Actuarial Pricing, Intern
Actuarial Pricing, Intern
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Job Description
Manulife Pricing Interns are exposed to a multitude of modelling and pricing techniques and will be involved in all stages of the pricing process. There is a strong learning culture within the team and interns are encouraged to be pro-active about any questions or doubts they might have; be it to clarify about the tasks given technical difficulties or even actuarial concepts. Interns work on tasks that materially affect the pricing process and the team does not shy away from trusting interns with more technically demanding jobs if capability in doing so is demonstrated.
Position Responsibilities:
- Act as peer reviewers of the teams pricing models. This involves exposure to AXIS (actuarial software) and gives interns insight into how each benefit and reserve component is modelled in a life-insurance company.
- Custom pricing. Interns perform ad-hoc pricing on special requests to provide better value to customers whilst not exceeding company risk appetite and lower bounds for profitability.
- Build Policy illustration templates and calculations. These calculations will be used as reference for the IT team for building these new products in the Manulifes live illustration engine.
- UAT testing for new product launches. This involves extensive use of excel and the writing of macro programs (VBA) to expedite the checking process.
- Other ad-hoc tasks
Required Qualifications:
Currently enrolled in a Bachelors degree in Actuarial Science or a related field.
Able to commit a minimum of 4 months starting from Aug or Sep till Dec
Self-motivated with a strong desire to learn
Attention to detail
Basic knowledge of Microsoft Excel
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 well-being 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 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 .
Working Arrangement
Required Experience:
Intern
Employment Type
Full-Time
