Benefits Calculation Analyst - Boston, United States - Manulife

Description

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement

Remote

Job Description

The Opportunity

This role's primary job focus is to prepare and review manual benefit calculations and provide pension related administration support for special projects such as plan terminations and lump sum windows. Calculation types are varied and include deaths, QDRO's, disability, leave of absence, rehires, over 70.5 required increases, RMD's, and various other calculations as needed to administer the pension plan. We are looking for an incumbent who has expertise in pension plans, reviewing plan documents, interpreting plan provision and able to review benefit calculations. The calculation analyst will also participate in special project work such as data clean up and preparation of required notices for plan terminations and lump sum windows and other project requests as needed.

Responsibilities

• Prepare and review sophisticated manual benefit calculations according to plan document provisions
• Support plan terminations as needed, including preparing data files, calculating benefits and preparation of required notices with assistance from project lead
• Support lump sum window and annuity purchase projects; such as preparing data, forms creation and tracking
• Interpret plan provisions to assist other departments and provide administrative support
• Other duties as assigned

How you will build Impact?

This employee will report to the Manager, Calculations and Special Initiatives Team which is part of the Benefits Consulting Group at John Hancock. This team member plays an important direct role in assisting participants with receiving their retirement benefits either through the regular retirement process or through special offerings such as plan terminations or lump sum windows.

What we are looking for

• Bachelor's degree in Mathematics, Actuarial Sciences, or similar subject or equivalent experience
• 3-5+ years in the Defined Benefit field, including experience with reviewing Benefit Calculations
• Strong organizational, analytic and problem solving ability with attention to detail
• Outstanding skills with MS Office Applications, particularly MS Excel
• Ability to multi-task and lead work load efficiently
• Ability to provide concise, accurate explanations and understanding in addition to mathematical responses

What can we offer:

• A competitive salary and benefits packages.
• We offer a growth trajectory that extends upward and outward, encouraging pursuit of passions and learning of new skills
• A focus on growing your career path with us.
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment:

• Values-first cultureWe lead with our Values every day and bring them to life together.
• Boundless opportunityWe build opportunities to learn and grow at every career stage.
• Continuous innovationWe invite you to help redefine the future of financial services.
• Delivering the promise of Diversity, Equity and InclusionWe foster an inclusive environment where everyone thrives.
• Championing Corporate CitizenshipWe build a business that benefits all partners and has a positive social and environmental impact.

#LI-Remote

#LI-JH

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong.

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 .

Salary & Benefits

The annual base salary for this role is listed below.

Primary Location

USA, Massachusetts - Full Time Remote

Salary range is expected to be between

$58,875.00 USD - $98,125.00 USD

If you are applying for this role outside of the primary location, please contact 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/John Hancock 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/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

Company: John Hancock Life Insurance Company (U.S.A.)