Portfolio Modeling SME, Global Asset Modelling

Quezon City, Metro Manila
Permanent
Full-time

1 day ago

The GAM - Investments Team is responsible for reporting and analysis of invested assets results which are used for external disclosures and internal analyses, and developing investment models which are used to calculate reserve levels for risk management activities, and for other critical business functions within the company. The reports include actuals and forecasts of investment results for all segments (US, Canada, Asia, and Corporate). The models are also used in evaluating the adequacy of reserve levels, as well as make dividend recommendations. Accuracy and timeliness are critical measures of success.Investment results reports are populated using financial data from the ledger and are sent and presented to all internal stakeholders and to Manulife’s executive leadership team on a quarterly basis. AXIS* models are populated with investment parametric data (e.g., coupon, maturity, par values, etc.), cash flow data (e.g., projected sinking funds and amortization) and return assumptions (e.g., dividends and appreciation) and are sent to Global Actuarial and local Actuarial teams on annual and quarterly basis.*AXIS is an actuarial software platform that houses and projects investment and insurance liability data.Responsibilities:Investment Results Reporting (50% of time)Lead activities to prepare the data and commentaries for the quarterly Investment Gains Memo (IGM) for actuals and forecast. The activities include data gathering, investment analysis, collaboration with various sources and stakeholders, and review the results and provide guidance to junior analysts.Ensure accuracy of the reports by conducting reviews and identifying areas checks and controls improvements.Support in internal and external audit requirements. Review process documentations and model vetting outputs.Initiate and lead process improvements, standardizations, and automations. Ensure proper change management is implemented.Actuarial Model Development (30% of time)Gather investment accounting information from various internal sources (e.g., derivatives from Findur, bonds and stocks from the Market Value Data Warehouse, mortgages from Enterprise [Mortgage Accounting system]), screen and question information to ensure accuracy, populate data into GGY AXIS models. Once AXIS models are populated, run reports as requested by Managers and Directors and send for review.Ensure portfolio yields and durations are viable and accurate. Balance the model’s assets to the General Ledger and escalate any issues and concerns to the Sr. PM’s or Mgr, PM.Responsible for verifying accuracy of analysts’ results and outputs.For the Quarterly AXIS report: Populate additional information such as yield curves, spreads and re-investment strategies as directed by the Mgr, PM.Gain understanding about information required for reserve calculations as prescribed by the Superintendent Office of Financial Institutions.Miscellaneous (20% of time)Lead ad-hoc projects as assigned. Provide direction on process improvement projects.Write and review reports and presentations.Lead the direction of research on issues/queries coming from customers as necessary.Independently lead and review (for SOX purposes) that cash flow calculations in AXIS can be replicated in Excel. Report results to the Director.Lead the development of the team’s business acumen through providing insightful analyses and train junior staff to develop this competency.Train junior analysts on new tasks for growth and existing tasks for business continuity.Qualifications:Bachelor's Degree in Mathematics, Finance or Management EngineeringStrong understanding of Investment theory and terminology, as well as financial accounting concepts. This may be derived from academic study or related work experience.Demonstrated ability to develop and interpret more advanced models involving overall business strategies. Capable of working outside of standard procedures to resolve issues. Tasks performed have a long-term impact on the business and must be highly accurate, i.e., Investment Plan development and cash flow forecasting tasks.Advanced working knowledge of MS Suite, Macros (e.g., Visual Basic); relational databases (e.g., MS Access); actuarial models (e.g., GGY AXIS).3-5 years of progressive portfolio modeling experience required.Competencies:Excellent comprehension, analytical and decision-making skillsKeen attention to detailStrong interpersonal and communication skills, demonstrated ability to work as an individual contributor and mentor to junior-level staff as necessaryKnowing how to identify when a problem exists with valuations and escalating the problem to the appropriate level on the team for resolutionProblems/Challenges:Balancing the mentor role while maintaining own workload. Teaching junior staff on an ongoing basis.Maintaining high quality work while meeting tight deadlines and handling ongoing pressure to deliver.Managing changing priorities and simultaneous projects - time management challenges.Ability to recognize and escalate potential issues, pinpointing the issue and resolving.Handling feedback on the scrutiny of data by Senior Management and clients.Frequently called upon to explain complex models to non-technical people.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 distributed team, we’ll support you in crafting the future you want to see!

About Manulife and John HancockManulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit .Manulife is an Equal Opportunity EmployerAt 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 .Working Arrangement Hybrid

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