Director & Actuary, US NAIC and Tax Valuation

Position Responsibilities:

Reporting to the AVP & Actuary, NAIC & Tax Valuation, this is a unique opportunity to combine technical actuarial expertise with strategic business impact. You'll lead critical tax valuation deliverables, contribute to key regulatory submissions, and collaborate across Finance, Tax, Legal, and Actuarial teams to support the company's financial strength, regulatory compliance, and growth objectives.

Financial Reporting & Analyses

• Own the various Tax reserve deliverables including Tax basis change memo, determination of the spreadable Tax basis changes, E&Y Tax questionnaires and other Tax accounting treatment deliverables.
• Provide expert guidance on complex tax and actuarial valuation issues, influencing decisions across Finance, Tax, Legal, and senior leadership teams.
• Prepare technical responses to regulatory, audit, and IRS inquiries.
• Analyze consolidated NAIC financial results for US legal entities, including delivery of clear, concise, value-added analysis and commentary on earnings & reserves to US Finance & Actuarial.
• Present the US NAIC Legal entities financial results to Senior Management

US Regulatory Submissions

• Lead planning, coordination, preparation, and review of regulatory NAIC Actuarial financial results / reporting including Asset Adequacy Testing (AAT) results and Actuarial Opinion Memoranda (AOMs).
• Oversee actuarial filings across US legal entities and product lines.
• Author and review key sections as needed - liabilities, valuation assumptions, asset adequacy analysis, and reinsurance arrangements.
• Ensure compliance with evolving statutory requirements, valuation standards, and regulatory guidance.

Actuarial Projects & Governance

• Offer governance support to other NAIC staff by researching actuarial and accounting questions, clearly communicating findings, and proposing solutions.
• Other research and projects as assigned, including valuation reviews of assumptions and methodology, as needed.
• Partner with AI and digital innovation teams to modernize valuation processes and explore emerging technologies.
• Responsible for maintaining various materiality threshold and quarterly guidance document.
• Opportunity to work with new tools and collaborate with AI champions to modernize current tools

Required Qualifications:

• Actuarial designation (FSA / FCIA) with 5+ years of relevant experience in progressive actuarial roles
• Fluency in Tax, NAIC valuation and accounting methodology is an asset
• Prior valuation exposure and/or familiarity with US products is an asset
• Excellent analytical, actuarial, and problem-solving skills with ability to analyze results, identify root issues & key drivers, and propose and communicate appropriate solutions.
• Strong communication and interpersonal skills
• Self-motivated with strong organizational skills and adaptability to fast-changing priorities
• Proactive with an ability to work on cross-functional teams as well as independently

Preferred Qualifications

• You obsess about customers, listen, engage and act for their benefit.
• You think big, with curiosity to discover ways to use AI 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.

When you join our team:

• As part of our global team, we’ll support you in shaping the future you want to see.
• 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.

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 [email protected].

Referenced Salary Location

Boston, MassachusettsHybrid

Salary range is expected to be between

$128,550.00 USD - $222,820.00 USD

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 [email protected] for the salary range for your location.

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. 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. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

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.

Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify

Company: John Hancock Life Insurance Company (U.S.A.)