Are you looking for a supportive, collaborative workplace with great teams and inspiring leaders? You’ve come to the right place. We’re looking for ambitious people who share our values and want to make every day better for people around the world. If this sounds like you, and the career below sounds exciting, we’d like to hear from you.
ABOUT THIS POSITION
This role can be hybrid out of the Boston area or remote anywhere else in the US.
John Hancock’s more than 30-year track record of backing guaranteed interest contracts and has been a stable value asset manager since 2006. Today, John Hancock offers four stable value products both fee and spread based, which are offered through our Retirement, DCIO and Institutional businesses, amounting in over $5B in AUM.
Provide Risk Analysis expertise along with product development and management support for the stable value products for the John Hancock stable value product suite.
ROLE SUMMARY
In this role you will report into the Head of Stable Value, Retirement and Institutional Investment Products in the Global Wealth Asset Management Division of Manulife Investment Management and John Hancock Investment Management.
On a daily basis you will be working closely cross functionally with our U.S. Retirements Division, John Hancock Investment Management DCIO and the Manulife Investment Management Institutional Distribution Channels supporting the John Hancock Stable Value Product Suite.
RESPONSIBILITIES
- Review, understand, and identify risk contributors from stable value product features and contracts
- Review, understand and analyze retirement plan documents, legal contracts, and investment guidelines.
- Identify, analyze and make recommendations for mitigation of financial, plan underwriting, investment, and competitive risks within the stable value products
- Maintain knowledge of industry standard and competitor stable value product features
- Utilize data warehouse, plan demographics and legal documents to identify, monitor and report on plan specific risk contributors (including modeling, forecasting trending and variance analysis)
- Underwrite prospective clients for key risk indicators
- Develop, analyze, and present comprehensive and detailed reports (in PowerPoint, Word, Excel) regarding key risk indicators
- Communicate and present findings and recommendations on a regular basis to management and senior leaders Supports the key components of the product development life cycle and on-going management including product design, implementation, and effectiveness analysis.
- Performs competitive research and develops, maintains, and monitors reports on findings.
- Presents results to senior management.
- Responds to internal and external product and contract related requests as the subject matter expert.
- Ad-hoc Strategic Projects, as assigned.
- Works with US Retirements, actuarial, sales, client management, compliance, legal, systems, and marketing, as needed. Other duties as assigned.
TYPICAL QUALIFICATIONS
- 3-5 years’ experience in product development and in the financial services industry Stable Value or Fixed Income Retirement Products
- CFA, or seeks to attain their CFA, and a BS/BA Finance or Economics is highly desirable
- Experience Preferred Advanced proficiency in MS Office tools and data mining tools
- Excellent communication and presentation skills, including demonstrated ability to present to all levels of organizational management Intermediate to advanced MS Office skills required; advanced Excel skills required
- Working knowledge of US GAAP and US Statutory accounting for Life & Health Insurance companies and/or Financial Services organizations preferred
- Excellent problem-solving skills
- Excellent oral and written communication skills
- Excellent communication and organizational skills
- Ability to manage department workload and proactively identify projects as necessary
- Work well with internal and external teams.
How will you create impact?
In this role you will report into the Head of Stable Value, Retirement and Institutional Investment Products in the Global Wealth Asset Management Division of Manulife Investment Management and John Hancock Investment Management.
On a daily basis you will be working closely cross functionally with our U.S. Retirements Division, John Hancock Investment Management DCIO and the Manulife Investment Management Institutional Distribution Channels supporting the John Hancock Stable Value Product Suite.
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 approach 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.
Commitment to Diversity, Equity, and Inclusion:
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 recruitment@manulife.com.
Benefits:
- A competitive salary and benefits packages.
- A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
- A focus on growing your career path with us.
- Flexible work policies and strong work-life balance.
- Professional development and leadership opportunities.
- Values-first culture
We lead with our Values every day and bring them to life together. - Boundless opportunity
We create opportunities to learn and grow at every stage of your career. - Continuous innovation
We invite you to help redefine the future of financial services. - Delivering the promise of Diversity, Equity and Inclusion
We foster an inclusive workplace where everyone thrives. - Championing Corporate Citizenship
We build a business that benefits all stakeholders and has a positive social and environmental impact.
Every career at Manulife/John Hancock provides the opportunity to learn new skills and move your career forward. Ready to make an impact somewhere? What are you waiting for? Apply today.
About John Hancock and Manulife
John Hancock is a unit of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States, and Manulife globally, including Canada, Asia and Europe. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were CAD$1.3 trillion (US$1.1 trillion) as of June 30, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports more than 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and education savings plans. Additional information about John Hancock may be found at johnhancock.com.
