Manager, US Reinsurance CoE

John Hancock; Boston (MA); Hybrid; USD 120,000 - 170,000; Full time

Job summary

John Hancock, part of Manulife, is seeking a seasoned Reinsurance Accounting professional to lead analysis of complex treaties and accounting models across global operations.

You will prepare settlements and disclosures, present quarterly results, collaborate with Global Finance, IT and Actuarial, mentor teammates and drive process improvements while ensuring accurate, timely reporting.

Qualifications

• University degree in Accounting, Finance, or a related discipline.
• Ability to learn and apply a large amount of technical accounting material.
• Proficiency with Excel and Power BI.
• Strong analytical and problem-solving skills.
• Ability to multitask in a deadline-driven environment.

Responsibilities

• Prepare and analyze reinsurance settlements and reporting for internal and external treaties.
• Compile and review reinsurance-related footnote disclosures and schedules.
• Present reinsurance financial results to stakeholders quarterly.
• Define and evaluate new reinsurance treaty accounting models and calculation methodologies.
• Collaborate with Global IT, Actuarial, Finance, and Investments teams on system/process changes.
• Mentor and share best practices with team members.

Skills

Microsoft Excel

Power BI

Analytical thinking

Problem solving

Self-starter

Communication

Education

University degree in Accounting/Finance or related discipline

CPA designation

Tools

Microsoft Office

Job description

This position is part of the Global Reinsurance Accounting Center of Excellence (CoE), a team that is responsible for producing timely and accurate financial information relating to highly complex affiliate and external reinsurance treaties. In this role, you will lead the analysis of reinsurance treaties and legal entities, including the preparation and assessment of reinsurance results, presenting analytical findings, reviewing and implementing new reinsurance treaties, and ensuring consistent and accurate implementation of reinsurance calculations and accounting models across global operations. The successful candidate will also be expected to manage and own special projects related to the implementation of new accounting standards, operational initiatives, or treaty agreements. These projects will involve interacting and working directly with Global Finance, IT, and Actuarial teams.

Position Responsibilities:

• Prepare and analyze reinsurance settlements and reporting for internal and external reinsurance treaties, including complex global treaties covering multiple accounting bases (IFRS 17, NAIC, Tax and Bermuda STAT)
• Compile and review reinsurance-related footnote disclosures and reinsurance-related Annual Financial Statement schedules
• Present reinsurance financial results to stakeholders quarterly
• Define and evaluate new reinsurance treaty accounting models and calculation methodologies
• Collaborate with global IT, Actuarial, Finance, and Investments teams to manage changes in systems and processes due to new accounting standards, operational initiatives or new treaty agreements to ensure timeliness and integrity of financial data used for reinsurance reporting
• Mentor and share best practices with other team members

Required Qualifications:

• 6+ years of experience in an insurance or financial services environment
• University degree in Accounting, Finance, or a related discipline
• Ability to learn and apply a large amount of technical accounting material
• Proficiency using Microsoft Office, particularly Microsoft Excel and Power BI
• Self-starter, capable of working independently, with attention to detail and strong analytical and problem-solving skills

• Ability to multitask and manage priorities in a demanding and deadline-oriented environment
• Demonstrated ability to communicate effectively (written and verbal) and comfortable working with senior levels of management
• Must be well-organized and innovative with an aptitude for automation/process improvements

• Commitment to understanding complex financial transactions and maintaining strong internal controls is essential
• Able to work as part of a team with a positive attitude and strong work ethic

Preferred Qualifications:

• CPA designation preferred

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.

#LI-Hybrid

The role being advertised is an existing vacancy.

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

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 [e-mail].

Referenced Salary Location

Toronto, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$92,900.00 CAD - $142,900.00 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.

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.

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.