Manulife Financial Corporation

Director of Pharmacy Benefits

Manulife Financial Corporation$100K — $130K *
Healthcare
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of experience in pharmacy benefits, drug strategy, or similar roles.
  • Deep understanding of the Canadian pharmacy landscape, including drug plans and specialty management.
  • Proven track record of supporting sales teams and consulting firms.
  • Ability to communicate complex pharmacy concepts effectively.
  • Executive presence for presentations to senior leaders and external partners.
  • Bachelor's degree required, with pharmacy degree or MBA preferred.

Responsibilities

  • Serve as pharmacy benefits expert for sales teams and consultants across Canada.
  • Collaborate with Sales Directors and Account Executives on new business and retention efforts.
  • Deliver pharmacy insights through presentations and knowledge-sharing sessions.
  • Advise plan sponsors on drug trends and cost containment strategies.
  • Provide strategic consultation in complex client situations.
  • Stay updated on Canadian pharmacy developments and industry trends.
  • Represent the organization at forums and client meetings.
  • Partner with internal teams to align pharmacy strategies.

Benefits

  • Empowerment to learn and develop your career.
  • Flexible work environment with a focus on well-being and inclusion.
  • Opportunities to shape the future within a global team.
  • Comprehensive health, dental, and mental health benefits.
  • Generous paid time off including vacations and personal days.
  • Retirement savings options including pension plans and employer matching contributions.
  • Access to financial education and wellness resources.
Full Job Description
The Director, Pharmacy Benefits serves as a trusted pharmacy subject matter expert within the Group Benefits business. As a key member of the GB Distribution team, the Director, Pharmacy Benefits has a strong focus on supporting sales, advisors, and consultants across the Canadian market.

This role is a critical interface between pharmacy strategy, sales enablement, and client advisory, helping position pharmacy solutions competitively while enabling sales and account management teams to confidently engage in complex pharmacy-related discussions. The Director provides thought leadership on drug trends, emerging therapies, and cost management strategies, supports key finalist presentations and advisor engagements, and works in close alignment with Product and other internal partners to drive growth and better outcomes for sponsors and plan members.

Position Responsibilities:

Sales & Market Enablement
  • Act as the pharmacy benefits subject matter expert for Group Benefits sales teams, advisors, and consultants across Canada.
  • Partner closely with Sales Directors, Account Executives, and distribution partners to support new business, finalist presentations, and strategic retention efforts.
  • Deliver compelling pharmacy insights and education through presentations, roadshows, and knowledge-sharing sessions.
  • Support consulting house and advisor relationships by clearly articulating pharmacy strategy, value propositions, and differentiators.


Client & Sponsor Advisory
  • Provide strategic pharmacy consultation to plan sponsors, including insights on:

o Drug trend drivers and emerging therapeutic classes
o High-cost drugs and specialty management strategies
o Cost containment approaches, formularies, and plan design considerations
  • Translate complex pharmacy and clinical topics into clear, practical guidance tailored to sponsor and advisor audiences.
  • Participate in complex client situations where deep pharmacy expertise is required to support informed decision-making.


Pharmacy Strategy & Thought Leadership
  • Stay current on the Canadian pharmacy ecosystem, including public and private drug programs, regulatory developments, and industry trends.
  • Partner with internal teams (e.g., Product and Underwriting) to ensure pharmacy insights are reflected in market-facing strategies.
  • Represent the organization at industry forums, advisor meetings, and client engagements as a pharmacy thought leader.


Required Qualifications:
  • 10+ years of experience in pharmacy benefits, drug strategy, or related roles within Group Benefits, insurance, PBM, consulting, or healthcare environments.
  • Deep understanding of the Canadian pharmacy landscape, including:

o Private and public drug plans
o Specialty and high-cost drugs
o Formulary management and cost containment strategies
  • Strong track record of partnering with or supporting sales teams, advisors, or consulting firms.
  • Proven ability to communicate complex clinical and pharmacy concepts in a clear, compelling, and commercially relevant manner.
  • Executive presence and comfort presenting to senior leaders, sponsors, and external partners.
  • Bachelor's degree required.


Preferred Qualifications:
  • Pharmacy degree (RPh), MBA, or equivalent advanced education considered a strong asset.


If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.

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.


The role being advertised is an existing vacancy.

Working Arrangement

Hybrid

Salary & Benefits

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 [redacted] 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 [redacted] 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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