John Hancock Portfolio Modeling Analyst in Boston, Massachusetts
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With work that challenges and makes a difference and a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.
Manulife's Investment Division manages the Company's General Fund on-balance sheet assets and, through Manulife Asset Management, manages assets for institutional clients and investment funds in key markets around the world. Manulife Asset Management also provides investment management services to affiliates' retail clients through product offerings of Manulife and John Hancock.
The Portfolio Modeling Team is responsible for the invested asset model production cycles for various internal customers at Manulife/John Hancock. These valuation models are used for quarterly quantification of actuarial reserve levels, monthly reporting of portfolio manager economic value-added and ALM/risk management functions (i.e., manage duration and target asset allocation mismatches and to rebalance portfolios as necessary), and for other critical business functions within the company as well. Models are created in GGY AXIS, an actuarial software platform that houses and generates projections of inforce invested assets and insurance liabilities.
Specific responsibilities of the Portfolio Modeling Analyst include:
Pull investment accounting data feeds from various internal source systems (e.g., derivatives from Findur, bonds, stocks and alternative assets from the Eagle Market Value Data Warehouse, mortgages from Enterprise), link data feeds to GGY AXIS models and populate additional information such as yield curves and credit spread, expense factor, and default rate tables and update reinvestment strategies as necessary.
Prepare and analyze various check files to ensure model integrity, such as reconciliations of the model's starting asset positions to the General Ledger. Scrutinize model inputs and outputs, research flagged issues and resolve/escalate any data quality issues and concerns.
Research and prepare modeling methodology updates (basis changes) and quantify the impact on the CALM Reserves and cashflows.
Work on ad-hoc projects as assigned, write and review reports and presentations, and lead research projects as necessary. Provide second tier support for all department staff as required. Write and debug code, build/modify other internal structure in AXIS. Participate in model vetting projects.
Assist in the development of the annual Investment Plan. Forecast expected investment returns (yields and dollars of investment income) associated with MFC’s investment portfolios. Work under close supervision to develop AXIS forecasting models; act as a liaison to Quality Assurance and escalates issues as necessary; support revisions for the Plan.
Extract cash flow information and reformat into an investment demand report displaying types of new investments for each of the Business Segments.
Bachelor’s Degree in a finance or related field required. Progress toward a professional designation, such as CFA, FRM and/or ASA/FSA, and/or a graduate degree is strongly preferred.
At least 2 years of directly-related financial modeling experience required.
Working knowledge of investment theory and terminology and financial valuation and accounting concepts.
Must have the ability to handle large amounts of complex data, develop models and provide analysis involving interrelated variables. Extrapolate longer term impact on the business, i.e. quantifying the impact of credit quality upgrades or downgrades on future reserve levels.
Solid understanding of Excel with a working knowledge of Visual Basic is desired; familiarity with relational databases (MS Access) and an actuarial or statistical package (GGY AXIS, Matlab, SAS) is desirable.
Self-starter, strong interpersonal and communication skills, demonstrated ability to work in a team environment and independently.
This position is subject to the Securities and Exchange Commission’s Pay-to-Play Rule 206(4)-5 regarding political contributions by investment advisors and their covered associates.
About John Hancock Financial and Manulife
John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were over $1.1 trillion (US$850 billion) as of March 31, 2018. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found atmanulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10.7 million Americans with a broad range of financial products, includinglife insurance,annuities,investments,401(k) plans, andcollege savings plans. We also offer advice through Signator, a network of independent financial advisors. Additional information about John Hancock may be found atjohnhancock.com.
Agency submissions and contacts are by invitation only and must be initiated by John Hancock's Recruiting Department only. Unsolicited agency submissions will not be honored.
JOHN HANCOCK IS AN EQUAL OPPORTUNITY EMPLOYER - AA/F/M/D/V
Organization: *Back Office & Support
Title: Portfolio Modeling Analyst
Requisition ID: 1805956
Other Locations: US-MA-Boston