Vice President, Product & Pricing
Location
Waterloo, ON | Canada
Job description
What we do every day to be our very best
Every day at Securian Canada means a day spent helping Canadians and their families build secure tomorrows. We’re agile and innovative, and we aren't afraid to challenge and create, or bring diverse perspectives to our work.
Who we need The
Vice President, Product & Pricing will be accountable for the overall leadership of the company's industry-leading insurance product shelf, and setting and executing strategies for product development, pricing, and support. This leader will report to the SVP, Actuarial, Risk & Product and will bring a client-centric mindset to help lead the team's evolution and scale the function
With a collaborative and transparent approach, the
Vice President, Product & Pricing will communicate a vision and engage individuals across many disciplines to work towards objectives and drive the product strategy and product initiatives forward
This position is open on hybrid basis in one of the following locations: Montreal, QC, Toronto, ON and Waterloo, ON
What you will do
Strategic leadership - Lead the development of a strategic roadmap for product development and pricing that balances the need to achieve short term targets with long-term growth and profitability objectives;
- Represent the product and pricing team in meetings with senior management, including active participation in the development and presentation of business cases relating to product and pricing initiatives while also providing input to related strategies such as distribution, underwriting, and new business process;
- Cultivate a strong culture of accountability and excellence; communicating strategic direction and build team engagement;
- Establish strong relationships with various disciplines, such as operations, IT, actuarial, business development, etc.;
Adapt and lead change on a regular and frequent basis to adapt to the competitive landscape.
Product development and pricing - Oversee all aspects of product development and pricing, including new product development, new business profitability and risk analysis, competitive intelligence and product support;
- Ensure an effective product development process is in place, executed, maintained and improved over time, to deliver product initiatives efficiently and effectively;
- Maintain a product shelf that leads the market in competitiveness, while maximizing profitability and managing risks within an acceptable level;
- Monitor trends in the market and within the portfolio to find competitive opportunities, threats, and identify emerging risks;
Develop the new business reinsurance strategy and manage relationships with reinsurers to maximize return on capital.
Leadership, mentorship and people development - Attract, develop, engage, coach, and retain a high performing team to deliver on growth and financial targets in line with our business objectives;
- Work with internal partners to provide clear direction and strategy for the Product & Pricing team;
- Build a clear succession roadmap for roles within the team.
What you will bring
- 15+ years of experience in insurance and/or financial services, including a minimum of 7 years related to product development, product management and pricing;
- University degree in actuarial science, or equivalent;
- FSA and/or FCIA designations, or equivalent;
- Expert knowledge of insurance products, particularly related to group benefits, affinity and associations, and including life, critical illness, health & dental, and disability;
- Significant experience designing and developing new insurance products;
- Advanced knowledge of insurance pricing techniques and practices;
- Excellent understanding of IFRS 17 accounting standards;
- Excellent knowledge of Canadian regulatory capital requirements and the overall regulatory framework and its impact on product and pricing practices;
- Ability to orchestrate the efforts of multiple functions and business partners, such as business development, legal, compliance, risk, IT, pricing and distribution;
- Ability to collaborate effectively with a diverse group from multiple disciplines;
- Creative at solving problems and finding win-win solutions;
- Ability to influence to get things done without having authority and to reach consensus with people of different viewpoints;
- Act with a sense of urgency;
- Understanding of the Canadian Insurance competitive environment;
- Leadership and people management skills with the ability to motivate and energize a team towards common goals;
- Experience in networking, negotiation, influencing and creative thinking skills;
- Build and maintain relationships with senior management across functions and divisions;
- Resilient delivery mind-set with a strong execution focus.
Why join?
When you’re a part of Securian Canada, you’re a member of an agile and innovative, high-performing, bright-thinking, make-things-happen culture – so that together, we can discover the art of possible
At our company, we see your potential on day one and challenge you to grow your unique strengths as you create a career filled with opportunity, collaboration, and purpose
You’ll also be part of a team that’s committed to diversity, equity, and inclusion, and who values diverse perspectives, so that you can be the person you want to be – both in, and outside, work
Securian Canada offers a competitive total rewards program with a variety of perks and benefits, including:
- Flexible work arrangements with monthly financial allocations to support your work-life balance;
- Generous starting paid vacation time, plus additional vacation days for every year of service;
- Paid volunteer day so you can dedicate time to a cause you are passionate about;
- Paid personal and wellness days to support your total wellbeing;
- Educational assistance of up to $3,500 a year (with approval from your manager);
- Flexible health and wellness account (in addition to comprehensive drug and dental coverage)
to help pay for a wide range of wellbeing services that are meaningful to you; - Up to 14% of combined contributions to the RRSP matching program;
- Family-friendly maternity/parental leave and,
- Many, more benefits, perks and programs.
If you have at least 70% of the qualifications we're looking for, want to work in a fast-growing, leading and progressive company, and feel driven to help Canadians and their families build secure futures – we want to hear from you!
Take the first step in building your future with Securian Canada. Apply now
Securian Canada is committed to providing a barrier-free work environment and equal access to employment for all qualified applicants. As such, upon request, Securian Canada will work with applicants that require reasonable accommodations during the recruitment process. Please contact [email protected] for accommodation requests. All information shared during any accommodation request process will be stored and used only in a manner that is consistent with applicable laws and Securian Canada/Canadian Premier Life Insurance Company policies. About Securian Canada
Who we are – and who we’re here for We’re here for all Canadians and their families – however they define family. Our practical, life-ready insurance and protection solutions are designed to help provide financial security, so that Canadians can spend more time making every moment count
For more than 65 years, we’ve been giving Canadians the confidence to face life’s uncertainties. With offices in Toronto, Montreal, Burnaby, Waterloo and Winnipeg, Securian Canada brings together strong local roots and expertise, a North American footprint, and a global perspective – all while innovating at the speed the markets we serve expect
Together with our U.S. parent company, Securian Financial, we are a leading insurance provider in the Canadian Financial Institution and Association & Affinity markets. We offer insurance solutions built with genuine care – providing specialized experiences to those we serve
What we do every day to be our very best Every day at Securian Canada means a day spent helping Canadians and their families build secure tomorrows. We’re agile and innovative, and we aren't afraid to challenge and create, or bring diverse perspectives to our work
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