Manulife Financial Corporation

2026 GRO Program - Actuary (Canada) (Waterloo)

Manulife Financial Corporation$75K — $105K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Pursuing a University degree in Actuarial Science, Math, Statistics, or related field with graduation expected in 2027.
  • Relevant actuarial experience, demonstrating commitment to FSA/FCIA through at least one SOA exam passed.
  • Exceptional interpersonal and organizational skills required.
  • Strong analytical and problem-solving abilities, solution-oriented mindset.
  • Self-motivated team player with a strong work ethic and high initiative.
  • Proficiency in Excel is essential; experience with AXIS or actuarial software is an asset.

Responsibilities

  • Design and price insurance and annuity products.
  • Establish actuarial assumptions and quantify reserves, fulfilling regulatory and capital requirements.
  • Provide analysis and sound advice to align with strategic business goals.
  • Collaborate with management to identify risks and opportunities to enhance business performance.
  • Promote continuous improvement through analysis of procedures and actuarial methodologies.

Benefits

  • Empowerment to develop your career with support and opportunities for growth.
  • Flexible work environment that values well-being and inclusion.
  • Support from a global team to help shape your future.
  • Wide array of customizable health and wellness benefits, including mental health support.
  • Retirement savings plans, including employer-matched contributions and financial education resources.
  • Generous paid time off program, covering vacation, personal days, and statutory leaves.
Full Job Description
Step into your future with our Actuarial Development Program (ADP) - a key stream within our GRO early talent program. ADP is designed to launch high-potential actuarial talent into impactful careers through structured rotations every 18 - 24 months across areas like Pricing, Valuation, Risk Management, and more. As part of GRO, you'll join a vibrant community of peers, benefit from professional development sessions, core skills training, mentorship, leadership exposure, and full support on your FSA/FCIA journey-including paid study time and exam resources. With increasing responsibility, competitive compensation, and access to Canada's largest actuarial network, ADP empowers you to grow into a future business and technical leader while making a difference for customers around the world.

Position 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 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.


Required Qualifications:

  • Working towards a University degree in Actuarial Science, Math, Statistics, or related discipline with expected graduation of 2027.


  • Possessing relevant actuarial experience and demonstrating a strong commitment towards FSA/FCIA designations (e.g. passing at least one SOA exam).


Preferred Qualifications:

  • 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.


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.


Application Instructions:

  • Please indicate the number of actuarial exams you have completed in your resume.


  • Please submit your resume, academic transcript, and work term evaluation (if any) in one PDF file.


Salary range is expected to be between:

  • $75,000.00 CAD - $105,000.00 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 [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.


This posting supports an ongoing hiring initiative for existing and/or future vacancies.

Referenced Salary Location
Waterloo, Ontario

Working Arrangement

Salary range is expected to be between
$60,900.00 CAD - $101,500.00 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 [email protected] 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 [email protected] 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.

About Manulife Financial Corporation

John Hancock's core retail products in the U.S. focus on providing financial solutions at every stage of our clients' lives. Our product suite includes life insurance, mutual funds, 401(k) plans, long-term care (LTC) insurance, and annuities. We distribute our products primarily through licensed financial advisors, and through John Hancock Financial Network, a national network of independent firms.

Manulife Financial Corporation Careers

Join the dynamic team at Manulife Financial Corporation, a leading global financial services group dedicated to helping people make their decisions easier and lives better. With a presence in more than 20 countries, Manulife offers a diverse range of job opportunities that empower professional growth and innovation in the financial sector. Work You’ll Do At Manulife, every position contributes to our inclusive culture of diversity, leadership, and innovation. We are committed to fostering a workplace where every team member feels valued and has the opportunity for personal and professional growth. Join us to be part of a company that values your skills and passion. Explore a Wealth of Opportunities Whether you're seeking your first internship or a seasoned professional aiming to advance your career, Manulife offers a spectrum of career paths ranging from finance and marketing to technology and customer service. Our job opportunities are designed to enhance your skills through robust training programs and hands-on experience in a supportive environment. Innovate with Us Drive transformation in the financial services industry with Manulife’s commitment to technology and innovation. Work alongside over 34,000 professionals globally, leveraging cutting-edge tools and processes that redefine how financial services are delivered. Be Part of a Great Team Manulife’s team-oriented approach ensures that everyone’s voice is heard and valued. Collaborate with talented professionals from diverse backgrounds to develop solutions that improve the lives of our customers. Enjoy the benefits of a global company that supports your ambitions with resources and opportunities to lead and innovate. Future-Proof Your Career Manulife supports your career journey with continuous learning and development opportunities. From leadership training to networking events, we provide the tools to succeed and the platforms to showcase your achievements. Our commitment to career growth ensures that your journey with us will be rewarding and impactful. Stay Connected Join Our Team Discover the range of job opportunities at Manulife by exploring open positions that match your skills and interests. We are always on the lookout for curious, driven, and innovative team players who are ready to make a difference. Keep Up to Date Stay informed with the latest company news, career tips, and industry insights—all from the people who work here. Manulife is dedicated to providing you with the resources to thrive in your career. Job Alert Emails Customize your experience by subscribing to receive job alerts and insider information tailored to your preferences. Learn about exciting and rewarding opportunities as they arise and how you can be a part of our transformative team. Join Manulife Financial Corporation today and be part of a leading company where your career is as rewarding as it is impactful. Explore how far your talents can take you in an environment built on respect, integrity, and a desire to achieve the best outcomes for our clients and our team.
Learn more about Manulife Financial Corporation
Size
38,000 employees
Market Cap
$33.4 billion
Industry
Founded
1887
5 Year Trend
+1%
NASDAQ

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