Associate Vice President, General Insurance Product and Underwriting Strategy

TD; Canada; On-site; CAD 155,000 - 215,000; Full time

Job summary

A leading global financial institution in Canada is seeking an AVP for General Insurance Product and Underwriting Strategy. This role involves leading product development and underwriting strategies, ensuring alignment with business objectives. Candidates should have over 10 years of experience in general insurance, a strong ability to attract and motivate teams, and proven strategic leadership skills. Excellent communication and stakeholder engagement capabilities are essential. This position offers competitive compensation and opportunities for growth.

Benefits

Competitive base salary

Variable compensation

Health and well-being benefits

Career development programs

Qualifications

• 10+ years of general insurance experience.
• Proven ability to drive profitability and market share.
• Deep understanding of underwriting processes.

Responsibilities

• Lead product development and underwriting strategy.
• Attract and develop a high-performing team.
• Communicate strategies across the organization.

Skills

Strategic Leadership

Stakeholder Engagement

Communication Skills

General Insurance Expertise

Team Management

Job description

Work Location

Toronto, Ontario, Canada

Hours

37.5

Line of Business

Product Management

Pay Details

155 000 $/$155,000 - 215 000 $/$215,000 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job‑related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description

Role Overview

The AVP, GI Product and Underwriting Strategy is responsible for leading product development and underwriting strategies across the General Insurance (GI) portfolio, ensuring alignment with overall business objectives and growth initiatives. This role acts as the business owner throughout the product lifecycle, collaborating closely with internal partners to deliver innovative solutions that meet client needs and drive business performance. Additionally, the AVP attracts and develops a high‑performing team dedicated to fostering a collaborative and inclusive work environment. The position reports directly to the VP of Product, Pricing and Underwriting.

Key Accountabilities

Product

• Business owner for product development throughout the product life cycle working closely with General Insurance Journey
• Grow the GI business: contribute to the development of strategic plans, business cases to create and modify product solutions to meet the insurance needs of clients.
• Maintain strong working relationships with internal partners including GI Journey, GI Pricing, GI Underwriting, GI Advice Centers, Claims and customer experience to support the development of collaborative solutions to service current and future clients.
• Leverage relationships with GI Distribution partners to develop and enhance our products and channels to support growth.
• Support the execution oversight of approved strategic plans and business initiatives
• Shape the insurance telematics strategy and work with partners to advance the telematics roadmap.
• Business owner for GI Insurance climate roadmap.

Underwriting

• Business owner for UW strategy and rules aligned to product/pricing strategies and overall business objectives
• Work with a variety of stakeholders to review, improve underwriting process to created capacity, speed and enhance automated underwriting and straight through processing capabilities
• Work with vendor management to optimize usage of underwriting vendors and spends.
• Engage with regulators and industry forums to influence underwriting practices and advance our underwriting sophistication.

Team

• Attract, develop, motivate and retain a high performing team
• Establish a safe working environment that fosters inclusion, engagement, collaboration and promotes open dialog

Capabilities

• 10+ years of general insurance experience
• P&L and Growth Focus: Demonstrated ability to align strategies with overarching business objectives to drive profitability and market share growth.

• General Insurance Expertise: Deep understanding of General Insurance, including underwriting processes and vendor management, to support product and pricing innovation.
• Strategic Leadership and Execution: Proven experience in translating business objectives into actionable strategies, with a focus on enhancing automation, increasing capacity, and advancing straight‑through processing.
• Stakeholder Engagement and Influence: Strong track record of effective collaboration with internal teams, regulators, and industry forums to elevate underwriting practices and ensure strategic alignment.
• Communication and Negotiation Skills: Excellent ability to communicate strategies across the organization and negotiate with vendors to optimize underwriting spend and capabilities.
• Culture and Controls: Commitment to fostering an inclusive and collaborative team environment and ensuring robust risk management and governance throughout underwriting processes.

Leadership Behaviours

• Embrace and live TD's leadership profile
• Create a high energy, fun work environment that is focused on achieving results while valuing strong process and risk management
• Take calculated risks; be prepared to make mistakes and learn from them
• Have a point‑of‑view and be flexible enough to change it based on new/more information, analysis and/or incorporating a different perspective
• Strong business partnership/Executive presence

Who We Are

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well‑being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well‑being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information

We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process

We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

Language Requirement (Quebec only)

Sans Objet