Product Development Manager

Sandbox Mutual Insurance; Toronto; Hybrid; CAD 85,000 - 120,000; Full time

Job summary

A leading mutual insurance company seeks a Manager, Product Development to oversee the product development team and lead projects for both new and existing products. The role involves strategic corporate contributions, team leadership, and a focus on enhancing product offerings in a dynamic and inclusive environment.

Benefits

Competitive annual salary

Professional development opportunities

Health and wellness benefits

Annual paid vacation time

Hybrid work program

Paid Earned Day Off every three weeks

Free electrified parking

Paid days for community volunteering

DC pension plan with matching contributions

Qualifications

• Five or more years underwriting experience in property & casualty insurance.
• Three or more years in product development and team supervision.
• Strong understanding of insurance product development and profitability.

Responsibilities

• Manages day-to-day operations of product development team.
• Responsible for the development and implementation of insurance products.
• Conducts industry research and analyzes competitors’ products.

Skills

Insurance underwriting principles

Research and analysis

Project management

Team development

Education

Fellowship Chartered Insurance Professional (FCIP)

Job description

We’re Sandbox, a mutual insurance company built on the principles of creating, learning, growing, and having fun doing it. We’ve been around for over a century now, with a focus on one thing :

Delightfully Simple Insurance.

Sandbox is inclusive, engaging, and growing incredibly fast, so working with us is actually exciting! If you’re ready for the next step in your career, join the Sandbox team!

As our Manager, Product Development, you will provides expertise, manages the product development team, and leads all projects for new and existing product development. They serve as a member of the management team; and contribute to the development of corporate strategy and future planning.

WHY YOU’LL WANT TO BUILD WITH US

Well, because Sandbox really is a sandbox — a giant playground for grown-ups who want to laugh, be creative, work dynamically, and take on new opportunities. No matter who you are, Sandbox is an extraordinarily welcoming and giving place! Like, extra-extraordinarily. And it’s all because of our people.

On top of our incredible culture and amazing people, we also offer a bunch of awesome perks, like :

• Payday Perks : Competitive annual salary!
• Level Up : Tons of opportunities for professional development – on us
• Health & Wellness : Great benefits for you and your family, like dental and health and wellness spending accounts
• Vacation Goals : Annual paid vacation time, so you don’t have to put your travel dreams on hold
• Best of Both Worlds : A hybrid work program, when applicable
• Bonus Days : A paid, Earned Day Off (EDO) every three weeks. That’s like 17 extra vacation days a year!
• Parking : Free electrified parking at our head office
• Community Care : Two paid days a year to volunteer for causes that matter to you (on company time!)
• Ride into the Sunset : DC pension plan, and what’s even better—we match 6% of contributions

DIVE IN AND MAKE A SPLASH EVERY DAY, BY :

• Manages the day-to-day operations of the product development team by providing clear leadership and direction and monitoring key performance metrics.
• Develops a high functioning team; provides support in recruitment, training, work assignments, professional development, and performance management of product development staff.
• Under the direction of the Chief Growth Officer, responsible for the development, maintenance, enhancement, and implementation of insurance products, including writing / revising policy wordings, drafting proposals, and creating other relevant documents such as application forms, and questionnaires. Manages performance of departmental internal controls.
• Conducts industry research and analyzes competitors’ products and wording changes to ensure comprehensive information is available to support product development decisions.
• Performs analysis of existing products to identify enhancement opportunities and form product development recommendations supported by data and customer driven insights.
• Participates in the establishment of product pricing and risk selection criteria to achieve the company’s mix of business targets and underwriting profitability objectives.

WHAT YOU BRING TO SANDBOX :

• Education : A Fellowship Chartered Insurance Professional (FCIP) designation.
• Experience : Five or more years underwriting experience in the property & casualty insurance industry or extensive equivalent insurance experience; three or more years demonstrated experience in a product development function and three or more years supervising high performing teams.
• Product development acumen : Demonstrated experience in completing high quality research and analysis and a strong understanding of and experience in insurance product development.
• Insurance Wizard : Extensive knowledge of insurance underwriting principles and practices, business processing operations and the impact of underwriting on the business of insurance.
• Financial acumen : A good understanding of how underwriting profitability impacts overall corporate results and capital requirements.
• Project planning skills : Project management and coordinating skills with the proven ability to handle multiple tasks and make decisions in a rapidly changing environment.
• Developing others : Practices a ‘hands-on’ approach when directing employees and empowers employees to be successful through training, developing, and coaching.

COME OUT TO PLAY

Well, you’ve made it this far! Looks like you might be a potential fit, email your resume to mention “Manager, Product Development SP#461” in the subject line and attach your resume and cover letter. The deadline to apply by is June 13, 2025.

We thank all interested candidates; however, only those considered for an interview will be contacted.

Create a job alert for this search

Development Manager • north york, on, Canada