Director, Living Benefits Product Development

Job Summary

Job Description

What is the opportunity?

Are you interested in working within a client-centric and innovative individual insurance business and a team that is focused on best-in-class product development, fostering a culture of collaboration and agility, and empowering employees to deliver value for our clients, advisors, and partners? Leveraging your extensive living benefits knowledge, in this role you will be responsible for the strategic development of RBC Insurance’s Disability and Critical Illness product portfolio. Serving as subject matter expert on living benefits product design and, as well as staying abreast of industry & regulatory developments and trends, this role will drive the development and implementation of identified strategies and initiatives designed to sustain RBCI’s competitive advantage and achieve financial objectives. This role is a key leadership position with a focus on driving growth for the living benefits portfolio, demonstrating market leadership and relationship management with external and internal business partners.

What will you do?

1. Lead a team of Subject Matter Experts for living benefits products for all areas of RBC Insurance, partnering with key functional areas (digital, data, sales, pricing, valuations, corporate underwriting), focusing on driving profitable growth while managing risk.
2. In a collaborative fashion, lead analytics, research, design, and implementation of competitive products to ensure competitiveness, increased market share and profitable growth.
3. Contribute to achieving revenue associated with sales goals and increasing market penetration through strong relationships with all cross functional areas.
4. Lead the living benefits insurance product team, ensuring employee engagement with a focus on talent management.

What will you need to succeed?

1. Minimum 5 to 7 years in living benefits insurance product management, with a specific and proven expertise in Disability and Critical Illness product management.
2. Strong leadership skills including, relationship building/management abilities, impact and influence, problem solving, drive, decision making and people leadership skills. Ability to balance organizational risk appetite with growth.
3. Strategic business acumen and organizational awareness with experience leading in a matrixed organization with multiple stakeholders. Conceptual thinking with the ability to translate strategies and ideas into practical applications/program development.
4. Team player and collaborator: Ability to impact and influence across a variety of cross functional internal partners at all levels with strong change management experience.

What’s in it for you?

1. A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans.
2. Competitive pay and high-earning potential.
3. All the tools, training, and team support you need to grow your business and career.
4. Flexible work/life balance options.
5. Sophisticated RBCI software tools to boost your productivity and grow your business.

RBC Insurance is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.

Job Skills

Business Case Design, Communication, Critical Thinking, Effectiveness Measurement, Financial Regulation, Interpersonal Relationship Management, Product Development Lifecycle, Product Development Methodology, Product Services, Results-Oriented, Waterfall Model.

Additional Job Details

Address: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA

City: MISSISSAUGA

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: INSURANCE

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-04-16

Application Deadline: 2025-05-01

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.