GRO Program - Actuarial (US)

Manulife • Boston, MA

1d • $63,600 - $106,000 • Hybrid

About The Position

The GRO Program is Manulife’s flagship early talent program, designed to provide new graduates with a consistent, structured development experience. This role is part of the Actuarial Development Program (ADP), a GRO stream that prepares actuarial talent for impactful careers through rotations every 18–24 months across areas such as Pricing, Valuation, and Risk Management. Participants receive professional development sessions, core skills training, mentorship, leadership exposure, and support toward FSA designations, including paid study time and exam resources. The program offers increasing responsibility and access to a global actuarial network.

In this role, you will contribute to insurance and annuity product design and pricing, actuarial assumptions and reserves, regulatory and capital requirements, and business analysis. You will work with business partners and management to support strategic goals, identify risks and opportunities, improve performance, and advance continuous improvement through analysis and technology.

The position is based in Boston, Massachusetts, with a hybrid working arrangement. The expected salary range is $63,600–$106,000 USD, with the opportunity to participate in incentive programs. Salary varies according to location and job-related factors.

Requirements

• Working toward a university degree in Actuarial Science, Math, Statistics, or a related discipline, with expected graduation in 2027.
• Relevant actuarial experience.
• Strong commitment to pursuing FSA designations, such as having passed at least one SOA exam.
• Excellent working knowledge of Excel.

Nice To Haves

• Well-developed interpersonal, organizational, communication, and leadership skills.
• Solution-oriented approach with strong analytical and problem-solving skills.
• Self-starter and team player with initiative and a strong work ethic.
• Experience with AXIS or other actuarial software.

Responsibilities

• Help design and price insurance and annuity products.
• Help establish actuarial assumptions, quantify reserves, and meet regulatory and capital requirements.
• Provide analysis and advice to business partners to support strategic goals.
• Collaborate with management to identify risks and opportunities and take initiatives to improve business performance.
• Analyze procedures and actuarial methodologies to support continuous improvement.
• Leverage technology to develop better insights and processes.

Benefits

• Paid study time and exam resources for the FSA journey.
• Health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage.
• Adoption/surrogacy and wellness benefits.
• Employee and family assistance plans.
• Retirement savings plans, including pension/401(k) savings plans, and a global share ownership plan with employer matching contributions.
• Financial education and counseling resources.
• Paid time off, including up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time each year (or more where required by law).
• Statutory leaves of absence.
• Incentive programs and incentive compensation tied to business and individual performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level