Portfolio Value Manager

Job Description Portfolio Value Manager Location Hybrid remote in Toronto, ON : WHO WE ARE HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we're passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product. Our Values, Our Passion At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other. We Are Customer-Focused, Passionate Advocates. We Have the Courage to Act and Do the Right Thing. We Are One Team, with One Vision. We Think Long-Term, We Are Ever-Evolving. We Strive to Be Exceptional and Inspire Greatness. POSITION SUMMARY: The Portfolio Value Manager is responsible for continuously tracking and reporting on the outcomes and value delivered through the strategic initiatives aimed at evolving the Bank's capabilities across all our functions. The role will help to identify target outcomes, develop the methodologies to measure them and ultimately report on progress against these targets across all the initiatives within our portfolio. The role will work closely with our Agile Portfolio Management team to thoroughly understand all the initiatives, and their projected outcomes as well as work across functional teams (e.g., Data and Analytics, Finance, HR) to define and build the approach measure and report on the progress against those targets. The role will also create and maintain Value Creation dashboards that allow teams and leaders understand progress and steer our portfolio of initiatives to achieve the Bank's quarterly/annual objectives and key results. MAJOR ELEMENTS OF THE ROLE Key accountabilities of this position include:

• Build and maintain a forecast of Value Realization through an understanding of annual/quarterly initiatives, their delivery timelines, and their value creation ambitions
• Work closely with the Agile Portfolio Management team and functional teams to understand quarterly and annual initiatives
• Catalogue target outcomes from all portfolio initiatives and identify overlaps/double counting
• Create and maintain a portfolio view of projected outcomes and their associated timelines
• Measure and report progress of the Bank's portfolio of evolving initiatives against its business value realization targets
• Understand key drivers of value creation and their leading indicators
• Build historic baselines for leading indicators and Key Results
• Work with functions across the bank to define and implement ways to track outcomes from the portfolio
• Create, maintain, and present Value Creation scorecard and forecast for the portfolio of initiatives on a monthly and quarterly basis
• Identify Value Realization risks to the Portfolio Management team, and identify and propose potential mitigation actions
• Highlight deviations from Value Creation annual and quarterly plans
• Identify potential actions to address misses in value creation targets and opportunities for acceleration
• Capture management decisions and incorporate into a revised forecast

Job Description Portfolio Value Manager Location Hybrid remote in Toronto, ON : WHO WE ARE HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we're passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product. Our Values, Our Passion At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other. We Are Customer-Focused, Passionate Advocates. We Have the Courage to Act and Do the Right Thing. We Are One Team, with One Vision. We Think Long-Term, We Are Ever-Evolving. We Strive to Be Exceptional and Inspire Greatness. POSITION SUMMARY: The Portfolio Value Manager is responsible for continuously tracking and reporting on the outcomes and value delivered through the strategic initiatives aimed at evolving the Bank's capabilities across all our functions. The role will help to identify target outcomes, develop the methodologies to measure them and ultimately report on progress against these targets across all the initiatives within our portfolio. The role will work closely with our Agile Portfolio Management team to thoroughly understand all the initiatives, and their projected outcomes as well as work across functional teams (e.g., Data and Analytics, Finance, HR) to define and build the approach measure and report on the progress against those targets. The role will also create and maintain Value Creation dashboards that allow teams and leaders understand progress and steer our portfolio of initiatives to achieve the Bank's quarterly/annual objectives and key results. MAJOR ELEMENTS OF THE ROLE Key accountabilities of this position include:

• Build and maintain a forecast of Value Realization through an understanding of annual/quarterly initiatives, their delivery timelines, and their value creation ambitions
• Work closely with the Agile Portfolio Management team and functional teams to understand quarterly and annual initiatives
• Catalogue target outcomes from all portfolio initiatives and identify overlaps/double counting
• Create and maintain a portfolio view of projected outcomes and their associated timelines
• Measure and report progress of the Bank's portfolio of evolving initiatives against its business value realization targets
• Understand key drivers of value creation and their leading indicators
• Build historic baselines for leading indicators and Key Results
• Work with functions across the bank to define and implement ways to track outcomes from the portfolio
• Create, maintain, and present Value Creation scorecard and forecast for the portfolio of initiatives on a monthly and quarterly basis
• Identify Value Realization risks to the Portfolio Management team, and identify and propose potential mitigation actions
• Highlight deviations from Value Creation annual and quarterly plans
• Identify potential actions to address misses in value creation targets and opportunities for acceleration
• Capture management decisions and incorporate into a revised forecast

SKILLS AND EXPERIENCE REQUIRED Qualifications and Technical Expertise:

• Progressive experience in portfolio performance tracking and reporting
• Demonstrated knowledge of Agile methodologies and Objectives, Key Results (OKR) frameworks
• Strong understanding of business and financial metrics and how they interrelate
• Bachelor's degree in Business Administration, Economics, Engineering, or related field, or equivalent combination of education and experience
• Proven record of high performance and achievements in your past positions

Attributes:

• Exceptional analytical and quantitative problem-solving skills
• Excellent verbal and written communication skills, including reports and presentations
• Strong collaboration skills with ability to elicit inputs from multiple functional teams and synthesize information into a cohesive view of the portfolio's performance
• Highly self-motivated, organized, and accountable; able to work independently and collaboratively in a team setting
• Comfortable with ambiguity, flexible and enjoys the analysis of complex problems
• Exceptional relationship building skills and the ability to work effectively with people at all levels in an organization, including VP's

Working Conditions Unique to Job Hybrid office environment WHY WORK AT HOMEEQUITY BANK? Great Environment HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility - an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way. We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees. A Dynamic Culture - With People at the Centre We believe our people making all the difference; our tireless commitment to inclusivity, professional development, and employee engagement/experience has been recognized through awards including the Waterstone Canada's Most Admired Corporate Cultures 2022, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023. Growth and Opportunities We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development, as well as providing employees unlimited access to LinkedIn Learning. Celebrating Great Work and People We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say 'great job' to their colleagues and leaders. From our Appreciate Program to the High Five Award Program and President's Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more. Our Community Leadership Program also recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with the opportunity to take a paid day off each year to support their favourite local charity. The Perks HomeEquity Bank offers a competitive total rewards package that includes the following:

• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness

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