Actuarial Intern
Quezon City, PH
4d ago

Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.

Job Description

Actuarial Internship Program

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 Services Division provides actuarial services to Manulife business areas across Asia and North America, including asset modelling, liability modelling, experience studies and valuation work.

We encourage career development through our rotation program to explore various roles to gain a broader knowledge and experience base.

Additionally, we offer support for pursuing actuarial designations with the Society of Actuaries (SOA) and Actuarial Society of the Philippines

The Actuarial Internship Program is a development program to run for at least 4 weeks, which offers high potential university students the opportunity to gain knowledge on practical applications of the different actuarial concepts and to be exposed to the different roles and responsibilities of an actuarial staff in MBPS.

The program aims to develop the actuarial skills of university students who aspire to become the actuaries of tomorrow and to give them opportunity to prepare for and be exposed in the actuarial field in a corporate environment.

The actuarial intern should be able to commit to self-development, accountability, and responsibility.

Responsibilities :

Internship students will gain exposure and provide assistance to assignments related to one or more of the following :

  • Develop process documentation and controls
  • Validate actuarial cashflows and assumptions
  • Maintain and run valuation models for monthly / quarterly reserve calculation and financial reporting
  • Develop and test actuarial models in GGY Axis or other software
  • Complete mortality, lapse and other experience studies for various Manulife businesses
  • Analyze reserves, capital and risk calculations and provide commentary on results to management
  • Qualifications :

  • At least 2nd year student pursuing a Bachelor’s Degree in Actuarial Science, Mathematics, or Statistics
  • Basic knowledge in various actuarial concepts and their application to life insurance probability, interest theory, life contingencies
  • Demonstrated strong quantitative, analytical and problem-solving skills
  • Ability to communicate output clearly and concisely both orally and in writing
  • Strong interpersonal skills
  • Familiarity with database software and Microsoft Excel
  • Driven to attain designation in any recognized actuarial organization (e.g., SoA, ASP)
  • Requirements :

  • Curriculum Vitae or Resume
  • Transcript or Copy of Grades
  • Outline of Activities :

    First Week

  • Introduction to the Program
  • Onboarding
  • Training (introduction to concepts and applications being used in the department)
  • Job matching (identification of the most appropriate task / s to be given to the intern)
  • Second Week onwards

  • On-the-job engagement
  • Final Week

  • Final Project presentation
  • If you are ready to unleash your potential, it’s time to start your career with Manulife / John Hancock.

    About Manulife

    Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better.

    With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States.

    We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions.

    At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers.

    As of March 31, 2020, we had $1.2 trillion (US$0.8 trillion) in assets under management and administration, and in the previous 12 months we made $30.

    4 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years.

    We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

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