Description Reporting to the UL line actuary, this position offers a unique opportunity to become the model expert for the Universal Life’s line of business, one of the largest and most complex business lines of the Canadian segment. In this role, you will support our mission to deliver accurate and efficient actuarial results and solutions, while building strong product knowledge and developing a solid IFRS17 foundation. As part of our team, the UL model expert fulfills a critical role in ensuring the integrity of reserves and required capital calculations, explaining the drivers of quarterly earnings, and collaborating with peers from other functions to develop and implement value generating business initiatives. Key Accountabilities: Actuarial Modeling Prioritize change management activities to meet stakeholder needs and company initiatives. Review the development of all changes made to the valuation model, ensuring compliance with modeling standards. Provide support to the team to develop more complex cases, as needed. Lead process improvement initiatives to further automate the UL end-to-end valuation reporting process. Promote modeling best practices with the team. Manage the timely delivery of comprehensive and professional work products to satisfy the actuarial modelling requests of actuarial business partners. Financial reporting Lead quarterly IFRS reserves and LICAT required capital production and reviews. Lead UL annual basis change activities. Contribute to annual financial reporting/disclosures of actuarial results, such as sensitivities and Appointed Actuary’s Report. Analyze results and support communications to senior management. Add hoc Support on Business Initiatives Key contributor to strategic initiatives driven by other functions. Leadership and management Formally manage actuarial student(s). Provide coaching and mentoring to support direct report(s) and other team members’ development and progression. Develop sought-after subject matter expertise on UL model, products and assumptions. Develop and manage relationships across the Canadian segment and with corporate functions (example: pricing, inforce management, risk management, operations, accounting, and Group Capital Management, to name a few). What we are looking for Actuarial designation (FSA, FCIA, ASA) with 5+ years of relevant experience in progressive actuarial roles. Results oriented, able to manage expectations, work under tight deadlines and manage competing priorities. Advanced knowledge regarding technical aspects of work; able to review data or results (financial or otherwise) for reasonability and identify root causes and drivers in the data being reviewed. Self-starter with the ability to work independently, particularly in using sound, independent judgment, problem-solving and analytical skills. Remains calm and in control when facing pressure and stressful situations; demonstrates confidence and persistence in the face of setbacks and obstacles. Ability to communicate and vulgarize complex technical topics to various audiences, including senior management and non-technical functions. Strong interpersonal skills with the ability to collaborate, negotiate and influence effectively Previous Axis experience is an asset, considering the complexity of the UL model and associated products. 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 Toronto, Ontario Working Arrangement Hybrid Salary range is expected to be between $105,750.00 CAD - $190,350.00 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/.
