Intern, Pricing
7 months ago
Job Description
Manulife Pricing Interns are exposed to a multitude of modelling and pricing techniques, and will be involved in all stages of the pricing process. There is a strong learning culture within the team, and interns are encouraged to be pro-active about any questions or doubts they might have; be it to clarify about the tasks given, technical difficulties, or even actuarial concepts. Interns work on tasks that materially affect the pricing process, and the team does not shy away from trusting interns with more technically demanding jobs if capability in doing so is demonstrated.
Examples of tasks include:
Act as peer reviewers of the team's pricing models. This involves exposure to AXIS (actuarial software), and gives interns insight into how each benefit and reserve component is modelled in a life-insurance company. Custom pricing. Interns perform ad-hoc pricing on special requests to provide better value to customers, whilst not exceeding company risk appetite and lower bounds for profitability. Build Policy illustration templates and calculations. These calculations will be used as reference for the IT team for building these new products in the Manulife's live illustration engine. UAT testing for new product launches. This involves extensive use of excel and the writing of macro programs (VBA) to expedite the checking process. Other ad-hoc tasksRequirements:
Able to commit full time or part time basis, with a minium of 3 days per week. Currently enrolled in a Bachelor degree program in Actuarial Science. Strong analytical and problem solving skillsInterested applicants, please indicate your availability in the resume and apply to the position
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.
Manulife is an Equal Opportunity Employer
At Manulife/JohnHancock, we embrace our diversity. We strive to attract,developandretaina 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 toprovideequal 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 withapplicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact .
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