The Opportunity

Do you want to join a growing team in a high-performance culture that provides leadership and technical development opportunities? We are currently searching for a talented and driven individual to join our Myanmar Valuation team within our MBPS Actuarial Function. The role is accountable for performing various actuarial valuation services for our valuation team supporting one of Manulife’s businesses in the emerging markets – Myanmar.

Established in 2012, MBPS Actuarial has become an actuarial center of excellence, with over 160 staff and growing, along with increasing range and ownership of deliverables, specializing in Valuation, Liability and Asset Modelling, Experience Analytics, Pricing, and more.

MBPS Actuarial offers a wide range of global opportunities across multiple actuarial disciplines, a high performing culture, a market leading actuarial development program, a job rotation program, and a leadership team dedicated to your growth and success.

What motivates you?

• You obsess about customers, listen, engage, and act for their benefit 
• You think big, with curiosity to discover ways to use your agile mindset and enable business outcomes 
• You thrive in teams, and enjoy getting things done together
• You take ownership and build solutions, focusing on what matters 
• You do what is right, work with integrity and speak up
• You share your humanity, helping us build a diverse and inclusive work environment for everyone 

We are looking for someone with:

• Bachelor’s Degree in Actuarial Science, Mathematics, or Statistics
• At least 5 years of actuarial work experience with life insurance companies, financial services, and outsourcing services
• Significant progress towards attaining an Associate designation in any recognized actuarial organization (SOA, ASP).
• Strong technical and analytical skills, with experience in applying actuarial concepts to independently model and analyze actuarial reserves and sources of earnings
• Experience with GGY Axis and knowledge on VBA would be an asset
• Excellent oral/written communication skills; ability to present complex analysis, research and findings at various levels in an organization.
• Strong ability to establish priorities and manage multiple tasks with accuracy and attention to detail;
• Ability to work in an evolving and dynamic environment and resilient to pressure
• Self-motivated with strong interpersonal skills and has demonstrated team collaboration
• An innovative mindset, with experience in implementing value added improvements to the business
• Passion to grow and driven to be recognized as a trusted business partner

On the job you will:

• Establish and maintain valuation model, reporting templates, and valuation process for Myanmar in accordance with the Corporate Valuation Standards and Local Regulatory Requirements
• Calculation of reserves quarterly and monthly under Canadian IFRS and local bases, analyze the movement and trend of reserves, and prepare commentary on results to the Chief Actuary
• Become a person of contact when engaging with various departments (actuarial, finance, distribution, operations, etc.) to provide technical support for any questions raised
• Production of modeling, analytics, reporting (where applicable) based on Group Finance Actuarial such as, but not limited to, new business gains, sources of earnings, new business value, monthly expense allowable, basis changes, liability cashflow projections, capital requirements, core earnings forecast, business review, and other regulatory reporting requirements
• Prepare the valuation basis memo to secure the approval of valuation assumptions from Regional Actuarial Services / Group Finance Actuarial
• Maintenance of the model for any assumption update, inclusion of new products, and model changes (including other initiatives like reinsurance)
• Support the discussion with local regulators on the establishment of local regulatory frameworks (like reserve and capital)
• Execute and adhere to the valuation controls based on Valuation Control Framework Requirements where applicable; support the internal and external audit exercise by maintaining process documentation and evidence of controls; model vetting and adoption of modeling best practices in accordance with model risk management and audit recommendations
• Perform additional tasks and ad hoc valuation initiatives assigned by the Chief Actuary or Chief Financial Officer from time to time

Our commitment to you: 

• Our mission; to be a part of making Decisions Easier and Lives Better
• A leadership team dedicated to your growth and success 
• A bold ambition and set of goals to be a leader in driving transformation in our industry 
• Our best. Every day. 

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 https://www.manulife.com/en/about/our-story.html.

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].

Hybrid