Manulife
Financial Services
AssociateActuary-ULValuation
Neural analysis suggests this role is
optimal for Mid candidates.
“Associate Actuary - UL Valuation at Manulife. Skills: Universal Life, Actuarial valuation, IFRS17, Reserves, Capital calculations. Contribute to change management. Contribute to process improvement”
What You'll Achieve.
Deliver accurate results; Deliver efficient results; Ensure integrity of reserves; Ensure integrity of capital calculations; Develop value generating initiatives
Industry & Context.
Identify root causes; Problem-solving; Analytical skills
What They're Looking For.
Must Have
Actuarial designation (FSA, FCIA, ASA), 5+ years progressive actuarial roles, Advanced technical knowledge, Sound judgment, Problem-solving skills, Analytical skills, Ability to communicate complex topics, Interpersonal skills
Nice to Have
Previous Moody's Axis experience, Bilingualism (English and French)
What You'll Do.
Contribute to change management
Contribute to process improvement
Automate valuation reporting process
Deliver professional work products
Satisfy modelling requests
Contribute to IFRS reserves production
Contribute to LICAT capital production
Contribute to basis change activities
Contribute to financial reporting/disclosures
Support communications to senior management
Contribute to strategic initiatives
Develop subject matter expertise
Develop relationships
How You'll Work.
Team & Collaboration
Actuarial business partners; Senior management; Other functions; Pricing; Inforce management; Risk management; Operations; Accounting; Group Capital Management
Communication Scope
Communicate complex topics; Vulgarize technical topics; Senior management communication; Non-technical function communication
Process & Methodology
Manage expectations, Manage competing priorities
Full Job Description
Reporting to the UL line actuary, this position offers a unique opportunity to develop highly sought-after expertise on the Universal Life’s line of business, one of the largest and most complex business lines of the Canadian segment. In this role, you will support our mission to deliver accurate and efficient actuarial results and solutions, while building strong product knowledge and developing a solid IFRS17 foundation. As part of our team, the UL Associate Actuary fulfills a critical role in ensuring the integrity of reserves and required capital calculations, explaining the drivers of quarterly earnings, and collaborating with peers from other functions to develop and implement value generating business initiatives. **Position Responsibilities:** _Actuarial Modeling_ * Contribute to change management activities to meet stakeholder needs and company initiatives. * Contribute to process improvement initiatives to further automate the UL end-to-end valuation reporting process. * Contribute to the timely delivery of comprehensive and professional work products to satisfy the actuarial modelling requests of actuarial business partners. _Financial Reporting_ * Contribute to quarterly IFRS reserves and LICAT required capital production and reviews. * Contribute to UL annual basis change activities. * Contribute to annual financial reporting/disclosures of actuarial results, such as sensitivities and Appointed Actuary’s Report. * Analyze results and support communications to senior management. _Add Hoc Support on Business Initiatives_ * Contribute to strategic initiatives driven by other functions. _Leadership and Management_ * Develop sought-after subject matter expertise on UL model, products and assumptions. * Develop and manage relationships across the Canadian segment and with corporate functions (example: pricing, inforce management, risk management, operations, accounting, and Group Capital Management, to name a few). **Required Qualifications:** * Actuarial des
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