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Accounting Projects
Manulife Financial
Boston, MA, United States
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Job Description:
Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.
Job Description
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.
Key Responsibilities:
• 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
LI-JH- JHC
If you are ready to unleash your potential it’s time to start your career with Manulife/John Hancock.
About Manulife
Manulife Financial Corporation is 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 as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. At the end of 2016, we had $977 billion (US$728 billion) in assets under management and administration, and in the previous 12 months we made almost $26 billion in payments to our customers.
Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Manulife is committed to supporting a culture of diversity and accessibility across the organization. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request an accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.