The mandate of the Capital Management team within the Group Actuarial area is to oversee the Companys 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 position of Actuarial Associate Stress Testing will play a key role in various stress testing functions and projects within Capital Management. The stress testing team is responsible for quarterly LICAT economic sensitivities projection of LICAT capital annual FCT analysis ad hoc stress testing internal target capital ratio(s) and the quarterly LICAT forecast.
Position Responsibilities:
Quarterly LICAT economic sensitivities
Projection of LICAT capital components for the annual business plan
Modelling and reporting of financial impacts for the annual Financial Condition Testing (FCT) analysis and year-over-year movement analysis
Modelling and reporting for ad hoc stress testing analysis
Preparation of presentational material for Head of Capital Management
Preparation of capital inputs for Own Risk Solvency Assessment
Provide capital support to other areas
Collaborate on LICAT FCT and forecast process improvements and changes
Required Qualifications:
ASA/ACIA qualification or actively working towards the designations
Bachelors degree
2 years of relevant actuarial work experience
Knowledge of Microsoft Excel Word and PowerPoint
Preferred Qualifications:
Strong analytical and problem-solving skills as well as ability to process large amounts of information and summarize effectively
Ability to manage time effectively and deliver high-quality results under tight deadlines
Detailed oriented with high level of accuracy
Strategic thinker with excellent analytical and problem-solving abilities
Strong professional judgement ability to assess risks as well as to effectively identify opportunities for improved efficiency
Solid interpersonal and communication skills with the ability to communicate with people at multiple levels
Ability to work collaboratively with individuals in Group Finance and other areas of the Company
Familiarity with SQL VBA data visualization tools such as macros and Power Query in Excel an asset
When you join our team:
As part of our global team well support you in shaping the future you want to see.
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.
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 .
Referenced Salary Location
Toronto OntarioWorking Arrangement
Salary range is expected to be between
$62450.00 CAD - $112450.00 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 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 for more information about U.S.-specific paid time off provisions.
Required Experience:
IC
Manulife is a leading financial services group. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions.