Manager and Associate Actuary

Reporting to the UL line actuary, this position offers a unique opportunity to develop highly sought-after expertise on the Universal Life's line of business, one of the largest and most complex business lines of the Canadian segment.

In this role, you will support our mission to deliver accurate and efficient actuarial results and solutions, while building strong product knowledge and developing a solid IFRS17 foundation. As part of our team, the UL Associate Actuary fulfills a critical role in ensuring the integrity of reserves and required capital calculations, explaining the drivers of quarterly earnings, and collaborating with peers from other functions to develop and implement value generating business initiatives.

Position Responsibilities:

Actuarial Modeling

• Contribute to change management activities to meet stakeholder needs and company initiatives.

• Contribute to process improvement initiatives to further automate the UL end-to-end valuation reporting process.

• Contribute to the timely delivery of comprehensive and professional work products to satisfy the actuarial modelling requests of actuarial business partners. 

Financial Reporting

• Contribute to quarterly IFRS reserves and LICAT required capital production and reviews.

• Contribute to UL annual basis change activities.

• Contribute to annual financial reporting/disclosures of actuarial results, such as sensitivities and Appointed Actuary's Report.

• Analyze results and support communications to senior management.

Add Hoc Support on Business Initiatives

• Contribute to strategic initiatives driven by other functions.

Leadership and Management

• Develop sought-after subject matter expertise on UL model, products and assumptions.

• Develop and manage relationships across the Canadian segment and with corporate functions (example: pricing, inforce management, risk management, operations, accounting, and Group Capital Management, to name a few).

Required Qualifications:

• Actuarial designation (FSA, FCIA, ASA) with 5+ years of relevant experience in progressive actuarial roles.

• Results oriented, able to manage expectations, work under tight deadlines and manage competing priorities.

• Advanced knowledge regarding technical aspects of work; able to review data or results (financial or otherwise) for reasonability and identify root causes and drivers in the data being reviewed.

• Self-starter with the ability to work independently, particularly in using sound, independent judgment, problem-solving and analytical skills.

• Remains calm and in control when facing pressure and stressful situations; demonstrates confidence and persistence in the face of setbacks and obstacles.

• Ability to communicate and vulgarize complex technical topics to various audiences, including senior management and non-technical functions.

• Strong interpersonal skills with the ability to collaborate, negotiate and influence effectively.

• Previous Axis experience is an asset, considering the complexity of the UL model and associated products.

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

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

Referenced Salary Location

Working Arrangement

Salary range is expected to be between

If you are applying for this role outside of the primary location, please contact 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 for more information about U.S.-specific paid time off provisions.