Life Insurance Product Manager

2 weeks ago

Mississauga, Ontario, Canada Royal Bank of Canada> Full time
Job Summary

This role is accountable for the development and management of individual Life insurance products at RBC Life Insurance Company with a focus on Participating Whole Life Insurance. The ideal candidate will have a strong pulse on client needs, industry trends and the regulatory environment.

Key Responsibilities
  • Lead a team of Subject Matter Experts for Life and PAR whole life products for all areas of RBC Insurance, partnering with key functional areas (digital, data, sales, pricing, valuations, corporate underwriting), focusing on driving profitable growth while managing risk.
  • In a collaborative fashion, lead analytics, research, design, and implementation of competitive products in life insurance and PAR Whole Life products to ensure competitiveness, increased market share and profitable growth.
  • Contribute to achieving revenue associated with sales goals and increasing market penetration through strong relationships with all cross functional areas.
  • Lead the life insurance product team, ensuring employee engagement with a focus on talent management.
Requirements
  • Experienced in life insurance product management, with a specific and proven expertise in PAR Whole Life product management. Strong familiarity with governance and regulatory requirements of managing a PAR Whole Life product.
  • Strong leadership skills including, relationship building/management abilities, impact and influence, problem solving, drive, decision making and people leadership skills. Ability to balance organizational risk appetite with growth.
  • Strategic business acumen and organizational awareness with experience leading in a matrixed organization with multiple stakeholders. Conceptual thinking with the ability to translate strategies and ideas into practical applications/program development.
  • Team player and collaborator: Ability to impact and influence across a variety of cross functional internal partners at all levels with strong change management experience.
What We Offer
  • A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
  • Competitive pay and high-earning potential
  • All the tools, training, and team support you need to grow your business and career
  • Flexible work/life balance options
  • Sophisticated RBCI software tools to boost your productivity and grow your business

RBC Insurance is an organization that succeeds by bringing out the best in its people. You'll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.

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