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Hybrid

Job Description

The Actuarial Assistant will play a key role in the daily actuarial functions of John Hancock. They will be a member of the Actuarial Development Program (ADP) and complete various work assignments/projects as directed by the manager. Students will need Excel skills and will gain knowledge in various computer programs (including RStudio, GGY Axis, Python). 

Primary responsibilities include: 

• Update a variety of departmental spreadsheets/templates, and compile, analyze, and report the results of quarterly, yearly, or ad hoc projects as assigned by the manager

• Provide meaningful analysis & interpretation of actuarial results and trends in data

• Communicate results to the manager, department, and/or senior leaders via email or more formal presentations, as needed

• Provide support to more senior actuarial staff as needed

The ADP at John Hancock creates an enjoyable culture of balancing work and pursuit of professional SOA designation. The ADP offers the following: 

• Rotations 

  • Rotate positions within the company every 18-24 months  

  • Roles include core actuarial functions (e.g., Pricing, Valuation, Modeling) as well as non-traditional roles (e.g., Governance, Inforce Management, Capital Management) 

  • Allow students to learn new skills, see different areas of the company, and become a well-rounded actuary 

• Exam Support

  • Ample paid study time 

  • Exam fees & study materials covered by company 

  • Competitive exam raises 

  • Access to a community of students who have recently passed exams  

• Competitive Salary

  • Market competitive salary

  • Exam raises & designation bonuses 

  • Promotional & merit raises 

• Heart of Boston 

  • Office located in Boston’s Back Bay 

  • Close to Newbury St, the Prudential Center, Fenway, Boston Common 

• Hybrid Work Environment 

  • Three days in office – core days are Tuesday, Wednesday & Thursday  

• Social & Networking Events 

  • Semi-annual Pass Party to celebrate the exam successes of the ADP 

  • Catered ADP-wide social event each year (e.g., Game Night, Field Day, etc.) 

  • Scheduled networking events with senior leaders

• Exceptional Work Culture 

  • Paired with senior actuary to serve as mentor

  • Supportive and collaborative work & study environment 

  • Inviting, positive, and fun work atmosphere 

  • Work-life balance & personal wellness are core values 

  • Large ADP program encourages genuine friendships

Requirements: 

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or related field 

• Actively pursuing SOA exams   

  • Minimum 1 SOA exam passed

  • Will be required to write two exams per year 

• Superior aptitude for computer applications, including MS Excel/VBA, MS Access, Python, RStudio, GGY Axis, etc.  While extensive experience with each of these programs is not a requirement, a strong aptitude & willingness to learn is necessary

• Excellent verbal and written communication skills (Effective communication and interpersonal skills to deal with both technical and non-technical audiences; ability to explain concepts and results effectively) 

• Strong analytical and problem-solving skills, and ability to take ownership of projects and drive to completion 

About Manulife and John Hancock

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 Asia, Canada, 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 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.

Manulife 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 [email protected].

The annual base salary for this role is listed below.

Primary Location

Boston, Massachusetts

Salary range is expected to be between

$55,370.00 USD - $102,830.00 USD

If you are applying for this role outside of the primary location, please contact [email protected] 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/John Hancock 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/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify I Pay Transparency

Company: John Hancock Life Insurance Company (U.S.A.)