About the Role
This role supports the Financial Institutions Team's senior analysts in administering fixed income portfolios and reinsurance counterparties. Responsibilities include writing annual reviews, preparing sector reviews, updating financial results, and reviewing company publications and research.
Responsibilities
- Identify and analyze company-specific and industry-wide investment risks.
- Develop a framework for developing credit ratings and rating tolerances.
- Translate investment risks into a credit rating.
- Become familiar with deal-specific and industry-standard documentation.
- Attend management presentations and actively participate in discussions on company strategy and performance where appropriate.
- Interface and build relationships with sell-side and third-party research analysts.
- Prepare comprehensive written reviews of individual investments which include annual reviews and sector reviews.
- Communicate changes in investment risk across the investment team and broader investment management complex on a timely basis.
- Support the company's reinsurance coverage program by reviewing new counterparty applications and preparing assessment reports for existing counterparties, including addendums, certifications, annual and sector reviews, and quarterly loan reviews.
- Serve as a key reinsurance liaison among business units, offshore teams, Credit Risk Management, and other relevant stakeholders to facilitate effective communication and coordination.
- Contribute to efforts in researching markets, companies and industries for identifying new investment opportunities.
- Contribute to and participate in a due diligence process that includes meeting with issuer management and the development of documentation.
- Contribute to the preparation of investment memoranda in support of investment recommendations.
- Interface with Credit, Trading and Portfolio Management for your portfolio companies, and serve as a backup analyst in the absence of the primary analyst.
- Attend and represent MFC/JH at conferences, roadshows and management meetings.
- Contribute to junior analysts and intern recruitment efforts.
Requirements
- 1-3 years of relevant experience, preferably with Financial Institutions experience in the banking and insurance sectors.
- Well-developed quantitative and qualitative analytical skills.
- Strong accounting and financial statement analysis skills.
- Highly developed written and verbal presentation skills.
- Competency in office software.
- Ability to think outside the box.
- Collaborative and highly engaged team player.
- Pursuing or planning to pursue the CPA, CFA designation or an MBA.
Skills
- Fixed income portfolio administration
- Reinsurance counterparty administration
- Investment risk analysis
- Credit rating development
- Financial statement analysis
- Written and verbal presentation
- Office software competency
Location
- Toronto, Ontario
Work Type
- Hybrid
Experience Level
- 1-3 years
Education Level
- Bachelor's degree in finance, business, accounting, or economics
Salary/Compensations
- $94,250.00 CAD - $144,250.00 CAD
Benefits
- Opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.
- Health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage.
- Adoption/surrogacy and wellness benefits.
- Employee/family assistance plans.
- Retirement savings plans (including pension and a global share ownership plan with employer matching contributions).
- Financial education and counseling resources.
- Holidays, vacation, personal, and sick days.
- Full range of statutory leaves of absence.
About the Company
- Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better.
Equal Opportunity
- 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 hr@manulife.com.
