The mandate of the Capital Management team within the Group Actuarial area is to oversee the Company's global capital management policy and, in partnership with other key stakeholders, ensure that the company maintains its strong capital position within the industry and efficiently meets regulatory, rating agency and other capital expectations. 

The Capital Management team is responsible for all Canadian capital regulatory filings as well as reporting and analysis to senior management on various aspects of capital.

As a member of the Capital Management team reporting to the AVP responsible for LICAT Interest Rate Risk and the LICAT System, this position will be responsible to all aspects of LICAT Interest Rate Risk (IRR) from par business and fixed income assets, including quarterly reporting, sensitivities and ad-hoc analyses. The role may also be the lead for LICAT Currency Risk and FX Sensitivities.

The successful candidate will work with a dynamic team of highly engaged professionals and will develop an overall understanding of the LICAT guideline and our internal capital reporting process, combined with an ability to leverage input from subject matter experts within Capital Management, the business units and Group Finance Actuarial/ALM. Strong communication skills and the flexibility to adapt to evolving requirements will be key to success.

Position Responsibilities:

• Coordinate the quarterly LICAT reporting of (a) Interest Rate Risk contributed from par business and fixed income assets, and (b) Currency Risk, including the review of submissions, analysis of results and presentation of results to AVP+ leaders
• Lead the quarterly production of FX Sensitivities
• Stay informed of upcoming ALM activities to contribute to quarterly LICAT Forecast and updates to senior management           
• Collaborate with subject matter experts within Capital Management, and with Business Units/Group Finance Actuarial/ALM/Corp Dev on ad-hoc projects
• Support potential LICAT guideline and LICAT system changes
• Mentor and manage an actuarial student on the team

Required Qualifications:

• FSA/FCIA preferred
• A results-oriented and problem-solving mindset, with ability to manage and prioritize projects for timely and successful delivery
• Strong business acumen with ability to communicate complex actuarial concepts and results in a clear, concise, and easily understandable manner
• Solid interpersonal and communication skills to collaborate effectively across various disciplines and influence business partners
• Working experience with par products an advantage

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.

The role being advertised is an existing vacancy.

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 hr@manulife.com.

Referenced Salary Location

Salary range is expected to be between

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. 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. If you are applying for this role outside of the primary location, please contact hr@manulife.com for the salary range for your location.

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

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.