Director, Participating Whole Life Product Management

Job Description
What is the opportunity?
We are seeking a strategic and experienced leader to oversee the management of our Participating Whole Life (PWL) insurance product line. The Director, PWL Product Management will play a critical role in driving product strategy, ensuring profitability, and maintaining the long-term sustainability of the participating account. The Director, PWL Product Management, will also execute on PWL governance work through leading PWL Governance Committee and oversee day to day management of this product.

This role requires a deep understanding of life insurance, participating product mechanics, actuarial principles, and policyholder value, as well as the ability to collaborate effectively with cross-functional partners in pricing, valuation, finance, distribution, risk management, and operations.

What will you do?

• Lead PWL Governance Committee consisting of key stakeholders across multi functions to monitor performance of this product, oversee dividend process to ensure fair treatment of PWL policyholders and ensure compliance with legal, regulatory and compliance requirements. Collaborate with actuarial teams on dividend scale management, surplus policies, and participating account management
• Lead the strategic direction for the Participating Whole Life product portfolio to achieve profitability objectives. Deep dive into performance analysis on a needed basis
• Oversee day to day product management activities, including but not limited to understanding key drivers of financials for this line of business and monitoring performance against KPI and coordinate with various stakeholders to address any concerns
• Accountable for product related reporting and risk assessment to ensure compliance with legal, regulatory and compliance requirements
• Collaborate with internal and external partners including product development, product enablement, pricing, sales, marketing, IT and digital
• Lead and mentor a team of product managers and analysts, fostering a high-performance, collaborative culture. Promote data-driven decision making and continuous improvement in product processes

What will you need to succeed?

• 10+ years of progressive experience in life insurance product management, actuarial, or related roles
• Bachelor's degree in Actuarial Science, Finance, Business, or a related field; MBA or FSA designation preferred
• Strong understanding of actuarial concepts, participating product mechanics, and dividend scale management. Demonstrated success in profitability management for participating or permanent life products
• Proven leadership experience managing complex product portfolios and cross-functional teams. Excellent stakeholder management and communication skills, with the ability to convey complex technical concepts clearly
• Strategic thinker with strong financial acumen and decision-making skills
• Passion for delivering customer value through sound and sustainable insurance solutions

What's in it for you?

• 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 career
• Flexible work/life balance options
• RBCI software tools to boost your productivity

RBC 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.

Job Skills
Business Case Design, Critical Thinking, Knowledge Organization, Product Development Lifecycle, Product Development Methodology, Product Manufacturing, Product Services, Product Testing, Results-Oriented, Waterfall Model

Additional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA

City:
Mississauga

Country:
Canada

Work hours/week:
37.5

Employment Type:
Full time

Platform:
INSURANCE

Job Type:
Regular

Pay Type:
Salaried

Posted Date:

Application Deadline:

Note
:
Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I
*nclusion*
and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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