Assist in ensuring that the Manulife Funds' securities are valued at fair market value by addressing pricing exceptions in accordance with the Securities Valuation Group's daily checklists, the Funds' Valuation Policies and Procedures, and standard operating procedures. In addition, support the fair valuation process, specifically relating to the research, analysis, documentation and reporting of fair valuation recommendations. The
Senior Valuation Analyst II researches valuation exceptions and identifies supporting documentation relating to valuation exceptions. The role also identifies issues which may require fair valuation by the Pricing Committee and makes recommendations on how to fair value certain securities for review by a Director before presentation to the Pricing Committee for consideration.
Position Responsibilities:- Perform daily checklist items and ensure the accuracy and completeness of the daily tasks.
- Ensure that all pricing exceptions and discrepancies are properly addressed and resolved, including addressing with pricing vendors and/or sub-advisors.
- Address pricing exceptions by assessing available market trading levels and/or broker quotes, available news stories, and interacting with sub-advisors to determine reasonability of prices obtained.
- Analyze fair valuation methodologies obtained from sub-advisers to confirm whether methodologies obtained are reasonable and are supported by clearly defined rationale.
- Analyze facts and circumstances relating to fair value issues, and document background of issues and recommendations to be presented to the MANULIFE Pricing Committee.
- Analyze macro-economic events and how they may impact the valuation of the Funds' holdings.
- Assess adequacy of procedures and controls and identify enhancements, where appropriate.
- Perform back-testing of fair value prices and assess effectiveness of methodologies used.
- Utilize technology to improve efficiencies within the Securities Valuation Group.
- Assist in preparation of monthly and quarterly Pricing Committee meeting materials.
- Research valuation exceptions and identify supporting documentation relating to the valuation exceptions.
- Identify issues which may require fair valuation by the Pricing Committee.
- Make recommendations on how to fair value certain securities that will first be reviewed by a Director before a recommendation is presented to the Pricing Committee for consideration.
- Other duties as assigned.
Required Qualifications:- Bachelor's degree required.
- 5-10 years of relevant industry experience.
- Strong working knowledge of Bloomberg.
- Strong knowledge of financial products, complex securities, derivatives, options, futures and fixed income securities.
- Excellent analytical and problem-solving skills.
- Strong communication and organizational skills.
- Must be proficient with Microsoft Excel.
- Working knowledge of financial models and fundamental understanding of valuation techniques.
Preferred Qualifications:- Business degree in Accounting or Finance preferred.
- Advanced degree or CFA designation is a plus.
- Strong knowledge of foreign and domestic securities markets and security types is preferred.
- Microsoft Access experience preferred.
If you are applying to this role in Massachusetts, please note the salary range is $73,350 to $122,250 USD. Additionally, employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.
The role being advertised is an existing vacancy.
Referenced Salary LocationBoston, Massachusetts
Working ArrangementHybrid
Salary range is expected to be between$73,350.00 USD - $122,250.00 USD
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/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. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.
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.
Company: John Hancock Life Insurance Company (U.S.A.)
