Chris Mcrae Email & Phone Number

Waterloo, On, Ca

Waterloo, Ontario, Canada

- Accountable for valuation of Manulife's Cdn Retail Term and Non-Par Whole Life insurance valuation (~50B reserves)- Responsible for preparing and explaining key drivers of quarterly earnings, sensitivities and LICAT capital reporting,- Support for reinsurance and other initiatives to reduce risk and improve shareholder return, we notably recently executed the largest UL reinsurance transaction in Canada

Waterloo, Ontario

Responsible for policy & reporting implementation of IFRS 17- Policy application for all Cdn. lines of business, except variable annuities (and Par application was primarily handled by a central team)- Preparation, analysis & explanation of quarterly financial reporting- Leading IFRS 17 business plan- Quantification and explanation of initial IFRS 17 balance sheet- Providing regular updates to Cdn. CFOs and general managers re. IFRS17 policy application & financial implications- Assisting with system and accounting implementation choices

- Designed and led implementation of end-to-end automated reserving, management and financial reporting system- Increased transparency and accountability for finance project & transformation spend thru new KPI report listing quarterly results achieved vs. effort/expenditure and cost/benefit of new opportunities- Completed actuarial reviews of reserving and reporting methods to ensure consistency with internal & external guidelines - Prepared recommendations to increase transparency of profit-sharing income & harmonize experience refund reserve methods

Actuarial lead for harmonizing Standard Life asset modelling and reporting (CALM / investment gains) as well as other aspects of the actuarial integrationKey Achievements:- Developed methodology for Standard Life investment gain statement and explained quarterly results- Facilitated implementation of new asset modeling assumptions- Led group annuity mortality study for combined entity

Kitchener, Canada Area

Responsible for maintaining and improving effectiveness of Canadian dynamic hedging program; focusing on fund and asset strategies to minimize basis riskKey Achievements:- Collaborated with Investment team to optimize liability hedging program using OTC market instruments for Canadian corporate bonds, US high yield bonds and equity sector mismatches- Worked with fund partners to setup enhanced data feeds to support more sophisticated strategies- Implemented first hedging review of 100+ segregated fund lineup- Revamped production models & processes to increase automation and improve accuracy & controls(6 month parental leave from July-Dec)

Responsible for pricing and financial models supporting Manulife's entry into PRPP marketKey Achievements:- Developed Excel/AXIS hybrid model producing combined financial projections under various legislative scenarios

Responsible for pricing of group annuity productsKey Achievements: - Supervised and reviewed pricing of dozens of high-value group annuities- Revamped asset selection tool to optimize asset mix- Completed mortality study, including new trending methodology- Automated quote tools and re-distributed work to reduce turn-around time by 50%

Hartford, Connecticut Area

Responsible for calculation of market consistent reserves and DAC projections for UK variable annuitiesKey Achievements:- Developed & implemented MoSes model changes to accommodate FAS 157- Seconded to project deriving greek calculations for potential static hedge- Revamped monthly reserve attribution

Hartford, Connecticut Area

Key Achievements: - Review of IBNR Reserve Methodology & Implications- Researched & prepared rate proposal for AD&D & 30+ riders

Montreal, Canada Area

Key Achievements:- Implementation of pension plan for major new transportation client- Created commuted value validation tool later adopted by other colleagues