Senior Specialist, Treaty Documentation

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.

Job Description

About the Role:

The Senior Treaty Specialist, Documentation ensures the timely and accurate completion of reinsurance treaty documentation, within corporate guidelines and with appropriate review and sign-off for Canadian and US reinsurance arrangements. The position approves the set-up of, and changes to, treaty records within the TAI reinsurance administration system and manages the completeness and accuracy of all treaty data and support.

Responsibilities:

• Ensure appropriate review, and revision of Reinsurance treaties for management and client.
• Ensures signed treaty is properly filed.
• Assist in the development of standard wording used in Reinsurance treaties.
• Assesses risks and exposures and negotiates acceptable wording with the client and business unit leaders.
• Ensures each Reinsurance agreement is supported by documentation in the form of Treaties, Amendments, Addenda, Letters of Agreement or Letters of Intent, which are consistent with the quote and intent of any oral or written understanding.
• ⁠Ensures the protection of the Company's business interests, legal position and regulatory compliance through comprehension, negotiation, and prompt completion of documentation.
• Ensures the completeness and accuracy of electronic treaty data, which is used widely for business decisions and the reporting of business.
• Provides analysis of proposed and existing treaty documentation and/or electronic treaty records to Internal and External clients.
• Assists with the development and supports the implementation of new contract wording
• Develops and maintains a strong working relationship with various departments within the segment and across segments.
• Manages small to medium size projects that are driven by a need to update/create/analyze documentation.
• Maintains and assist in updating treaty procedures.

Proficiencies and Qualifications:

• Demonstrated communication and negotiation skills
• Ability to work autonomously and under pressure
• Good analytical, problem solving skills and organizational skills with effective time management skills, and the ability to prioritize in a changing environment with competing business demands
• Ability to manage several projects simultaneously
• Good oral, written, communication, influencing and negotiation skills; ability to work with cross disciplinary teams and manage informal groups to reach consensus
• Good interpersonal skills with the ability to work independently or as part of a team
• Strong PC skills
• Strong knowledge of insurance and reinsurance principles, practices and trends; state, provincial, federal and international laws and regulations pertaining to reinsurance and business contracts
• Knowledge of reinsurance structures arid the important features and differences in each
• Strong level of detail orientation with the ability to balance detailed knowledge of reinsurance transactions with knowledge of financial implications, risk and exposures, and ability to make recommendations for solutions accordingly
• Awareness of industry trends related to treaty standards and wording

What can we offer:

• A competitive salary and benefits packages.
• A growth trajectory that extends upward and outward, encouraging pursuit of passions and learning new skills.
• A focus on growing your career pathways!
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment:

• Values-first culture
  We lead with our Values every day and bring them to life together.
• Boundless opportunity!
  We build opportunities to learn and grow at every career stage.
• Continuous innovation
  We invite you to help redefine the future of financial services.
• Delivering the promise of Diversity, Equity and Inclusion
  We foster an inclusive environment where everyone thrives.
• Championing Corporate Citizenship
  We build a business that benefits all partners and has a positive social and environmental impact.

#LI-Hybrid

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 recruitment@manulife.com.

The annual base salary for this role is listed below.

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.