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Actuarial Assistant Manager, MY VSSC

Manulife and John Hancock
Quezon City, Philippines
Closing date
Jul 20, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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.

Working Arrangement


Job Description

The Opportunity

We are currently searching for a talented and driven individual to join our MBPS Actuarial Function as an Assistant Actuarial Manager. Established in 2012, the team has become an actuarial center of excellence, with over 160 staff and growing, along with increasing range and ownership of deliverables, specializing in Valuation, Liability and Asset Modelling, Experience Analytics, Pricing, and more.

MBPS Actuarial offers a wide range of global opportunities across multiple actuarial disciplines, a high performing culture, a market leading actuarial development program, a job rotation program, and a leadership team dedicated to your growth and success.

What motivates you?
  • You obsess about customers, listen, engage, and act for their benefit
  • You think big, with curiosity to discover ways to use your agile mindset and enable business outcomes
  • You thrive in teams, and enjoy getting things done together
  • You take ownership and build solutions, focusing on what matters
  • You do what is right, work with integrity and speak up
  • You share your humanity, helping us build a diverse and inclusive work environment for everyone

We are looking for someone with:
  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Finance, or related field
  • At least 7 years of actuarial work experience in Insurance or Financial Services
  • Associate designation in any recognized actuarial organization (SOA, ASP). ASA Preferred.
  • Excellent proficiency in MS Office (Excel, VBA, Access), GGY AXIS, SQL, Qlikview, Python or similar programs
  • Demonstrated experience in applying actuarial concepts to independently model and analyze actuarial financial metrics
  • Proven analytical and problem-solving skills with the ability to gather, synthesize, organize, and report information, results, and recommendations to various levels across the organization.
  • Strong ability to establish priorities and manage multiple tasks with accuracy and attention to detail, for self and others.

On the job you will:
  • Develop, validate and implement model changes, (such as basis changes, new products, and other model enhancements) into our production models following VSSC Model Change Management guidelines, ensuring models are up to accepted modeling principles
  • Monitor and manage the successful execution of our quarterly controls such as reserve movement analysis, audit logs, inclusion controls, upstream report validation for the Source of Earnings, New Business Embedded Value and Canadian/Local capital
  • Support business units with various annual and ad-hoc projects such as Basis Changes & Regulatory Requirements/Changes and annual audit requirements.
  • Effectively communicate the status and results of the changes to country lead and local Business Units
  • Identify and implement solutions to improve the VSSC tools, processes, and general framework
  • Support junior members with their tasks and ensuring accuracy, soundness, and timeliness of their deliverables

Our commitment to you:
  • Our mission: to be a part of making Decisions Easier and Lives Better
  • A leadership team dedicated to your growth and success
  • A bold ambition and set of goals to be a leader in driving transformation in our industry
  • Our best. Every day.

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

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