Associate Actuary - Toronto, Canada - Manulife

Manulife

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

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.

Working Arrangement
Hybrid

The opportunity

Overview:

Reporting to the US IFRS Valuation Line Actuary, the Associate Actuary is a key player of the IFRS Valuation team and is responsible for the valuation, earnings analysis and reporting activities for the US LTC products.

Due to the complexity of the LTC risk profile, and the ever-evolving business needs, this role will provide an ideal opportunity to own the earnings analysis provided to senior management, while also working with seasoned actuarial and accounting professionals.

Reports to:
Director, US IFRS Valuation Line Actuary

Key Accountabilities:

Drive the integration of reinsurance transactions into our ongoing valuation and reporting frameworks (RMA/DOE/PHE).
Responsible for producing quarterly IFRS reserves and analysis, including Driver of Earnings, and contribute toward a continued robust RMA/DOE framework.
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 triannual and offcycle basis change process.
Own the LICAT cashflow review and reporting.
Perform various valuation deliverables to Group Functions and other partners (e.g. Appointed Actuary's Report, Reserve sensitivities, QIS, etc.). Lead the integration of reinsurance transactions into these deliverables.
Work closely with other areas, such as Liability Modeling, Systems Data Teams, Experience Study, NAIC, Affiliate Reinsurance, Corporate Capital Management, Corporate Development, Group Finance Actuarial, and Divisional Planning & Forecasting.
Own the valuation work in potential inforce optimization projects.
Manage ad hoc management requests.
Continuously improve and refine valuation processes through streamlining spreadsheets, simplifying calculations, developing python tools or Qlik queries, and automating deliverables

Job Requirement:

FSA / FCIA
In depth knowledge of IFRS17 actuarial principles
Prior valuation exposure and/or familiarity is an asset

Proficiencies:

Highly developed analytical, actuarial, and problemsolving skills
Proactive, selfdirected, able to work independently, mentor junior students
Well organized, with an ability to multitask, 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 your career pathways.
Flexible work policies and strong worklife balance. Professional development and leadership opportunities.

Our commitment:

Valuesfirst 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 stage 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 environment where everyone thrives.

Championing Corporate Citizenship

We build a business that benefits all partners and has a positive social and environmental impact.

LI-Hybrid

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 Ho