As a member of the Global Retirement Finance - Pricing team supporting the US and Canada Retirement businesses, the Actuarial Manager will support model management and financial analysis of Guaranteed Products within Global Retirement. These products include a large and growing product in the US; Stable Value Fund and Guaranteed Interest Account in Canada. The Actuarial Manager would be mandated with producing key analysis to support various stakeholders, including Senior Management, Pricing, Product Risk Management, Capital Management, Asset-Liability Management, Audit and Model Risk Management. The role requires good understanding of guaranteed products and the approaches used in valuing and pricing these products within the Retirement space. Further the Actuarial Manager will support other initiatives within the Global Retirement Finance including quarterly New Business Value reporting and pricing models’ management activities. The Actuarial Manager will facilitate and participate in communication of key actuarial analysis to key stakeholders, engage in monitoring of key performance metrics for guaranteed products, and contribute to product governance activities. This is a role that comes with close interaction with multiple teams and stakeholders, exposure to various leaders, and opportunities to expand your network within GWAM and broader MFC. Position Responsibilities: Model Expert with ownership of guaranteed products modelling and associated model management activities. Be a steward of pricing assumptions for guaranteed products, including ongoing monitoring of key experience related assumptions in the pricing of guaranteed products. Strong understanding of capital requirements under both US and Canada regulatory frameworks. Facilitate collaboration between Global Retirement Finance team and Retirement Pricing teams in the pricing, price discounts strategy, and risk monitoring of Guaranteed Products. Lead Plan Level (or deal level) financial analysis of guaranteed products’ overall pricing, pricing credits and monitoring of sales incentive programs’ performance. Support financial analysis and reporting to senior management. Support pricing initiatives through assessing impact to profitability and other key pricing metrics. The pricing initiatives are typically triggered by strategic business considerations and activities. Partner with Product, Pricing, Actuarial, Risk, Capital Management, ALM and other stakeholders to deliver on business and corporate goals. Develop models as required, to support Plan Level (or deal level) analysis, production of financial reports, and providing insights from the analysis on key performance indicators, including providing recommendations for the business. Support ongoing optimization of business and modelling processes, including automation of manual processes. Required Qualifications: Bachelor’s degree in Accounting, Actuarial Studies, Finance, Data Analytics, Statistics, Mathematics or related fields with substantial experience in progressive finance roles. Professional designation preferred (FSA, FCIA, ASA, ACIA etc.) Proven work experience in financial, pricing or actuarial analysis, modeling and reporting. Advanced or expert level knowledge of Moody’s AXIS, Integrated Asst-Liability modelling, Excel, Financial Modeling, Reporting programs, VBA coding, PowerPoint. Self-starter with the ability to balance multiple priorities in a demanding deadline driven environment. Challenge existing processes and proactively develop more efficient processes. Strong work ethic, positive attitude, eager to learn and take on new responsibilities. Strong interpersonal skills and ability to collaborate across departments within the organization. Exceptional analytical and problem-solving skills; attention to detail; innovative and strategic thinker and able to think “outside the box” Able to communicate effectively with diverse groups, i.e. strong verbal and written communication skills Ability to work both independently and within a team to support broader Global Retirement initiatives Capable of making recommendations based on sound judgement driven from financial, pricing, actuarial data and analytics. Ability to demonstrate critical thinking and creative strategies to drive business change and results. Preferred working knowledge of United States retirement products, investments as well as Guaranteed Income Products. Strong business acumen with ability to communicate technical concepts and pricing results clearly and concisely. 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 recruitment@manulife.com. Referenced Salary Location Waterloo, Ontario Working Arrangement Hybrid Salary range is expected to be between $80,700.00 CAD - $145,260.00 CAD 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. We're Manulife. And we’re on a mission to make decisions easier and lives better. Better is what drives us. It’s what inspires us to find new ways to support customers and colleagues in living longer and healthier lives. It’s the reason we’re dedicated to investing in digital innovation and accelerating a sustainable and economically inclusive future. Joining us means you’ll be empowered to learn and grow your career. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. And as part of our global team, you’ll help shape the future you want to see – and discover that better can take you anywhere you want to go. We’re proud of our accomplishments and recognitions. Recent awards include: 2024 Gallup Exceptional Workplace Award Winner Manulife Named one of Forbes World’s Best Employers 2023 Best Companies to Work for in Asia 2023 We’ve been recognized as one of Canada’s Top 100 Employers (2024) Manulife included in Bloomberg’s 2023 Gender-Equality Index To receive our latest job opportunities directly to your inbox, create an account or sign in and navigate to the ‘Job Alerts’ section located in the top right corner of the page. From there, you can sign up to receive job alerts. Our ambition is to be the most digital, customer-centric global company in our industry. Learn more at https://www.manulife.com/.
