GRO Program– Actuary(Canada) (Waterloo)

Manulife Insurance Malaysia; Southwestern Ontario; On-site; CAD 75,000 - 105,000; Full time

Job summary

Manulife's GRO program offers a launchpad for early talent through structured rotations in areas like Pricing, Valuation, and Risk Management. The ADP stream provides mentorship, professional development, and paid study time to pursue FSA/FCIA while gaining broad exposure across Canada.

The program emphasizes leadership exposure, a strong benefits package, and competitive compensation as you grow within the company’s largest actuarial network.

Qualifications

• Working towards a university degree in Actuarial Science, Math, Statistics, or related discipline with expected graduation in 2027.
• Possessing actuarial experience and pursuing FSA/FCIA designations (e.g., SOA exam).
• Strong Excel skills and familiarity with actuarial software is an asset.

Responsibilities

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

Skills

Interpersonal skills

Organizational skills

Communication skills

Leadership

Analytical ability

Problem-solving

Education

Actuarial Science/Math/Statistics degree (pursuing)

Tools

Excel

AXIS

Job description

At Manulife, we believe in investing in the future starting with you! Our GRO program is a boldnew approachto early talent development, designed to launch your career with the support, structure, and opportunities you need to thrive. GRO is Manulife’sflagshipearly talent program.It’smore than just ajob,it’sa launchpad for your career. GRO offersa consistent, high-quality experience for new graduates across the organization. Step into your future with our Actuarial Development Program (ADP) — a key stream within our GRO early talent program. ADP is designed to launch high-potentialactuarial talentinto impactful careers through structured rotations every18 -24monthsacross areas like Pricing, Valuation, Risk Management, and more. As part of GRO,you’lljoin a vibrant community of peers, benefit from professional development sessions, core skills training, mentorship, leadership exposure, and full support on your FSA/FCIA journey—including paid study time and exam resources. With increasing responsibility, competitive compensation, and access to Canada’s largest actuarial network, ADP empowers you to grow into a future business and technical leader while making a difference for customers around the world.

Position Responsibilities

• Help design and price insurance and annuity products.
• Play a key role inestablishingactuarial assumptions, quantifying reserves, and meeting regulatory and capital requirements.
• Provide analysis and sound advice to business partners to help meet our strategic goals.
• Collaborate with management toidentifyrisks and opportunities while taking initiatives to improve business performance.
• Support a culture of continuous improvement through ongoing analysis of procedures and actuarial methodologies.
• Develop better insights and processes byleveragingthe latest technology.

Required Qualifications

• Working towards a University degree in Actuarial Science, Math,Statistics, orrelateddiscipline with expected graduation of 2027.
• Possessing relevant actuarial experience anddemonstratinga strong commitment towards FSA/FCIA designations (e.g.passing at least one SOA exam).

Preferred Qualifications

• Well-developed interpersonal, organizational,communication,and leadership skills.
• Solution-oriented with strong analytical and problem‑solving skills.
• Self-starter and team player witha high levelof initiative and strong work ethic.
• Excellent working knowledge of Excel isrequired.
• Experience with AXIS or other actuarial software is an asset.

When you join our team:We’llempower you to learn and grow the career you want.We’llrecognize and support you in a flexible environment where well-being and inclusion are more than just words.As part of our global team,we’llsupport you in shaping the future you want to see.

Salary range is expected to be between: $75,000.00 CAD - $105,000.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short‑and‑long‑term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short‑and‑long‑term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans.

We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources.

We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources.

Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact [e-mail] for more information about U.S.-specific paid time off provisions.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.

We're Manulife. And we’re on a mission to make decisions easier and lives better. Better is what drives us. It’s what inspires us to find new ways to support customers and colleagues in living longer and healthier lives. It’s the reason we’re dedicated to investing in digital innovation and accelerating a sustainable and economically inclusive future. Joining us means you’ll be empowered to learn and grow your career. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. And as part of our global team, you’ll help shape the future you want to see – and discover that better can take you anywhere you want to go.

We’re proud of our accomplishments and recognitions. Recent awards include: 2024 Gallup Exceptional Workplace Award Winner Manulife Named one of Forbes World’s Best Employers 2023 Best Companies to Work for in Asia 2023 We’ve been recognized as one of Canada’s Top 100 Employers (2024) Manulife included in Bloomberg’s 2023 Gender-Equality Index

Our ambition is to be the most digital, customer-centric global company in our industry.

Referenced Salary Location Waterloo, Ontario Working Arrangement Salary range is expected to be between $60,900.00 CAD - $101,500.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short‑and‑long‑term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans.

Learn more at https://www.manulife.com/.