This role is to be based in Yangon, Myanmar.

Position Responsibilities:

• Product & Pricing (40%)
  • Lead the design, pricing, and profitability analysis of innovative insurance products.
  • Develop and implement pricing strategies that balance competitiveness with profitability.
  • Collaborate closely with distribution, marketing, and product teams to align pricing with market needs and sales strategies.
  • Partner with the Regional Office to secure approvals for new product launches.
  • Proactively work with local regulator to secure product approvals and participate in industry sessions to promote actuarial expertise and knowledge.
  • Provide actuarial insights to influence product strategy and new business planning at the senior management level.
• Strategic Projects (20%)
  • Closely involved in company’s strategic projects where actuarial expertise is required. Examples of project scope include distribution growth strategy, capital optimization, etc. 
  • Support the development and execution of company-wide strategies by delivering data-driven recommendations and scenario analyses.
  • Ensure alignment between actuarial outputs and broader business objectives, fostering a unified approach to achieving company goals.
• Valuation Reporting and Projects (15%)
  • Ensure compliance with local regulatory requirements and international standards. Collaborate with local regulatory body on the development of insurance regulations, including local reserve requirement, solvency.
  • Work closely with controllers team and Regional Office to ensure accurate reporting of financial statements.
  • Support relevant actuarial projections as required by Chief Actuary and/or Chief Financial Officer. Examples of projects are annual experience study, implementation of new local regulations.
• Financial Planning & Analysis (15%)
  • Act as a key liaison in actuarial team with FP&A team during regular forecasting process and annual financial planning cycle, including but not limited to analysis on P&L, new business profitability, capital requirement, collaborating closely with controllers team as well as other functions.
  • Monitor financial performance and identify potential risks and opportunities in the forecast and recommend actions to mitigate risks and capitalize on opportunities. Provide strategic financial insights to support business decision-making.
• Team Leadership (10%)
  • Support Chief Actuary in mentoring junior onshore & offshore actuaries, fostering a collaborative and high-performance culture.
  • Promote best practices and innovative approaches within the actuarial team.

Required Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• At least Associate of a recognized actuarial professional body (e.g., SOA, IFoA) with good exam progress towards Fellowship.
• Minimum of 7 years of actuarial experience, with at least 2 years in a managerial role.
• Strong knowledge of valuation, pricing, and FP&A processes.
• Excellent analytical, attention to details, problem-solving, and decision-making skills.
• Proficiency in actuarial software and tools (e.g., Prophet, Moody’s AXIS)
• Strong communication and interpersonal skills.
• Ability to work effectively in a fast-paced and dynamic environment.
• Experience in Southeast Asia markets is an asset.
• Knowledge of IFRS 17 Standards is beneficial.

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

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].

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