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Manulife Senior Risk Manager, Corporate Insurance in Waterloo, Ontario

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

Hybrid

Job Description

Description

The Corporate Insurance team is responsible for the corporate insurance program which includes procuring property and casualty (“P&C”) policies to protect the Company's assets including its directors, officers, and employees. We are a global function and interact with all divisions across Canada, Asia and the U.S. providing expert advice and insurance alternatives for P&C related matters.

The Senior Risk Manager, Corporate Insurance is responsible for implementation and maintenance of a comprehensive Insurance Risk Management program primarily responsible for our Casualty, Property and Environmental insurance portfolios. The position requires strong technical expertise relating to these insurance placements, insurance coverage analysis, and claims handling. Additional key accountabilities include insurance policy renewals, reviewing insurance provisions/requirements in contracts, leases, and RFPs, supporting the AVP, Head of Corporate Insurance and leading new initiatives.

Responsibilities:

Risk Management and Assessment

• Develop and support implementation of insurance risk transfer solutions

• Stay apprised of emerging regulations and monitor impact on policy terms

• Maintain up-to-date knowledge of insurance, policies, and coverage

• Assist business units by reviewing indemnification clauses and insurance requirements in contracts, leases, and RFPs

• Keep informed of developments and trends in the insurance industry through various forums and participation in professional associations and organizations

• Monitor and analyze decisions independently and determine whether changing internal or market conditions warrant new solutions

Managing the Corporate Insurance Program

• Experience with supporting multinational insurance programs with local insurance placements outside of Canada

• Lead key policy renewals and management information requirements including but not limited to financial lines and professional lines

• Responsible for data collection, review, and submission of applications in support of insurance placements.

• Participate in negotiation of coverage terms

• Verify the accuracy of underwriting submissions, quotes, binders, and policies and ensure issues are resolved in a timely manner

• Work with internal clients to ensure the business unit insurance requirements and needs are met and provide advice regarding the insurance protection afforded under the Corporate Insurance program

Other Duties

• Mentor team members by providing training and guidance

• Be an active member in the Risk Management community

• Maintain strong relationships with external partners including brokers and insurers

Qualifications

• Canadian Risk Management designation

• At least 7-10 years’ experience relating to the insurance and risk management industry

• Prior work-related experience as a broker, underwriter or senior claims adjuster

• Working knowledge of insurance policy terms and conditions (Familiarity with Professional lines would be an asset)

• Strong organization skills and ability to work well under time pressure

• Highly developed communication skills with ability to interact effectively with all levels of management

• Solid relationship management skills

• Self-motivated and capable of working as cross-functional team member as well as independently

• Excellent analytic and problem-solving skills with strong attention to detail

• Proficient computer skills

What can we offer you?

  • A competitive salary and benefits packages.

  • A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn 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 to you

  • Values-first cultureWe lead with our Values every day and bring them to life together.

  • Boundless opportunityWe create opportunities to learn and grow at every stage of your career.

  • Continuous innovationWe invite you to help redefine the future of financial services.

  • Delivering the promise of Diversity, Equity and InclusionWe foster an inclusive workplace where everyone thrives.

  • Championing Corporate CitizenshipWe build a business that benefits all stakeholders and has a positive social and environmental impact.

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

Toronto, Ontario

Salary range is expected to be between

$84,375.00 CAD - $151,875.00 CAD

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 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 and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.

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