Segfund Pricing Lead, Manager

Job Summary:

Join our Guaranteed Wealth Solutions (GWS) business, which is on a mission to become the undisputed leader in Canada by 2027 by offering the best-in-class investment platform. Our ambition is to dominate the Segregated Fund market and expand our Fixed Income solutions. We are committed to delivering a product shelf that adapts to our customers’ evolving needs and helps manage their financial well-being in any market scenario.

Reporting to the Director of GWS Pricing, the successful candidate will play a pivotal role in developing and executing the pricing strategy for Segregated Funds. This role is perfect for someone who can independently manage projects, take ownership of initiatives, and wants to make an impact!

The ideal candidate will be a model expert with strong technical and modeling skills, capable of working cross-functionally to drive the business forward. You will contribute to the analysis and development of recommendations that balance the needs of our customers, shareholders, and employees. Success will be measured by achieving profitable growth and ensuring the long-term financial health of our organization.

Key Accountabilities:

Technical Expertise

• Build and maintain the Segregated Funds pricing model, including actuarial assumptions for profitability, reserves, and capital projections.
• Conduct financial analyses and provide data-driven recommendations on financial and non-financial risks.
• Ensure products and business initiatives meet profitability and risk goals as per Corporate Pricing Standards.
• Provide pricing support and build business cases for strategic projects and investments.
• Prepare and present Product Proposal Outlines and Product Pricing Reports for risk assessments and product launches.

Business Planning, Profitability and Reporting

• Identify, measure, and report risks of new business, including non-financial risks, ensuring alignment with the company's risk appetite.
• Oversee new business profitability reporting, including embedded value and lifetime return on capital.
• Take ownership of the new business plan and be a key contributor to the overall business strategy.

Project Management and Leadership

• As a key member of a high performing team, mentor and develop junior actuarial staff by coaching them on technical concepts and soft skills.
• Collaborate with cross-functional teams - such as Group Financial Actuarial, Valuation, Capital, Finance, Risk, Product, Sales & Distribution and more - to drive business growth.
• Present initiatives and results to senior management.
• Oversee and ensure flawless execution of initiatives.

Job Requirements (Knowledge/Skills/Competencies):

• Actuarial designation (FSA, FCIA) with 3+ years of relevant experience in progressive actuarial roles.
• Strong technical skills in actuarial modeling (Pathwise/AXIS), assumption development, reserving, and capital requirements, with the ability to review and analyze data for root causes and drivers.
• Knowledge of Segregated Fund products, IFRS17, LICAT, hedging, taxation, and financial markets will be an asset.
• Clear and concise communicator, capable of explaining complex actuarial concepts and results.
• Self-starter with excellent problem-solving and analytical abilities, able to work independently using sound judgment.
• Maintains composure and confidence in high-pressure situations, demonstrating persistence in overcoming setbacks.
• Results-oriented, adept at managing expectations, meeting tight deadlines, and prioritizing competing tasks.
• Strong business acumen, with the capability to build relationships across functions and influence business outcomes.
• Growth mindset and lifelong learner with a desire to challenge the status quo.

Global Grade: 7

Location: Canada wide

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 recruitment@manulife.com.

Salary range is expected to be between

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com 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 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 and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact recruitment@manulife.com for more information about U.S.-specific paid time off provisions.