Associate Vice President, Product and Underwriting, Small Business Insurance

The Toronto-Dominion Bank (Canada); Toronto; On-site; CAD 155,000 - 215,000; Full time

Benefits offered by this job

Health benefits

Career development

Savings and retirement programs

Paid time off

Job summary

The Toronto-Dominion Bank (Canada) seeks an Associate Vice President, Product & Underwriting, Small Business Insurance, to lead product and underwriting for Commercial Property, Casualty and Automobile. You will align product, pricing, reinsurance and risk priorities to drive profitable growth within SBI’s risk appetite.

You will shape strategy, oversee complex portfolios, and build a high-performing team with strong technical capability, accountability and succession depth.

Qualifications

• Senior leadership experience in General Insurance.
• Deep knowledge of Small Business Insurance, Product and Underwriting.
• Experience developing and executing product and underwriting strategies for growth.
• Strong understanding of actuarial principles, pricing, portfolio management, risk governance and regulatory requirements.
• Proven ability to influence senior stakeholders in a highly matrixed environment.

Responsibilities

• Define and execute the Product and Underwriting strategy and roadmap for Commercial Automobile and Property & Liability.
• Lead development of new products and regularly assess portfolio for growth and profitability.
• Monitor market trends and translate insights into strategic product and underwriting decisions.
• Own policy wordings and provide coverage interpretation to partners and stakeholders.
• Establish underwriting rules, manuals and pricing alignments with risk appetite and objectives.
• Oversee complex referrals, renewals, and large insured-value accounts.

Skills

Senior leadership

Underwriting

Product strategy

Pricing

Risk management

Stakeholder influence

Financial acumen

Regulatory knowledge

Communication

Leadership

Job description

Work Location: Toronto, Ontario, Canada Hours: 37.5 Line of Business: TD Insurance Pay Details: $155,000 - $215,000 CAD 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

The Associate Vice President, Product & Underwriting, Small Business Insurance leads the Product and Underwriting functions for Commercial Property, Casualty and Automobile. The role is accountable for shaping product and underwriting strategies that support profitable growth, strong risk selection and a differentiated customer experience. Working across the organization, the AVP will align product, underwriting, pricing, reinsurance and business priorities to advance SBI’s strategic objectives within its risk appetite.

Key Responsibilities

• Define and execute the Product and Underwriting strategy and roadmap for Commercial Automobile and Commercial Property & Liability.
• Lead the development of new products and regularly assess the existing portfolio to support growth, profitability and customer needs.
• Monitor market, industry and competitor trends and translate insights into strategic product and underwriting decisions.
• Own commercial policy contract wordings and provide coverage interpretation to business partners and stakeholders.
• Establish and maintain underwriting strategies, rules and manuals aligned with risk appetite, pricing strategies and business objectives.
• Monitor portfolio performance and adjust underwriting approaches based on profitability, risk and market conditions.
• Oversee complex referrals, renewals, escalations, large total insured value accounts and emerging business segments.
• Ensure timely, high-quality underwriting decisions and delivery against referral, renewal and service-level commitments.
• Maintain strong relationships with regulators and ensure required underwriting rules, endorsements, forms and manuals are filed appropriately.
• Partner with Pricing, Actuarial, Reinsurance, Risk, Legal, Distribution and other key functions to align priorities and deliver business outcomes.
• Monitor and report on Product and Underwriting performance, identifying opportunities to improve growth, profitability, controls and customer outcomes.
• Build a high-performing, inclusive team with strong technical capability, accountability and succession depth.

Role Requirements

• Senior leadership experience in General Insurance, with deep knowledge of Small Business Insurance, Product and Underwriting.
• Demonstrated experience developing and executing product and underwriting strategies that support profitable growth.
• Strong understanding of actuarial principles, pricing, portfolio management, risk governance and regulatory requirements.
• Experience leading complex portfolios and making sound decisions within established risk appetite and control frameworks.
• Proven ability to influence senior stakeholders and operate effectively in a highly matrixed environment.
• Strong business and financial acumen, including experience supporting profit-and-loss and growth objectives.
• Excellent communication, negotiation and executive presence, with the ability to simplify complex issues and align diverse stakeholders.
• Collaborative and inclusive people leadership, with a track record of building capability and developing talent.
• Ability to bring a clear strategic point of view while remaining open to new information, analysis and different perspectives.

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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

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.

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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. If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact. We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

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.

We look forward to hearing from you!

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Our Values

At TD we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how we have our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.

Our Commitment to Diversity, Equity, and Inclusion

At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.

Helping to Make an Impact in Communities – TD Ready Commitment

TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That’s why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of C$1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities.

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