Actuarial Assistant
Quezon City, PH
6d ago

Job Description

Manulife Business Processing Services (MBPS) is a global resourcing organization for Manulife Financial, a leading multinational financial services company headquartered in Canada, operating as John Hancock in the United States and as Manulife in the rest of the world.

The MBPS Actuarial department provides actuarial services to Manulife business areas across Asia and North America, specializing in model validation, experience studies and valuation work.

In addition to providing exciting work in the actuarial field, our Actuarial Development Program also offers strong support and incentives for writing Society of Actuaries (SoA) exams, as well as the opportunity to rotate periodically into new roles to gain a broader knowledge and experience base.

We are currently searching for talented and motivated individuals with prior actuarial experience, to help our team grow.

The desired qualifications and anticipated job responsibilities are listed below. Interested candidates may submit their application by following the link to the Careers page at www.

The incumbent will be responsible for calculating IFRS reserves using the Canadian Asset Liability Method (CALM) and providing analysis of IFRS investment earnings for all business units.

This includes performing market sensitivity and asset trading analysis, explaining the Investment Gains Memo (a major component of SOEs), and quantifying basis changes.

Key Accountabilities :

1. Work with the business side on reserve and earnings analysis each quarter.

2. Assist in quarterly asset model update, which includes running Moody's Analytics software for structured assets, stressed asset modeling for EC, updating all investment / reinvestment assumption, model enhancements, model documentation, and adding new asset types or reinvestment assets when needed.

3. Run models for all the production work requirements, depending on the resource needs of each reporting cycle. Provide analysis for quarterly reporting and major initiatives (reinsurance transactions, asset trades, etc.

that receives very high visibility from senior management.

4. Identify and implement process improvements, including automation of manual tasks where possible, to increase efficiency and transparency while minimizing the risk of errors.

Providing analysis for quarterly reporting and major initiatives (reinsurance transactions, asset trades, etc.) that receives very high visibility from senior management.

Minimum Requirement to Hire :

  • Strong computer proficiency MS Excel and Excel VBA
  • Knowledge of the terminology and concepts of actuarial reserves gained through the writing of professional actuarial exams
  • Proficient in Moody’s Analytics AXIS software
  • Minimum Experience :

  • At least 0-2 years of actuarial work experience with Insurance Companies and / or Financial Services
  • Must pass current job expectations and meet performance metrics.
  • Education :

  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics
  • Driven to attain designation in any recognized actuarial organization (e.g. SoA, ASP).
  • Soft Skills :

  • Excellent comprehension, analytical and decision making skills
  • Self motivated and directed, with keen attention to detail.
  • Good interpersonal, written, and oral communication skills.
  • Experience working in a team-oriented, collaborative environment.
  • Able to prioritize and execute tasks in a high-pressure environment.
  • Strong verbal & written communication skills within a matrix organization.
  • Complex stakeholder management
  • Technical Skills :

  • With strong understanding of MS Office applications.
  • Excellent troubleshooting and problem solving skills
  • Proficient in Moody's Analytics AXIS software
  • Knowledge in SQL, Qlik an advantage
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