The successful candidate will be responsible for supporting the Financial Institutions Team's most senior analysts in the administration of their fixed income portfolios and reinsurance counterparties. Specific responsibilities will include writing annual reviews of portfolio investments, preparing sector reviews, updating financial results, reviewing company publications and third-party research, meeting with management teams, rating agencies and sell-side professionals. The successful candidate must demonstrate an ability to perform the following functions or the capacity to attain proficiency in them after entering the position. Occasional travel may be required.
Position Responsibilities: Investment & Reinsurance Counterparty Administration- Identify and analyze company-specific and industry-wide investment risks.
- Develop a framework for developing credit ratings and rating tolerances.
- Translate investment risks into a credit rating.
- Become familiar with deal-specific and industry-standard documentation.
- Attend management presentations and actively participate in discussions on company strategy and performance where appropriate.
- Interface and build relationships with sell-side and third-party research analysts.
- Prepare comprehensive written reviews of individual investments which include annual reviews and sector reviews.
- Communicate changes in investment risk across the investment team and broader investment management complex on a timely basis.
- Support the company's reinsurance coverage program by reviewing new counterparty applications and preparing assessment reports for existing counterparties, including addendums, certifications, annual and sector reviews, and quarterly loan reviews.
- Serve as a key reinsurance liaison among business units, offshore teams, Credit Risk Management, and other relevant stakeholders to facilitate effective communication and coordination.
New Investment Opportunities- Contribute to efforts in researching markets, companies and industries for identifying new investment opportunities.
- Contribute to and participate in a due diligence process that includes meeting with issuer management and the development of documentation.
- Contribute to the preparation of investment memoranda in support of investment recommendations.
- Interface with Credit, Trading and Portfolio Management for your portfolio companies, and serve as a backup analyst in the absence of the primary analyst.
Corporate Outreach- Attend and represent MFC/JH at conferences, roadshows and management meetings.
- Contribute to junior analysts and intern recruitment efforts.
Required Qualifications:- 1-3 years of relevant experience, preferably with Financial Institutions experience in the banking and insurance sectors.
- A bachelor's degree in finance, business, accounting, or economics.
- Well-developed quantitative and qualitative analytical skills.
- Strong accounting and financial statement analysis skills.
- Highly developed written and verbal presentation skills.
- Competency in office software.
- Ability to think outside the box.
- Collaborative and highly engaged team player.
- Pursuing or planning to pursue the CPA, CFA designation or an MBA.
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.
#LI-Hybrid
The role being advertised is an existing vacancy.
Referenced Salary LocationToronto, Ontario
Working ArrangementHybrid
Salary range is expected to be between$94,250.00 CAD - $144,250.00 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.
