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Actuarial Development Program (ADP) – 2025 New Graduate – Waterloo Office

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Manulife

1mo ago

  • Job
    Full-time
    Entry Level
  • Waterloo
  • Quick Apply

AI generated summary

  • You should have a degree in Actuarial Science or related fields, strong math skills, interpersonal abilities, initiative, Excel proficiency, and preferably experience with actuarial software.
  • You will design and price insurance products, establish actuarial assumptions, quantify reserves, analyze risks, and enhance processes using technology to improve business performance.

Requirements

  • - Working towards a University degree in Actuarial Science, Math, Finance, or a related discipline.
  • - Possessing relevant actuarial experience and demonstrating a strong commitment towards FSA/FCIA designations (e.g. passing at least one SOA exam) are considered assets.
  • - Well-developed interpersonal, organizational, communication and leadership skills.
  • - Solution-oriented with strong analytical and problem-solving skills.
  • - Self-starter and team player with a high level of initiative and strong work ethic.
  • - Excellent working knowledge of Excel is required.
  • - Experience with AXIS or other actuarial software is an asset.

Responsibilities

  • Help design and price insurance and annuity products.
  • Play a key role in establishing actuarial assumptions, quantifying reserves, and meeting regulatory and capital requirements.
  • Provide analysis and sound advice to business partners to help meet our strategic goals.
  • Collaborate with management to identify risks and opportunities while taking initiatives to improve the business performance.
  • Support a culture of continuous improvement through ongoing analysis of procedures and actuarial methodologies. Develop better insights and processes by leveraging the latest technology.

FAQs

What is the working arrangement for this position?

The working arrangement for this position is hybrid.

What is the Actuarial Development Program (ADP) and who is it for?

The Actuarial Development Program (ADP) is designed for new graduates and involves rotating every 24 to 36 months through various actuarial roles.

What kind of support does the program offer for actuarial exams?

The program provides formal support for the FSA/FCIA journey, including paid study time off, financial support for modules, exams, study materials, and textbooks.

Will I have the opportunity to participate in social events?

Yes, as a participant in the ADP, you will have membership into the largest actuarial community in Canada with access to exclusive actuarial social events.

What are the key roles I will be involved in during the program?

You will help design and price insurance and annuity products, establish actuarial assumptions, quantify reserves, and provide analysis and advice to business partners.

What qualifications are required for this position?

Candidates should be working towards a university degree in Actuarial Science, Math, Finance, or a related discipline and should have relevant actuarial experience and a commitment toward FSA/FCIA designations.

Is there any specific software knowledge required for the position?

An excellent working knowledge of Excel is required, and experience with AXIS or other actuarial software is considered an asset.

How can I apply for this role?

You can apply by submitting your cover letter, resume, academic transcript, and work term evaluation (if any) in one PDF file, along with indicating the number of actuarial exams you have completed in your resume.

What is the salary range for this position?

The salary range for this role is expected to be between $52,010.00 CAD and $96,590.00 CAD.

What benefits does Manulife offer to employees?

Manulife offers a wide array of customizable benefits, including health, dental, mental health, vision insurance, short- and long-term disability, life insurance, financial education resources, and a comprehensive retirement savings plan.

Manulife

Finance
Industry
10,001+
Employees

Mission & Purpose

Manulife is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We have more than 40,000 employees, over 116,000 agents serving ~34 million customers worldwide, and over $1.3 trillion in assets under management and administration.