AVP, General Insurance Underwriting, TD Insurance

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
TD Insurance

Pay Details:
$145,000 - $200,000 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

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:

Individual Accountabilities

• Create and deliver best in class GI operational underwriting strategies that drive financial performance and underwriting excellence
• Responsible for underwriting operations for all General Insurance business including High Net Worth and Small Business Insurance
• Oversight and leadership through effective planning, forecasting, and reporting of GI Underwriting Operations
• Deliver legendary customer service and promote an underwriting culture within TDI for General Insurance Products
• Maintain an effective training and coaching program to continually raise the bar on underwriting excellence within TDI underwriting
• Responsible for monitoring and reviewing quoting, binding and renewal processes to make sure our teams are respecting UW guidelines
• Own the final decision about approving or declining a risk within the overall business strategy and underwriting appetite
• Creation and maintenance of feedback loops to front line agents and upstream teams including supporting the creation of training materials and training plans
• Maintains ongoing collaboration between claims, pricing and product teams to ensure actions are taken to improve underwriting quality as needed
• Owns the post implementation monitoring of UW implementations to reduce potential risk events in partnership with technology and controls team
• Involvement in regulatory change and other strategic initiatives including system requirements, testing and input into customer and front-line communications
• Supports regulatory queries in collaboration with compliance and government relations teams
• Maintains dedicated underwriting functions for specialized risks including support for customer escalations, claims escalations, E&O decisions and collaboration with fraud on investigations and initiatives
• Responsible for maintaining underwriting appetite statements, underwriting and front-line authority statements, and maintaining a robust governance process ensuring that underwriting controls are appropriately designed and operating effectively

Shared Accountabilities

• Sales and Distribution - ensure consistent underwriting messaging, training and delivery
• Technology - establish business expectations for technology changes
• Risk & Regulatory - work closely with Risk partners to manage and mitigate risk
• Claims - ensure feedback loop and collaboration on interdependent processes
• Product and Pricing - collaborates with product and pricing teams to ensure holistic approach to product design
• Advanced Analytics - partnership on creation and usage of underwriting related models
• Reinsurance - ensures appropriate facultative reinsurance is in place as per underwriting appetite
• GIAC - support for messaging, underwriting foundations and building a strong underwriting culture
• Digital Channel - support underwriting excellence within the digital channels
• HNW, Commercial - partnership to support business strategies and underwriting rigor

Leadership Behaviours

• Embrace and live TD's leadership profile
• Create an inclusive, high energy, engaging work environment that is focused on achieving business results
• Take calculated risks which are understood and can be managed and promote a strong and strategic risk management culture
• Have a point-of-view and be flexible enough to change it based on data, analysis and incorporating different perspectives
• Drive efficiencies, agility and simplicity balancing strategy with an execution focus
• Strong business partnership and executive presence

Capabilities

• Experience building teams and delivering business transformations
• Highly specialized in general insurance underwriting with deep knowledge in the property and casualty industry
• 10+ years underwriting experience, including underwriting leadership
• Experience designing and building quality assurance functions
• Deep knowledge of Canadian regulatory landscape
• Extensive knowledge of risk management and building a risk culture
• Decisive when recommending program components/strategies
• Ability to develop and execute a compelling vision and winning strategies
• Strong negotiation skills
• Strong planning skills
• Strong communication skills & leadership presence
• Ability to collaborate and partner with multiple internal and external stakeholders
• Can operate effectively within a matrix environment

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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

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