Business Development Manager

1 week ago


Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time
About the Role

We are seeking a highly motivated Business Development Manager to join our team at EQ Bank | Equitable Bank. This is an exciting opportunity for a professional with a passion for insurance lending and reverse mortgage products.

Job Summary
  • The Business Development Manager will support the development of new products, features, and services for our Insurance Lending and Reverse Mortgage businesses.
  • This includes working closely with cross-functional teams to stay up-to-date on industry trends and competitor activity.
  • The successful candidate will be responsible for analyzing data and providing recommendations to senior management on product enhancements and growth strategies.
About the Team

You will be part of a dynamic team that values innovation, creativity, and collaboration. Our team members are passionate about delivering exceptional customer experiences and driving business growth.

ResponsibilitiesProduct Development and Expansion
  • Work with the Product Manager and underwriters to identify new products and product enhancements that meet market needs.
  • Analyze market trends and competitor activity to inform product development decisions.
  • Develop business cases and recommend product launches to senior management.
Operational Support and Improvements
  • Identify opportunities to improve operational processes and implement changes with stakeholder input.
  • Lead updates to calculators and other tools to enhance user experience.
  • Evaluate process improvements and make recommendations to senior management.
Reporting and Data Analysis
  • Own ongoing reporting requirements, including weekly updates to senior management.
  • Collaborate with the Personal Banking Strategy team to refine automated reporting.
  • Analyze reporting data to identify insights and make recommendations to senior management.
Sales Support and Growth/Marketing
  • Monitor sales tool effectiveness and iterate on design as needed.
  • Lead analysis of marketing initiatives and develop data-driven strategies.
  • Present data insights to senior management to inform business decisions.
Requirements
  • Bachelor's degree in Business Administration, Engineering, Math, or related field.
  • 2-5+ years' experience in the financial services industry.
  • Established organizational and collaboration skills.
  • Strong business acumen and analytical abilities.
  • Excellent communication and problem-solving skills.
What We Offer

We offer a competitive salary of $85,000 - $110,000 per year, depending on experience.

Additional benefits include:

  • Competitive discretionary bonus.
  • Market-leading RRSP match program.


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