Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference and a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.
As Director, IFRS 17 & Accounting Projects, the incumbent will be responsible for leading John Hancock's implementation of IFRS 17 "Insurance Contracts". John Hancock's implementation of IFRS 17 is part of Manulife's global program to begin parallel reporting using this new accounting standard in 2020.
IFRS 17 will require insurers to present their financial information from a whole new perspective that brings greater comparability and transparency about the profitability of our insurance businesses. Implementing IFRS 17 is a huge undertaking requiring coordination between Finance, Actuarial, and IT to upgrade systems, processes, and controls. It also offers us the opportunity to gain new insights into our businesses and improve process efficiency.
Serve as a member of the global IFRS 17 implementation team and assist with strategy and solution identification as it relates to John Hancock
Collaborate with Finance, Actuarial and IT to review the current end to end financial reporting process and identify required changes to systems, processes and controls
Establish a pilot program to assess operational readiness and financial impacts for sample product lines
Design analytical tools for testing and analyzing IFRS 17 pilot program results
Support broader efforts to develop IFRS solutions using insights gained from the pilot program
Provide updates to senior management and the global implementation team
Support IFRS 17 education and training
Complete other special projects and analyses, as requested
Knowledge, Skills, Competencies:
Bachelor's Degree in Accounting or Finance, CPA required
Prior insurance industry or financial services experience required
Advanced knowledge of IFRS accounting standards is a plus
10 years of accounting/finance experience
Prior supervisory experience and project management experience preferred but not required
Understanding of reinsurance is a strong plus
Understanding of risks and controls
Excellent analytical, research, and problem-solving skills
Strong written and oral communication skills
Must be a team player, self-starter, well-organized, innovative, and possess a high level of initiative
Comfortable working with senior levels of management and able to cope in a fast paced, dynamic work environment
Demonstrated ability to work independently and establish priorities to meet tight deadlines
Ability to work in a complex financial environment
Big picture perspective with strong attention to detail
Exercise and demonstrate sound professional judgment
About John Hancock Financial and Manulife
John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. 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 trillion (US$806 billion) as of September 30, 2017. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and college savings plans. We also offer advice through Signator, a network of independent financial advisors. Additional information about John Hancock may be found at johnhancock.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
John Hancock Financial Services