Job 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 ArrangementHybridThe opportunityReporting to the Non-Par Valuation Actuary, the UL Line Actuary will be responsible for directing the activities of seven actuarial staff within the Actuarial Center of Excellence . The Actuary will oversee actuarial valuation activities, including modeling activities and providing actuarial advisory support for the Retail business. The incumbent will possess the ability to work with people at all levels of the organization and manage often conflicting stakeholder priorities. The Actuary will be responsible for leading a highly engaged team of actuarial professionals, challenging team members to step outside their comfort zone and embrace new processes and technologies.How will you create impact?The UL line actuary fulfills a critical role in ensuring the integrity of Cdn segment reserves and required capital calculations, explaining the drivers of quarterly earnings, including policyholder experience, and collaborating with peers in Pricing and in-force optimization to develop and implement value generating business initiatives.Key Accountabilities:

• Has in-depth knowledge of UL products, assumptions, and features.
• Oversight of quarterly IFRS reserve calculations
• Oversight of quarterly LICAT insurance risk and interest rate risk calculations
• Provides value-added, clear and concise analysis and commentary on reserve and capital results to Valuation Actuary
• Prioritizes the work of the team to meet stakeholder needs and company initiatives.
• Guides quarterly and annual financial reporting/disclosures of actuarial results, such as sensitivities and Appointed Actuarys Report
• Provide expert opinion on experience monitoring/studies
• Oversight of basis changes related to UL
• Actively participates on project teams regarding pricing, new products and in-force products
• Manages the timely delivery of comprehensive and professional work products to satisfy the actuarial modelling requests of actuarial business partners.
• Plays a key role as part of the ASSC leadership team in the achievement of ASSC projects, the goals of process improvement and best practices in valuation reporting.
• Builds relationships and establishes a high level of credibility with Actuarial management across the Canadian Division particularly Business Unit CFOs, their teams and the VP & Chief Actuary

Leadership and Team Development:

• Provides strong, proactive leadership and coaching to a team of actuarial professionals. Allocates and monitors work of the team to ensure accurate and timely completion of assignments within the established timeframes and quality standards.
• Makes decisions regarding employment, compensation, performance appraisals, training and development.
• Cultivates an innovative environment by supporting creativity and high-performance teamwork.

What we are looking for

• Actuarial designation (FSA, FCIA, ASA) with 7+ years of relevant experience in progressive actuarial roles.
• Post-secondary education in Math/Computer Science, Actuarial Science or equivalent.
• Demonstrates 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 the area of using sound, independent judgment, problem-solving and analytical skills.
• Remains calm and controlled in pressured and stressful situations; demonstrates confidence and persistence in the face of setbacks and obstacles.
• Strong interpersonal skills with the ability to collaborate, negotiate and influence effectively
• Results oriented, able to manage expectations, work under tight deadlines and manage competing priorities.
• Excellent customer focus and commitment to quality
• Demonstrated leadership talents in coaching and motivating staff to achieve objectives.
• Strong business acumen with ability to communicate complex actuarial concepts and results in a clear, concise, easy to understand manner.
• Understanding of Axis modelling & output

About Manulife and John HancockManulife 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 Hong Kong.Manulife is an Equal Opportunity EmployerAt 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 .Salary & BenefitsThe annual base salary for this role is listed below.Primary Location Toronto, OntarioSalary range is expected to be between $103,050.00 CAD - $185,490.00 CADIf you are applying for this role outside of the primary location, please contact 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 for more information about U.S.-specific paid time off provisions.

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