We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement

Hybrid

Job Description

The Opportunity

The customer is the focus of everything we do, and millions of end users rely on our products and services daily. We believe in the value of empowering our Director/Senior Director, Par Management Actuary with the resources to enhance and achieve our business performance objectives for the future of our business, which is why we need you.

The Hong Kong Corporate Actuarial acts as financial management hub, providing professional advice and services to senior management in the state-of-the-art actuarial areas across IFRS17 valuation reporting and analysis, Hong Kong RBC capital valuation and management, business planning and forecasting, participating business and reinsurance management, as well as statutory financial reporting duties to the regulators.

Reporting to the Hong Kong Chief Actuary, this role is heading the participating business (‘Par’) management, accountable for leading the company’s Par policyholder dividend recommendation, Par fund guideline compliance, and other related reporting such as fulfilment ratio disclosure. This role will also support chief actuary in Par valuation and product review, and support business financial planning processes. He or she will also be a member of the senior actuary leadership team.

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:

• University Degree holder

• Professional actuarial qualifications.

• At minimum 10 years’ experience in insurance relevant industry

• Solid actuarial knowledge and experience in par valuation and dividend management

• Strong technical, analytical and problem-solving skills

• Strong communication, presentation and influencing skills

• Team leader who good at coaching and inspiring people

• Able to manage to work flexibly under dynamic business environment

• Effective command of English, both spoken and written

• Experience in Hong Kong market par fund management an asset, yet not a must

• Experience in AXIS actuarial modeling an asset, yet not a must

On the job you will:

• Lead participating (‘Par’) policyholder dividend recommendation processes, formulate proposal to chief actuary, and facilitate stakeholders’ review including Canada group office.

• Ensure compliance to regulatory requirements such as Hong Kong GL16, relevant guidelines in Macau and Canada, as well as other internal Par policies. This also includes the upcoming Par fund management guideline developed by Hong Kong Insurance Authority (‘IA’).

• Manage the team members to deliver the abovementioned end-to-end processes including production of underlying actuarial calculations, Par governance policy regular review, dividend report to group office and the company’s board of directors, fulfilment ratio reporting, and coordinate the dividend scale implementation in system.

• Provide advice to chief actuary in specialized topics on Par valuation and product.

• Lead other department priorities such as business financial planning.

• Provide leadership and coaching to junior actuaries in the team.

• Champion reporting processes improvement and efficiency.

Individual Accountabilities:

• Professional comment, review, and actuarial analysis in responsibilities above.

Key Shared Accountabilities:

• Actuarial related governance and approval, through providing advice to Chief actuary.

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

Learn more about opportunities with us at jobs.manulife.com

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 .