Senior Manager, Actuarial - Life & Health Product Development & Strategic Initiatives

Job description

Work Location: Toronto, Ontario, Canada Hours: 37.5 Line of Business: Data & Analytics Pay Details: $160,000 - $200,000 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 Senior Manager, Life & Health Product Development & Strategic Initiatives role at TD Insurance will be responsible for evaluating, developing, and advancing new Life & Health product opportunities and strategic initiatives. This includes evaluating but not limited to white spaces for Life & Health, identifying attractive market segments and assessment of product-to-market fit, development of business cases grounded in actuarial fundamentals and implementation of market leading Underwriting experiences for TDI customers. The Senior Manager will play a critical leadership role in shaping the evolution of TDI’s Life & Health product strategy and underwriting capabilities. The successful candidate will connect Product, Underwriting, Data & Analytics, Distribution and Journey teams to support with implementation of a forward-looking, AI-enabled underwriting vision for TDI, while ensuring new product opportunities are commercially viable, financially sound, operationally feasible, and aligned to the organization’s risk appetite and regulatory expectations. Key Accountabilities Lead the evaluation and development of new Life & Health product opportunities, including identifying white space, target market segments, customer needs, and product-to-market fit in support of TDI’s growth agenda. Develop robust business cases for new product initiatives, grounded in actuarial fundamentals (IFRS17, LICAT), meet profitability objectives, and manage risk and operational considerations. Collaborate with key business partners to shape and advance a forward-looking Life & Health underwriting strategy, modernizing processes to reduce customer and colleague friction and support an AI-enabled vision that improves business outcomes. Conduct market research and competitive analysis to assess emerging opportunities, product gaps, customer needs, innovation potential, and financial and operational feasibility. Partner with Product, Pricing, Underwriting, Data & Analytics, Journey, Risk, Finance, Legal, Compliance, and Distribution teams to shape product concepts, support go-to-market planning, and align initiatives to TD’s operating model and governance processes. Translate actuarial, product, underwriting, and market insights into clear recommendations for senior leadership decision-making and executive governance. Provide leadership, coaching, and direction to team members and cross-functional partners involved in product development and strategic initiative execution. Job Requirements Experienced Life Actuary (7+ years) with deep knowledge of Life & Health insurance products, including but not limited to individual Life & Critical Illness, Annuities and Benefits. Domain expertise in multiple of the following areas: product development and management, underwriting, pricing, distribution, and financial management (IFRS17, LICAT). Proven ability to develop compelling business cases, assess product-to-market fit, evaluate financial viability, and translate strategic concepts into executable plans. Strong product management experience from an actuarial lens, with the ability to connect customer, market, distribution, pricing, underwriting, and risk considerations. Strong strategic thinking, executive communication, financial analysis, presentation, and storyboarding skills. University degree required; Fellowship of the Society of Actuaries or equivalent actuarial qualification required. 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. 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. 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! Language Requirement (Quebec only): Sans Objet