(Associate) Actuary, Life Product Development
John Hancock - Boston, MA

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1204140

Description

John Hancock's Life Insurance division (a Division of Manulife) focuses on affluent and emerging individuals by providing estate and business planning solutions through an array of innovative life insurance products. John Hancock is an industry leader in the ability to quickly deliver to market a broad, financially sound and competitive product portfolio, considered a core competency of the business.

The successful candidate will take on a multitude of product development related projects, centered around the design and pricing of complex individual life insurance products for the US marketplace that meet both business unit marketing and financial goals. A key challenge will be to be adaptable to rapidly changing circumstances in the internal or external environment. The position reports to the AVP & Actuary, Life Product Management.

Responsibilities include:
Leading and/or being a part of pricing teams to develop innovative new products that meeting marketing, profitability, and risk management goals.

Joining cross functional product development teams that also include representatives from marketing, systems, illustrations, legal, and contracts, to represent Pricing's interests and concerns.

Developing enhanced pricing techniques to reflect emerging issues such as guarantee costing, in force portfolio leveraging, and others.

Working closely with Product Managers and Distribution on product design objectives that meet the needs of our customers in multiple distribution channels.

Working with the AVP & Actuary and the AVP & Pricing Officer to present product financial results and explain key challenges and constraints at each step of the process

Likely managing and mentoring one or two actuarial students

Responsible for additional projects related to the department's objectives.

Qualifications:
Fellow of the Society of Actuaries (FSA) or equivalent.

Excellent analytical and problem-solving ability combined with very strong technical actuarial skills.

Risk management focus, with ability to see beyond traditional measures and identify emerging issues.

Ability to respond to changing demands from multiple stakeholders and prioritize needs and results while working under deadline pressure

Knowledge of IFRS (formerly Canadian GAAP) financial reporting standards an asset including earnings emergence, deferred taxes, and MCCSR capital, as well as the various profit metrics used in pricing

Experience with US individual life insurance (product development or valuation) an asset

About John Hancock:
At John Hancock you will find a wealth of opportunity both professionally and personally. Whether you take advantage of our continuous training and development offerings or participate in community events, you will have the opportunity to grow. We offer careers from Investments to IT, Finance to Marketing, Sales to Legal, and Actuarial to Human Resources, to name a few.

John Hancock is a subsidiary of Manulife Financial, a leading Canadian-based financial services group serving millions of customers principally in Asia, Canada and the US, but have other operations in as many as 21 countries around the globe. The Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Each product and service employees its own team to support the sales, marketing, customer service, analysis, and senior management responsibilities.

For more information about our benefits and organization please visit

www.johnhancock.com./careers

.

Agency submissions and contacts are by invitation only and must be initiated by John Hancock's Recruiting Department only. Unsolicited agency submissions will not be honored.

JOHN HANCOCK IS AN EQUAL OPPORTUNITY EMPLOYER - AA/F/M/D/V

Primary Location

US-MA-*Boston

Organization

USINS Life

John Hancock - 19 months ago - save job - block
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From our humble beginnings in 1862 as a four person company formed in a single room, the name John Hancock, one of our nation's forefathers...