Job Information
Manulife Senior Accountant, Reinsurance CoE in Boston, Massachusetts
We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.
Working Arrangement
Hybrid
Job Description
This incumbent will be part of the Reinsurance Center of Excellence and will report to the Accounting Director who is based in our Boston Back Bay office. This role will be responsible for leading reinsurance treaty and legal entity analysis. This will involve analysis 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 US operations. This role will also participate in special projects related to the implementation of new accounting standards, operational initiatives, or treaty agreements. These projects will involve collaboration with Global Finance, IT and Actuarial teams.
Key Responsibilities:
Prepare reinsurance settlements and analytical reporting for internal and external treaties, including Global Reinsurance treaties across multiple accounting bases (IFRS, NAIC, Tax and Bermuda Statutory)
Present reinsurance financial results to management on a quarterly basis.
Define and evaluate new reinsurance treaty accounting models and calculation methodologies
Drive continuous improvement of the reinsurance accounting cycle to shorten close cycles, improve controls and expand understanding
Participate in special projects related to the implementation of new accounting standards, operational initiatives, or treaty agreements
What motivates you?
You obsess about customers, listen, engage and act for their benefit.
You think big, with curiosity to discover ways to use your agile approach 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.
What we are looking for
Finance or Accounting degree and a minimum of 4 or more years’ post-graduate experience.
Curiosity and a commitment to understand complex financial transactions is essential.
Dedicated to continual process improvement with strong internal controls and ability to adapt well to change.
Excellent analytical, research and problem solving skills.
Ability to multi-task and manage priorities in a demanding and deadline-oriented environment.
Strong computer skills using Microsoft Office Applications, particularly Excel.
Experience with and knowledge of Essbase is an asset.
Knowledge of insurance industry and reinsurance is an asset.
Strong written and oral communication skills.
Must be a team player and a self-starter.
Must be well-organized, innovative, and possess a high level of initiative.
What can we offer you?
A competitive salary and benefits packages.
A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
A focus on growing your career path with us.
Flexible work policies and strong work-life balance.
Professional development and leadership opportunities.
Our commitment to you
Values-first cultureWe lead with our Values every day and bring them to life together.
Boundless opportunityWe create opportunities to learn and grow at every stage of your career.
Continuous innovationWe invite you to help redefine the future of financial services.
Delivering the promise of Diversity, Equity and InclusionWe foster an inclusive workplace where everyone thrives.
Championing Corporate CitizenshipWe build a business that benefits all partners and has a positive social and environmental impact.
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 /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 .
Salary & Benefits
The annual base salary for this role is listed below.
Primary Location
Boston, Massachusetts
Salary range is expected to be between
$68,475.00 USD - $114,125.00 USD
If you are applying for this role outside of the primary location, please contact for the salary range for your location. 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. 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. 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.
Company: John Hancock Life Insurance Company (U.S.A.)