Reinsurance Specialist

The Global Reinsurance team manages >1,000 reinsurance agreements, with >$700 billion in ceded risk and $2.5 billion of annual premiums. We are currently seeking a highly motivated Reinsurance Specialist to join our team.

The incumbent will be responsible for administering ceded business with moderate to complex issues. The prospects will have the opportunity to work with cross-disciplinary teams within Manulife. 

Key responsibilities:

• Investigate, analyze, and process policy exceptions in the reinsurance administration system
• Responsible for the completeness, accuracy and reliability of premium, risk and claim information for assigned ceded business
• Own billing reconciliation and reinsurer payments
• Support small to medium projects and clean up initiatives, ensuring deliverables are completed accurately and on time
• Respond to internal or external queries in a professional and timely manner
• Identify, resolve, or escalate unusual business trends
• Support audits by providing evidence and examples
• Develop and maintain strong working relationships with various departments within the segment and across segments
• Data driven approach to in force management
• Identify and own process improvements including potential automations

Who are you?

• You don’t like to sit idle, and enjoy working in fast-paced environments – you tend to gravitate to roles where every day can present something new
• You obsess about customers, seeking ways to listen, engage and act for their benefit
• You think big, with a constant curiosity to discover ways to use an agile mindset and enable the business to achieve its outcomes
• You thrive in teams establishing relationships, believing getting it done together drives innovation
• You take ownership with an entrepreneurial mindset that builds solutions, focusing on what matters
• You do what is right, working with integrity and speaking out when needed
• You share your humanity, building a diverse and inclusive work environment for everyone

Required Qualifications:

• 2-5 years' experience in insurance or other relevant industry
• Strong understanding of insurance (policy lifecycle) and reinsurance principles, practices, and trends
• Exceptional communication skills with the ability to work independently and as part of a team
• Demonstrated ability to manage multiple priorities in a production-based environment
• Strong analytical skills
• Intermediate accounting knowledge

• Strong technical skills with high proficiency in Microsoft Excel
• Experience with IT tools or programs such as SQL, Python, Power Apps, Power Automate and Power BI
• Background or degree in finance, math, actuarial sciences or similar

Preferred Qualifications:

• Direct experience with ceded reinsurance administration
• Industry relevant courses and certifications such as LOMA
• Manulife specific product knowledge
• Experience with contract language and interpretation

When you join our team:

• As part of our global team, we’ll support you in shaping the future you want to see.
• 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.   

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].

Referenced Salary Location

Salary range is expected to be between

If you are applying for this role outside of the primary location, please contact [email protected] for the salary range for your location. 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. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

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.