Senior Actuarial Associate Senior Analyst
Senior Actuarial Associate Senior Analyst
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
The Variable Annuity Hedging (VAH) team within the General Account Investment Division is responsible for establishing and managing hedging programs at Manulife Financial. The program currently manages both the companys balance sheet equity risk through the Macro program and the market risks associated with variable annuity (VA) and indexed universal life (IUL) products.
There are two subgroups within Variable Annuity Hedging: Strategy and Actuarial Modeling. This position is within the Actuarial Modeling role provides the opportunity to develop a strong understanding of our hedging programs and various aspects of VA and IUL such as product features hedging strategies financial reporting capital and modelling. It also provides the opportunity to learn about financial hedging and the derivatives market as well as interact with many corporate areas and business units.
This role is ideal for a team player who is highly motivated and would like to participate in high profile projects relating to hedging and learn more about the derivatives market. The successful candidate will have the opportunity to develop critical and transferable skills: quantitative communication systems programming and strategic thinking.
Responsibilities:
Become an expert user of our hedging systems. Test and implement improvements to existing hedging models and daily hedging operations.
Maintain PathWise integration in Hedging systems through Python scripting.
Review hedging liability grid results and assist with performance attribution.
Support the IUL hedge cycle in calculating the hedge exposures and analyze the monthly hedge exposure movements.
Partner with key stakeholders to support the migration of the IUL admin system and hedge exposure calculator to new platforms.
Collaborate with multiple stakeholders to expand the scope of IUL hedging operation to other geographies and product lines.
Work with the VAH Strategy and IT teams to enhance the database infrastructure and ensure system readiness for new product features and offerings.
Cooperate with multiple stakeholders to build the inhouse IUL hedge exposure calculator to introduce further efficiencies with our hedging program.
Work with VAH Strategy Team to develop and quantify impacts of new hedging strategies.
Interact with Group Finance Actuarial Capital Risk Oversight and divisional modelling and valuation teams to validate and explain hedging results.
Update and propose changes to the equity option and swaption calibration methods and assumptions.
Recommend hedging decisions using analysis data and modelling.
Support regular stress testing and reporting of liabilities and Greeks.
Qualifications:
Bachelors degree in Actuarial Sciences Business Finance Math or a related field
Actuarial experience or knowledge of actuarial concepts
Minimum 3 years of experience in the financial industry
Strong actuarial or quant analytical and problemsolving skills
Process and resultoriented with strong attention to details
Proactive and able to work both independently and collaboratively with team members
Strong communication and interpersonal skills to deal with multiple stakeholders from different backgrounds at the same time.
Organized and able to manage complex processes
Knowledge of Python or a similar programming language
Stochastic modelling and quantitative modelling knowledge are assets
When you join our team:
Well empower you to learn and grow the career you want.
Well recognize and support you in a flexible environment where wellbeing and inclusion are more than just words.
As part of our global team well support you in shaping the future you want to see.
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 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 pregnancyrelated 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 .
Primary Location
Working Arrangement
Salary range is expected to be between
$71925.00 CAD $119875.00 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 jobrelated 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 longterm 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 paid time off provisions.
Required Experience:
Senior IC
Employment Type
Full-Time
