Manulife Financial Corporation

Product Owner, Individual Insurance

Manulife Financial Corporation • $70K — $117K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years of experience in math, statistics, actuarial science, business, technology or related fields.
  • Familiarity with agile product management tools such as Jira and Confluence.
  • CPO certified (a must).
  • Experience in life and living benefits insurance, especially with illustration or calculation capabilities.
  • Strong analytical skills with the ability to adapt in a fast-paced environment.
  • Excellent communication skills for translating complex needs into technical terms.
  • Ability to influence and collaborate without direct authority.

Responsibilities

  • Own and express the product vision and prioritized backlog for IIC illustrations.
  • Collaborate with experts to validate fire product and tax calculations across systems.
  • Plan features and epics, converting them to user stories with clear acceptance criteria.
  • Clarify customer and business needs for delivery squads regarding product priorities.
  • Gather and analyze requirements, stakeholder feedback, and operational insights for product decisions.
  • Lead testing in partnership with stakeholders to resolve defects and calculation issues promptly.
  • Coordinate efforts across various departments to ensure robust implementation of product features.

Benefits

  • Opportunity for professional development and growth.
  • Flexible working environment that promotes well-being and inclusion.
  • Support from a global team to help shape a desirable future.
  • Comprehensive health and wellness benefits including mental health support.
  • Generous paid time off including holidays, vacation, and personal days.
  • Retirement savings options with employer matching contributions.
Full Job Description
As Product Owner, IIC Illustrations, you will lead the definition, prioritization and delivery of illustration capabilities within the Product ART. Reporting to the Director, Chief Product Owner, you will partner with other product owners, delivery teams and business experts to ensure insurance product and tax calculations are accurately reflected in illustration solutions and downstream systems.

You will bring a strong customer focus, analytical mindset, and collaborative leadership style to a fast-paced environment where priorities evolve and ideas are encouraged. Your work will help simplify the advisor and customer experience through clear, reliable, and intuitive illustration capabilities.

Position Responsibilities:

  • Own and communicate the product vision, outcomes and prioritized backlog for IIC illustration capabilities.
  • Collaborate with business subject-matter experts to validate product, tax and related illustration calculations across illustration and downstream systems.
  • Define and plan features and epics, then work with the IT BAs to decompose them into clear user stories with acceptance criteria, assumptions, risks and dependencies.
  • Provide delivery squads with clarity on the customer and business needs, including the "what" and "why" behind priorities.
  • Elicit and synthesize requirements, research findings, stakeholder feedback, and operational insights to inform product decisions.
  • Lead business acceptance testing in partnership with business stakeholders and support timely resolution of defects and calculation discrepancies.
  • Coordinate with Technology, Sales, Marketing, Compliance, Operations and other internal or external partners to enable successful implementation.
  • Monitor outcomes and user experience after launch, identify improvement opportunities and adjust the backlog as required.
  • Identify delivery risks, dependencies and trade-offs early, and support evidence-based decisions and transparent escalation.


Required Qualifications:

  • 3-5 yrs of relevant experience in mathematics, statistics, actuarial science, business, technology or a related discipline.
  • Working knowledge of agile product management principles and tools, including backlog management, user story writing, release planning, Jira and Confluence.
  • CPO certified (must have)
  • Experience in the life and living benefits insurance industry, with knowledge of insurance products, illustrations or calculation-driven capabilities considered a strong asset.
  • Strong analytical, organizational and problem-solving skills, with the ability to manage changing priorities in a fast-paced environment.
  • Excellent written and verbal communication skills, including the ability to translate complex business and calculation needs for technical audiences.
  • Demonstrated ability to influence, facilitate decisions and resolve conflict without direct authority.
  • Ability to build trusted relationships and lead cross-functional groups toward collaborative and practical solutions.
  • Proactive risk management and sound judgment, with confidence to raise issues and recommend options.
  • Adaptability, curiosity and a continuous improvement mindset.
  • Ability to coach and support colleagues while fostering an inclusive and respectful team environment.


How you will work

  • Customer obsessed: listen, learn and act in the best interests of customers and advisors.
  • Think big: challenge existing approaches and use an agile mindset to improve business outcomes.
  • Get it done together: build strong relationships and bring diverse perspectives into decisions.
  • Own it: take accountability, focus on what matters and follow through on commitments.
  • Do the right thing: act with integrity, raise concerns and support responsible outcomes.
  • Share your humanity: help create a diverse, equitable and inclusive environment where everyone can contribute.


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.

Referenced Salary Location
Waterloo, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between
$70,500.00 CAD - $117,500.00 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 [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.

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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