Job title: AVP Reinsurance, Corporate Insurance and Investments

Company: TD Bank

Job description: TD Description

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Department Overview

Department Overview

TD Insurance is part of TD Bank Group, one of Canada’s largest financial institutions. TD Insurance helps protect clients from the ‘accidents of life’ with a wide range of products including credit protection, life, health, travel, home and auto insurance. With more than three million clients, TD Insurance authorized products and services are available online, over the phone, and through a network of more than 1,000 TD Canada Trust branches.

In Canada, we have two lines of business, General Insurance and Life and Health. Our General Insurance business is one of the top home and auto insurance groups in Canada and the national leader in group insurance and affinity marketing. Our Life and Health business is the number one provider of critical illness insurance and direct life and health insurance in Canada.

At TD Insurance, we are committed to fostering an inclusive, accessible environment. With a Canada-wide workforce of over 6,000 employees and offices in Atlantic Canada, Quebec, Ontario and Alberta, our company is always growing and can help you to grow. TD Insurance offers more than just a job, we offer rewarding careers.

Job Requirements

Qualifications & Experience

• Highly specialized P&C insurance/reinsurance knowledge required
• Decisive when recommending program components/strategies
• Ability to work with multiple internal and external stakeholders
• Negotiation skills
• Strong communication skills/presence at a Senior Executive level
• Some international travel required a few weeks per year
• Actuarial background would be an asset
• Toronto or Montreal based

Leadership Skills

• 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

Hours

37.5

Job Description

Key Responsibilities

• Business owner of GI reinsurance program. Includes driving and executing strategy, owning financial results, and ensuring the right teams are in place to meet mandates ensuring reinsurance placement falls within TD’s risk appetite. Calculates IBNR and plan/forecast for catastrophes. Manages the relationships with broker/reinsurers.
• Business owner of Bank’s Corporate Insurance program, including driving strategy, ensuring appropriate coverage in place, and that it complies with TD’s risk appetite.
• Business owner for TDI’s investment portfolio and capital optimization; ensure appropriate strategies are developed that balance risk appetite, NIAT contribution, ROE and competitive positioning.
• As the most senior executive in charge of reinsurance, develop and maintain relationships with insurance and reinsurance counterparties at senior levels
• Ensure that common counterparty relationships are appropriately leveraged across all the different insurance/reinsurance programs
• Holistically manage reinsurance/insurance issues to achieve best outcome for TD (eg. disputes over claims coverage etc)
• Business lead for climate change scenarios and understand impacts to business and strategy as a results of climate change

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

Additional Information

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

Business Line

TD Insurance

Job Category – Primary

Insurance

Job Category(s)

Insurance

Job Family

TD Insurance Executives

Time Type

Full Time

Employment Type

Regular

Expected salary:

Location: Toronto, ON

Job date: Mon, 10 Jul 2023 00:48:35 GMT