AVP and Actuary, Pricing

Manulife•Waterloo, ON

21h•Hybrid

About The Position

The successful candidate will provide decision-making and leadership across a broad portfolio of pricing projects, centered around the feasibility, design, modeling, and reporting of complex insurance products and riders. This role requires balancing business unit marketing objectives with financial goals. Adaptability to rapidly changing internal and external environments will be a key challenge. This role will report to the AVP & Pricing Officer, US Insurance.

Requirements

Fellow of the Society of Actuaries (FSA) or equivalent
8+ years of actuarial experience in the Life Insurance industry.
2+ years of experience of life insurance pricing or product development.
Creativity and passion for innovation.
In depth knowledge of US Stat valuation and the regulatory environment for Life Insurance products.
Knowledge of investment and hedging concepts of indexed products.
Familiarity with actuarial modeling software.
Direct experience with Moody’s Axis preferred.
Excellent analytical and creative 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 partners and prioritize needs and results while working under deadline pressure.

Responsibilities

Lead, develop, and motivate a team of diverse professionals that manage the development and launch of life and annuity products.
Ensure product initiatives meet marketing, profitability, and risk management goals while aligning with corporate guidelines and regulatory environment.
Member of the US Pricing leadership team responsible for coaching, directing, enabling, and developing a large, hard-working and highly engaged team of diverse actuaries and actuarial students.
Collaborate with a second-line risk oversight team to ensure strategic direction is aligned with corporate risk appetite.
Coordinate product development and pricing deliverables with highly specialized functional actuarial teams with deep expertise in rate making, modeling, controls / governance and assumption development.
Performing preliminary research and development and feasibility analysis to help prioritize potential critical initiatives.
Responsible for additional projects related to the department's strategic objectives.