Senior Financial Analyst, Statutory Reporting

Manulife Insurance Malaysia; Toronto; Hybrid; CAD 74,000 - 123,000; Full time

Benefits offered by this job

Health insurance

Retirement savings plan

Paid time off

Job summary

Manulife/John Hancock seeks a Senior Financial Analyst, Statutory Reporting to manage NAIC regulatory reporting for US insured entities. The role ensures compliance with NAIC accounting and reporting mandates and collaborates with auditors, risk, finance, tax teams, and various business units.

The position requires strong analytical skills, 5+ years in investment accounting, and experience with Excel and Power BI; CFA/CPA/CA designation is a plus. Hybrid work in Toronto is offered.

Qualifications

• 5+ years experience in investment accounting and knowledge of financial products.
• Strong analytical skills with keen attention to detail.
• Experience with tools like Excel, Power BI, etc.

Responsibilities

• Prepare monthly/quarterly/annual NAIC reporting for internal users.
• Coordinate with Risk Based Capital analysts, US Finance, US Tax, and business units.
• Liaise with internal/external auditors for Model Audit Rule questions.
• Ensure NAIC SV/AVO requirements are met for new investments and monthly asset valuation.
• Determine NAIC report part codes for newly acquired securities.
• Coordinate with front/middle offices to obtain security details.

Skills

Investment accounting

Regulatory reporting

Analytical skills

MS Office (Excel)

Power BI

Education

University degree or higher

Tools

SimCorp Dimension

Hyperion Essbase

Job description

The Senior Financial Analyst, Statutory Reporting role is responsible for NAIC related regulatory reporting, and Manulife/John Hancock’s compliance with NAIC regulations for insurers. This opportunity will require you to focus on a critical accounting basis for all US based insurance companies to ensure that our organization is well placed to adhere to the NAIC’s accounting and reporting mandates.

Position Responsibilities

• Prepare monthly/quarterly/annual reporting statements for the NAIC, downstream business users, and varied internal business partners.
• Liaise with several Manulife/John Hancock internal customers including Risk Based Capital analysts, US Finance, US Tax, and varied business units.
• Responsible to work with both internal and external auditors to field questions, provide insights, and adhere to Model Audit Rule requirements.
• Ensure that the Securities Valuation Office of the NAIC requirements are met when it comes to the filing of new investment agreements as well as comply with the monthly Asset Valuation process.
• Determine the NAIC report part codes to newly acquired securities.
• Coordinate with front and middle offices to acquire the details of the securities.
• Ensure adherence to the NAIC Accounting Practices and Procedures Manual requirements.

Required Qualifications

• 5+ years experience working in investment accounting and knowledge of various financial products.
• Strong analytical skills with a keen attention to detail.
• Experience with varied software tools such as Microsoft Office (Excel focused), Power BI, etc..
• University or advanced degree preferred.

Preferred Qualifications

• Recognized professional designation such as CFA, CA, CPA, etc.
• Substantial experience in insurance financial reporting and regulatory compliance.
• Experience with the SimCorp Dimension accounting platform.
• Experience with Hyperion Essbase and other data/accounting tools.
• Familiarity with NAIC regulations.

When you join our team

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

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

Manulifeis 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.Wearecommitted 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 [e-mail].

Referenced Salary

Location: Toronto, Ontario. Working Arrangement: Hybrid. Salary range: $73,725.00 CAD - $122,875.00 CAD. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are applying for this role outside of the primary location, please contact [e-mail] for the salary range for your location.

Benefits

• 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 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.

Awards

• 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