The Canadian ASSC Group Benefits (GB) Valuation team handles actuarial reserve reporting and manages insurance and interest risk capital for the GB segment, supporting business operations.

As a senior member of the GB Valuation team, your main responsibility is to deliver timely and accurate liability modeling and analytics. This includes executing and initially analyzing all IFRS and client reserves, sensitivities, and capital calculations, while maintaining valuation models and procedures. This role offers growth opportunities in understanding group benefits concepts (e.g., IFRS 17, LICAT, complex financial arrangements), and developing communication, best practices, and leadership skills.

Reporting to the GB Line Actuary, you will collaborate with the GB Valuation team, including the Valuation Actuary (AVP), and interact with Pricing team, the accountant finance team, Capital Management, Group Actuarial functions, and GABS.

Position Responsibilities:

• Serve as model steward for liability models and calculators.

• Guide modelers and ensure compliance with model council guidelines.

• Coordinate with system teams during quarter-end processes.

• Oversight of monthly and quarterly IFRS and client reserve calculations.

• Oversight of quarterly LICAT insurance risk and interest rate risk calculations.

• Oversight of the development and review of off-cycle and annual Basis Changes.

• Plays a key role in the achievement of process improvement and best practices.

• Mentoring actuarial students/analysts supporting various initiatives and projects and communicating results or recommendations to various stakeholders.

Required Qualifications:

• Fellowship Actuarial designation (FSA, FCIA) with 5+ years of relevant experience.

• Proficiency in Moody’s Axis.

Preferred Qualifications:

• Good business acumen with ability to communicate complex actuarial concepts and results in a clear and manner.

• Excellent analytical, problem-solving, and creative-thinking skills as well as ability to process large amounts of information and summarize effectively.

• Strong communication and interpersonal skills with the ability to collaborate, negotiate and influence.

• Ability to successfully manage projects and deliver timely results.

• Strong professional judgment, ability to assess risks, as well as to effectively identify opportunities for improving efficiency and methodology.

• Excellent customer focus and commitment to quality.

• Bilingualism (English and French) is an asset. If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.

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.

#LI-Hybrid 

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 recruitment@manulife.com.

Referenced Salary 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 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 recruitment@manulife.com for more information about U.S.-specific paid time off provisions.