directed, and able to work independently and drive projects forward

• Demonstrates flexibility and adaptability in a challenging and dynamic work environment

• Detail oriented, excellent analytical and problem-solving skills

• Strong verbal and written communication skills, ability to communicate technical concepts to a wide audience

• Ability to work collaboratively with individuals from various areas

Preferred Qualifications:

• Knowledge of IFRS17 actuarial principles

• Prior financial reporting experience and/or familiarity with US products are assets

When you join our team:

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

• 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.   

#LI-Hybrid 

If you are applying to this role in Massachusetts, please note the salary range is $92,475 USD - $160,290 USD

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

Salary range is expected to be between

If you are applying for this role outside of the primary location, please contact [email protected] 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 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.