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Working Arrangement
Hybrid
Job Description
The Opportunity
We are currently searching for a talented and driven individual to join our Global Asset Modelling team within our MBPS Actuarial Function as a Portfolio Modelling Manager. Established in 2012, the team has become an actuarial center of excellence, with over 160 staff and growing, along with increasing range and ownership of deliverables, specializing in Valuation, Liability and Asset Modelling, Experience Analytics, Pricing, and more.
MBPS Actuarial offers a wide range of global opportunities across multiple actuarial disciplines, a high performing culture, a market leading actuarial development program, a job rotation program, and a leadership team dedicated to your growth and success.
What motivates you?
You obsess about customers, listen, engage, and act for their benefit.
You think big, with curiosity to discover ways to use your agile mindset and enable business outcomes.
You thrive in teams and enjoy getting things done together.
You take ownership and build solutions, focusing on what matters.
You do what is right, work with integrity and speak up.
You share your humanity, helping us build a diverse and inclusive work environment for everyone.
We are looking for someone with:
Bachelor’s degree in Mathematics, Finance, Accounting or Management Engineering
Strong understanding of Investment theory and terminology, as well as financial accounting concepts. This may be derived from academic study or related work experience.
Demonstrated ability to develop and interpret more advanced models involving overall business strategies. Capable of working outside of standard procedures to resolve issues. Tasks performed have a long-term impact on the business and must be highly accurate, i.e., Investment Plan development and cash flow forecasting tasks.
Advanced working knowledge of MS Suite, Macros (e.g., Visual Basic); relational databases (e.g., MS Access); actuarial models (e.g., GGY AXIS).
At least 5 years of directly related portfolio modeling and/or investment accounting experience required.
3-5 years of experience in managing direct reports.
On the job you will:
Investment Results Reporting
Conduct review of the data and commentaries for the quarterly Investment Gains Memo (IGM) for actuals and forecast. The activities include collaboration with various sources and stakeholders to make sure that the data and results presented are accurate.
Lead the direction of research on issues/queries coming from customers as necessary.
Ensure accuracy of the reports by conducting reviews against published guidance and by making sure that controls and checks are well-established.
Lead internal and external audit requirements and prepare process documentations.
Lead process improvements, standardizations, and automations.
Actuarial Model Development
Lead gathering of investment accounting information from various internal sources (e.g., derivatives from Findur, bonds and stocks from the Market Value Data Warehouse, mortgages from Enterprise [Mortgage Accounting system]), screen and question information to ensure accuracy, populate data into GGY AXIS models.
Ensure portfolio yields and durations are viable and accurate. Address and provide guidance for issues and concerns raised by analysts.
Review additional information such as yield curves, spreads and re-investment strategies.
Gain understanding about information required for reserve calculations as prescribed by the Superintendent Office of Financial Institutions.
Review AXIS models and outputs of team members.
Investment Plan Development
Supervise the development of the annual Investment Plan for Surplus segments. Forecasting is an exercise that predicts expected investment returns (yields and dollars of investment income) associated with MFC’s investment portfolios.
Review cash flow information from the Investment Plan and demand report displaying types of new investments for each of the Surplus Segments. Ensure that significant changes are analyzed and explained.
Miscellaneous
Work on ad-hoc projects as assigned. This may include one-time reports, or projects involving process improvements.
Write and summarize reports and presentations under direct supervision for review, research material as necessary.
Actively participate in department meetings regularly and provide second tier support for all department staff when necessary. Typical support involves writing and debugging queries and setup activities in AXIS.
Provide regular updates to stakeholders during governance meetings and team huddles.
Provide support to team’s business objectives by providing leadership on overseeing projects and initiatives, managing different stakeholders and change management.
Lead the development of the team’s business acumen through providing insightful analyses and train junior staff to develop their competencies.
Perform people manager role for the performance management, professional growth and development of staff which includes feedback sessions, productivity tracking, coaching and regular employee reviews.
Our commitment to you:
Our mission: to be a part of making Decisions Easier and Lives Better
A leadership team dedicated to your growth and success
A bold ambition and set of goals to be a leader in driving transformation in our industry
Our best. Every day.
About Manulife and John Hancock
Manulife 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 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 .