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Working Arrangement: Hybrid
Job Description:
Employer: John Hancock Life Insurance Company (USA)
Job Site: 200 Berkeley Street, Boston, MA 02111
Job Title: Data Scientist
Job Duties:
- Develop and implement analytics-enabled solutions to improve business processes, generate insights, support business goals, and develop strategy.
- Own and deliver complete predictive modeling projects of moderate scope and manage assigned tasks on more complex predictive modeling projects.
- Utilize knowledge of different financial markets such as Forex, Commodities, and Credit Rates; and operational aspects of trade flows.
- Analyze large data sets and prepare data for predictive modeling.
- Apply models and methods such as classification and regressions (Linear, Logit, Multinomial Logit, Poisson, Proportional Odds, Lasso, Ridge), Decision Trees, Random Forest, GBM, SVD, SVM, Text Mining, etc. to solve business problems ranging from Marketing, Finance and Operations across organization’s geographies and divisions.
- Implement unsupervised machine learning models such as k-means clustering, k-mode clustering (Traditional, Bagged, Hierarchical), PCA model, etc. to segment data and improve business strategy and minimize risk.
- Perform sentiment analysis on data using NLP techniques such as lemmatizing, standardizing, count vectorizing, etc.
- Utilize knowledge of Topic Modeling techniques.
- Demonstrate shared value through the operationalization of algorithms into business process.
- Use code hosting platforms such as GitHub/Gitlab; and cloud platforms such as Azure ML.
- Execute model evaluation techniques such as ROC Curve, Accuracy, Precision, and R-Squared to select best model.
- Communicate results of cases of moderate complexity to business partners and recommend solutions to more senior data scientists and stakeholders.
- Utilize knowledge of complex financial products such as Derivatives, Options, Credit Default Swaps, Mutual Funds, etc. and associated modeling techniques.
May telecommute from any location within the Metropolitan Boston, MA area.
Minimum Requirements:
Master’s degree or foreign equivalent in Information Systems, Data Science, Statistics or related field and 3 years of experience in an information technology position.
Experience must include:
- 3 years of experience working in the finance industry and in-depth knowledge of complex financial products.
- 1 year of experience working with business operations or sales in the life insurance industry.
- 1 year of experience with machine learning / predictive modeling including regression, decision trees, clustering, random forests, and generalized linear models.
- 1 year of experience with analysis packages and programming languages such as Python or R.
- 3 years of experience with large datasets, SQL or other methods for manipulating relational databases.
- 1 year of experience with visualization tools such as Tableau and Power BI to create dashboards and deliver insights.
Experience may be gained before, during or after Master’s degree; and concurrently.
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: Boston, Massachusetts
Salary range is expected to be between: $83,440.00 USD - $154,960.00 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.)
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