Senior Financial Analyst, Reinsurance COE
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Job Location:
Monthly Salary:
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
This position is part of the Global Reinsurance Center of Excellence a team that has recently transitioned from focusing solely on reinsurance activities within the United States to progressively managing transactions across all of Manulife. This expansion aligns with our strategic goal to optimize our portfolio via reinsurance. The teams core responsibility is to deliver timely and accurate financial information relating to complex affiliate and external reinsurance treaties.
In this role you will lead the analysis of reinsurance treaties and legal entities. This includes conducting in-depth analyses of reinsurance outcomes presenting your findings and overseeing the review and implementation of new reinsurance treaties. You will ensure the consistent and accurate application of reinsurance calculations and accounting models throughout our Asian operations.
This employee will also be expected to manage and own special projects related to the implementation of new accounting standards operational initiatives or treaty agreements. These projects will involve interacting and working directly with Global Finance IT and Actuarial teams.
Position Responsibilities:
Prepare reinsurance settlements and analytical reporting for internal and external treaties multiple accounting bases (IFRS17 local STAT Tax and Bermuda STAT) for complex reinsurance treaties
Compile and review reinsurance related footnote disclosures and reinsurance related Annual Financial Statement schedules
Present reinsurance financial results to stakeholders on a quarterly basis
Define and evaluate new reinsurance treaty accounting models and calculation methodologies
Collaborate with global IT Actuarial Finance and Investments teams to manage changes in systems and processes due to new accounting standards operational initiatives or new treaty agreements to ensure timeliness and integrity of financial data necessary to calculate and record treaty activity
Required Qualifications:
Finance or Accounting degree and a minimum of 4 or more years post-graduate experience.
Ability to learn and apply a large amount of technical accounting material
Dedicated to continual process improvement with strong internal controls and ability to adapt well to change
Strong computer skills using Microsoft Applications particularly Excel and PowerBI
Experience with and knowledge of Essbase
Knowledge of insurance industry and reinsurance
Strong written and oral communication skills
Must be well-organized innovative and possess a high level of initiative.
Curiosity and a commitment to understand complex financial transactions is essential.
Excellent analytical research and problem-solving skills
Ability to multi-task and manage priorities in a demanding and deadline-oriented environment
Comfortable working with senior levels of management and able to cope in a fast paced dynamic work environment
A team player who possesses a positive self-starter attitude and work ethic
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:
Senior IC
Key Skills
- Cognos
- Forecasting
- Hyperion
- Financial Concepts
- Pivot tables
- Accounting
- Analysis Skills
- Microsoft Excel
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Planning
About Company
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.
