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Associate Actuary, US IFRS Valuation Projects

This role offers an exciting opportunity to play a key role in supporting financial reporting under IFRS17, working closely with a diverse group of seasoned actuarial and accounting professionals. As an Associate Actuary reporting to the US IFRS Project Actuary, you will be tasked with defining solutions for IFRS17 valuation and reporting, gaining in-depth knowledge of sophisticated products, and building relationships with key stakeholders. The position provides ample opportunities to engage in challenging projects, support valuation solutions, and drive process improvements while being part of a flexible and supportive environment. Joining our team means you will be empowered to grow your career, supported in a well-being-focused and inclusive setting, and have the opportunity to shape your future.Position Responsibilities• Support research and investigations on projects, including analysis, solution development, and implementation support.• Drive key projects to understand and explain earnings under IFRS17, particularly for UL, VUL, and IUL products.• Support valuation solutions to streamline reporting processes and provide actuarial expertise.• Develop tools and methods to streamline processes, reduce manual work, and limit errors.• Build thought leadership, provide training and create training material on valuation topics.• Collaborate closely with line actuaries and other professionals across modeling, pricing, accounting, and group actuarial functions.Required Qualifications• FSA/FCIA qualification.• Proactive, self-directed, and able to drive projects forward independently.• Demonstrates flexibility and adaptability in a dynamic work environment.• Detail-oriented with excellent analytical and problem-solving skills.• Strong verbal and written communication skills to convey technical concepts.• Ability to work collaboratively with individuals from various areas.Preferred Qualifications• Knowledge of US products and financial reporting history.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 HancockManulife 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 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 recruitment@manulife.com.Primary LocationToronto, OntarioWorking ArrangementHybridSalary range is expected to be between$84,375.00 CAD - $151,875.00 CADIf 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.

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$84375K
$151875K

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What You Should Know About Associate Actuary, US IFRS Valuation Projects, John Hancock

We're excited to introduce you to the Associate Actuary position at Manulife, where you'll dive into the world of US IFRS Valuation Projects right in Boston, MA! This role is not just about crunching numbers; it's about collaborating with a talented mix of actuarial and accounting experts, all while contributing to financial reporting under IFRS17. Imagine defining solutions for IFRS17 valuation and reporting, acquiring substantial knowledge of complex products, and establishing strong relationships with key stakeholders along the way. You'll be engaged in challenging projects that not only support valuation solutions but also drive meaningful process improvements in a flexible environment. We believe in empowering you to advance your career within a well-being-focused and inclusive workplace. Here, your ability to research, analyze, and develop innovative tools will be key. Your proactive nature will shine as you explain earnings under IFRS17 for UL, VUL, and IUL products, streamlining processes and reducing errors. If you're a detail-oriented self-starter with the FSA/FCIA qualification, strong analytical skills, and a knack for communication, Manulife is the perfect fit for you. Join us, and you'll have the chance to learn, grow, and help shape the future of financial services!

Frequently Asked Questions (FAQs) for Associate Actuary, US IFRS Valuation Projects Role at John Hancock
What are the main responsibilities of an Associate Actuary at Manulife?

As an Associate Actuary at Manulife, your primary responsibilities will include supporting the research and investigations for IFRS17 valuation and reporting and driving projects that help explain earnings for UL, VUL, and IUL products. You'll also work on developing solutions to streamline reporting processes, enhance actuarial expertise, and create training materials.

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What qualifications are necessary for the Associate Actuary position at Manulife?

To qualify for the Associate Actuary position at Manulife, candidates must hold an FSA/FCIA qualification. Additionally, being proactive, detail-oriented, and having strong analytical and communication skills is essential for successfully driving projects in this dynamic environment.

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How can an Associate Actuary at Manulife contribute to process improvements?

An Associate Actuary at Manulife can contribute to process improvements by developing innovative tools and methods that streamline processes and reduce manual work, ultimately limiting errors. Your analytical skills and proactive approach will enable you to identify areas for improvement across valuation solutions.

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What type of projects will I work on as an Associate Actuary at Manulife?

In the Associate Actuary role at Manulife, you will engage in key projects that focus on understanding and explaining earnings under IFRS17. You'll have the opportunity to work on various actuarial aspects of UL, VUL, and IUL products, making your contributions vital to our mission.

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Can you describe the work environment for an Associate Actuary at Manulife?

The work environment for an Associate Actuary at Manulife is inclusive and supportive, providing flexibility as you collaborate with various professionals across modeling, pricing, accounting, and actuarial functions. We emphasize well-being and growth, ensuring you have the tools and opportunities to thrive.

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Common Interview Questions for Associate Actuary, US IFRS Valuation Projects
What motivated you to apply for the Associate Actuary position at Manulife?

To effectively answer this question, reflect on what drew you to Manulife's commitment to innovation and diversity. It’s beneficial to show enthusiasm for the specific projects highlighted in the job description and explain how they align with your career aspirations.

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How do you handle changes in deadlines or project scope as an Associate Actuary?

When discussing your approach, highlight your flexibility and adaptability. Use specific examples from past experiences where you successfully adjusted to shifts in project requirements to demonstrate your reliability and effectiveness in a changing environment.

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Can you describe your experience with IFRS17 and its implications for actuaries?

In your response, detail your understanding of IFRS17. Discuss previous work experiences where you dealt with similar frameworks or had to analyze financial reporting implications, showcasing your analytical skills and familiarity with the relevant concepts.

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How do you prioritize tasks when working on multiple projects as an Associate Actuary?

Share your method for prioritizing tasks, like assessing project impact and deadlines. Illustrate your organizational skills with examples, emphasizing your ability to manage multiple projects successfully while maintaining high-quality work.

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What tools or methods have you used to streamline actuarial processes?

Discuss specific tools or programming languages you are familiar with, such as Excel, R, or Python, and how you have used them to improve efficiency in your previous roles. Sharing a success story where your contribution led to significant process improvements will strengthen your answer.

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How do you approach building relationships with stakeholders as an Associate Actuary?

Explain your strategy for effective communication and collaboration with stakeholders. Mention the importance of understanding their needs, providing support, and how building trust can lead to better project outcomes, backed by examples from past experiences.

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Describe a challenging project you worked on as an actuary. What was your role?

Use the STAR (Situation, Task, Action, Result) method to describe the project, focusing on your specific contributions. Highlight your technical skills, teamwork, and any obstacles you overcame, reflecting how these experiences make you a suitable candidate for Manulife.

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What role does technology play in your work as an actuary?

Emphasize the importance of technology in actuarial tasks, such as modeling, data analysis, and reporting. Provide examples of how you've leveraged technology to improve accuracy and efficiency in your previous roles, showcasing your tech-savvy nature.

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How do you ensure accuracy in your actuarial work?

Discuss your methods for maintaining accuracy, such as thorough review processes, cross-checking with initial data, or utilizing specific software tools. Illustrating your attention to detail and commitment to quality will enhance your response.

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What do you see as the most important qualities for success as an Associate Actuary?

Outline key qualities like analytical skills, adaptability, strong communication, and the ability to work collaboratively. Relate these qualities back to the specific expectations highlighted in the job description, ensuring they align with Manulife's values.

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At John Hancock, we’re working hard to make decisions easier and lives better. It’s what drives us every day and is at the core of everything we do.

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Full-time, hybrid
DATE POSTED
December 1, 2024

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