Product Director Insurance

National Bank of Canada; Montreal (administrative region); Hybrid; CAD 150,000 - 210,000; Full time

Benefits offered by this job

Health and wellness program

Flexible group insurance

Generous pension plan

Employee Share Ownership Plan

Employee and family assistance program

Preferential banking services

Involvement in community initiatives

Telemedicine service

Virtual sleep clinic

Job summary

National Bank of Canada is seeking a Product Director Insurance to own the insurance product portfolio within the Strategy, Growth and Business Capabilities team. You will define the vision, develop the offering, drive financial performance, and support commercialization of a high-potential portfolio, collaborating with partners to deliver innovative solutions that meet client needs.

You will lead strategy, pricing, and lifecycle management while working in a hybrid environment with flexible

Qualifications

• Bachelor's degree in a relevant discipline such as Actuarial Science, Finance, Business Administration, or a related field.
• More than 7 years of relevant experience in the insurance industry.
• Proven experience in insurance product management and development or retirement solutions.
• Experience in pricing, actuarial analysis, or product profitability analysis.
• Experience managing a product portfolio and leading growth initiatives.
• ACIA, FCIA, or FSA designation, or significant actuarial experience, is considered an asset.

Responsibilities

• Define and evolve the strategy for an insurance product portfolio to support growth and value creation.
• Identify market opportunities, emerging trends, and client needs to develop new solutions and value propositions.
• Manage the entire product lifecycle, from design and launch to optimization and ongoing enhancement.
• Analyze financial performance, recommend pricing strategies, and implement initiatives to maximize portfolio profitability.
• Develop acquisition, retention, and go-to-market strategies in partnership with various distribution teams.
• Influence and mobilize multidisciplinary teams, including actuarial, finance, compliance, marketing, digital, and distribution stakeholders, to achieve business objectives.

Skills

Actuarial Science

Business Strategy

Initiative

Insurance

Leadership

Pricing

Product Management

Profitability Management

Project Portfolio Management

Resiliency

Stakeholder Management

Teamwork

Education

Bachelor's degree in Actuarial Science, Finance, Business Administration, or related field

7+ years in insurance industry

Tools

ACIA/FCIA/FSA or actuarial experience

Job description

A career as a Product Director Insurancewithin the Strategy, Growth and Business Capabilities team at National Bank means acting as the owner of an insurance product portfolio. In this role, you will have a direct impact on growth, profitability, and the evolution of the product offering through your expertise in product development, insurance, pricing, and business strategy.

As part of our ambitious growth strategy in insurance and wealth management, you will help build and evolve new growth platforms. You will be responsible for defining the vision, developing the offering, driving financial performance, and supporting the commercialization of a high-potential product portfolio. Working closely with multiple business partners, you will contribute to creating innovative solutions that meet client needs and generate sustainable value for the organization.

Your Role

• Define and evolve the strategy for an insurance product portfolio to support growth and value creation.
• Identify market opportunities, emerging trends, and client needs to develop new solutions and value propositions.
• Manage the entire product lifecycle, from design and launch to optimization and ongoing enhancement.
• Analyze financial performance, recommend pricing strategies, and implement initiatives to maximize portfolio profitability.
• Develop acquisition, retention, and go-to-market strategies in partnership with various distribution teams.
• Influence and mobilize multidisciplinary teams, including actuarial, finance, compliance, marketing, digital, and distribution stakeholders, to achieve business objectives.

Your Team

The Strategy, Growth and Business Capabilities sector is made up of specialists who work in an agile, proactive, and collaborative environment to seize opportunities, stay ahead of market trends, and continuously improve processes.

Within National Bank Insurance, you will be part of a highly engaged team and report to a Senior Manager responsible for strategy and growth. Our team is distinguished by its entrepreneurial mindset, collaborative approach, and commitment to turning market opportunities into tangible results.

We strive to offer maximum flexibility to support your quality of life. This includes a hybrid work environment and a flexible schedule tailored to your needs.

National Bank is committed to continuous development and internal mobility. Our customized training programs, based on learning through action, enable you to master your profession and develop new areas of expertise. You will have access at all times to resources such as the Data Academy, language training, the Harvard Learning Center, as well as coaching and mentoring programs.

Prerequisites

• Bachelor's degree in a relevant discipline such as Actuarial Science, Finance, Business Administration, or a related field.
• More than 7 years of relevant experience in the insurance industry.
• Proven experience in insurance product management and development or retirement solutions.
• Experience in pricing, actuarial analysis, or product profitability analysis.Experience managing a product portfolio and leading growth initiatives.
• ACIA, FCIA, or FSA designation, or significant actuarial experience, is considered an asset.

Languages: French, English

Reason to require this language: you will need to discuss frequently with our service providers or partners who speak a language other than French.

Required skills: Actuarial Science, Business Strategy, Initiative, Insurance, Leadership, Pricing, Product Management, Profitability Management, Project Portfolio Management, Resiliency, Stakeholder Management, Teamwork

Your benefits

• Health and wellness program, including many options
• Flexible group insurance
• Generous pension plan
• Employee Share Ownership Plan
• Employee and family assistance program
• Preferential banking services
• Involvement in community initiatives
• Telemedicine service
• Virtual sleep clinic

We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We value employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.

Making a bold move in a people-first environment

We’re a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people’s lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.

We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?

Join us!