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Job Description
What is the opportunity?
As the Senior Manager, Whole Life Products & Initiatives, you will be accountable for the shared development of product strategy for new initiatives and for the management activities of Whole Life Insurance products, with a focus on driving the profitability of portfolio to ensure alignment with short-term and long-term enterprise objectives and the effective management of the portfolio. This role is a key leadership position aligned with revenue growth, prudent NIAT growth, market leadership and relationship management for external and internal business partners. You will also support the attainment of our strategic objectives and greatly influences the brand reputation for RBC Life Insurance Company.
What will you do?
- Contribute proactively and effectively as a member of the Product Management team to create and execute strategic direction for new initiatives for RBC Life Insurance.
- Analyze market, industry trends and competitor strategies to grow our position in the life insurance market.
- Lead the development and implementation of new product strategies and plans to achieve goals of RBC Life Insurance and overall RBC Insurance. Product Development
- Provide effective leadership with key functional areas to ensure a continuous improvement discipline focused on simplifying processes and cross-selling across RBCI to drive revenue, improve efficiency and client experience.
- Lead all aspects of research, design, and development of new life product opportunities and enhancements to support strategic direction and to support required ROE levels. ñ Analyze industry trends and competitor's activities, so that existing products can be revised or replaced to ensure that we continue to offer a competitive range of products that contribute to the achievement of annual marketing plans.
- End to end product management: Subject Matter Expert responsible for providing product specific strategic and technical direction to Product Analysts, Pricing, Online and Technology teams, S&O, S&D, Corporate Underwriting, and Marketing.
- Develop product and market strategy recommendations to Director & Senior Director, Product Management Life & LB
- Develop and implement mitigating strategies with internal and external business partners for all risks including systemic, strategic, competitive, reputational, operational, insurance, regulatory and market risks.
Here's what we need from you:
Must-have
- 7+ years of experience leading product development activities in the life and health insurance market.
- Strong strategic business sense and organizational awareness ñ Strong change management and leadership skills
- Ability to create change from concept to execution ñ Strong knowledge and insight into the Life and Health insurance marketplace.
- Ability to work independently in a dynamic environment, handling varied and changing priorities.
- Strong problem solving, decision-making and analytical skills.
- Excellent written and verbal communication/negotiation skills, and strong presentation skills
Nice to Have
- University Degree
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 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.
Job Skills
Business Acumen, Business Case Design, Communication, Corporate Life Insurance, Estate Tax Planning, Investments, Leadership, Life Insurance Products, Market Penetration, People Management, Problem Solving, Product Development, Product Development Strategy, Profitability, Profit and Loss (P&L) Management, Project Management, Relationship Management, Results-Oriented, Risk Management, Sales Objectives, Strategic ThinkingAdditional Job Details
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Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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