Senior Product Manager, IT Business Solutions

Location

Toronto, Canada

Job type

Full-Time

Work mode

Hybrid

Job level

Professional

Job ID

10498

Company

Munich Re, Canada (Life)

Employment type

Regular

Area of expertise

Information Technology

Position Overview

Business Solutions – Life & Health Reinsurance delivers business value through the management of technology solutions for Munich Re's Life and Health (L&H) reinsurance businesses globally. Our team is made up of talented and diverse IT professionals who work collaboratively in a flexible and friendly environment.

As a Senior Product Manager for Data & Digital Products, you will lead the strategy, lifecycle management, and delivery of innovative data and digital solutions that support the L&H reinsurance business. You will be responsible for ensuring these products meet business needs, align with enterprise architecture, and deliver measurable value.

Your Role:

• Own the full lifecycle of data and digital products, including strategy, roadmap, delivery, optimization, and retirement.
• Develop and drive execution of end-to-end (E2E) product strategy.
• Collaborate with stakeholders to gather requirements and translate them into product features and enhancements.
• Prioritize the product backlog and portfolio in collaboration with business Product Owners.
• Drive continuous improvement initiatives and operational efficiency for the products under management.
• Lead cross-functional teams to deliver high-quality solutions using agile methodologies.
• Ensure connectivity and alignment across all sub-teams involved in product delivery.
• Communicate regulatory impact assessment and changes with all stakeholders.
• Ensure Product alignment with Munich Re's Global IT regulatory requirements.
• Prepare and maintain the annual product calendar.
• Provide guidance on financial implications of project plans, risk assessments, and related activities.
• Resolve issues and ensure smooth execution of all activities associated with the product.
• Align product roadmaps with business goals, target architecture, and budget planning.
• Monitor and manage product performance, capacity, SLAs, and incident resolution.
• Manage vendor relationships, contracts, and software licenses.
• Track and report on product financials including forecasts, budgets, and cost optimization.

Your Profile:

• Bachelor's degree in computer science, Engineering, or related field.
• 8 years of proven experience in product management, specifically in data platforms, analytics, or digital solutions.
• Experience in financial services or insurance industry is a plus.
• Proficient in tools for development, test management, and project tracking (e.g., Jira, Confluence, Azure DevOps).
• Budget and cost management expertise.
• Strong team management skills with the ability to coordinate cross-functional teams.
• Strategic thinker with strong analytical and problem-solving capabilities.
• Excellent communication and stakeholder management skills, including experience working with senior business leaders.
• Deep understanding of agile methodologies, and project management frameworks.
• Strong business acumen and client orientation.

About Munich Re

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world's leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days with Meeting-Free lunch hours and Focus Friday afternoons
• A great compensation package including annual company bonus
• Market leading company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account
• Immediate participation in DC Pension Plan with an automatic 5% employer contribution, plus optional company match
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees
• Maternity, Parental & Adoption Leave top-up program
• Employee Referral Program, Recognition & Rewards Platform

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

Successful candidates must be prepared to relocate to the specified job location in the job posting and will be employed directly under the hiring entity's contractual terms.

Munich Re is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact as soon as practical so that suitable accommodations can be arranged.

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.