Business & Strategy Development Lead

Posted 4 Days Ago
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Markham, ON, CAN
In-Office
110K-135K Annually
Mid level
Insurance • Financial Services
The Role
Lead development and execution of strategic initiatives and manage a bancassurance portfolio. Drive growth of embedded card and P&C products, perform financial and performance analysis, support pricing, negotiate partner agreements, and coordinate cross-functional stakeholders to implement and monitor new product launches and strategic plans.
Summary Generated by Built In

Experience Aviva  

Together, we are Aviva. Our values — Care, Commitment, Community, and Confidence — guide how we show up for each other and for our customers. Individually, they’re words. Together, they define who we are. 

At Aviva Canada, we put people first, our employees, our customers, and our communities. We’re proud of a culture built on care, inclusion, and collaboration, where your voice matters and your growth is supported. We’re not just about insurance; we’re about making a real difference by protecting what matters most.   

The Opportunity  

We are looking for a Business & Strategy Development Lead. The primary purpose of this role is to spearhead the development and execution of new strategic initiatives, as well as run our existing specialty insurance portfolio. This position is critical for driving the growth and financial performance of our bancassurance portfolio by crafting and sustaining a pipeline of scalable opportunities that align to our diversification strategy. Given the significant growth potential within our RBC partnership, the successful candidate will play a meaningful role in the successful expansion of new P&C products. This role demands a high level of expertise in relationship and portfolio management, financial analysis, strategic planning, and building and maintaining new relationships.

Come join our team!

What you’ll do:

Performance Management

  • Ongoing Distribution Performance Management of our existing embedded card coverage Portfolio - Monthly financials results relative to key Metrics Loss ratio, claims indemnity, and COR.

  • Support pricing on annual performance review and managing partners through rate indications.

  • Negotiate opportunities for growth while outlining any risks to the portfolio and suggesting potential mitigants to de-risk.

  • Accountable for continued growth on any new product launches post-launch, establishing appropriate important metrics for performance tracking against benefits case.

Business Development

  • Responsible for cradle to grave ownership of business development opportunities within our current bancassurance partnerships from identifying new business potential for scale to driving implementation. Including identifying key collaborator relationships to foster (internally and externally), conducting market research, and preparing top and bottom-line benefits.

  • Work directly with our existing partner on new P&C insurance solutions crafted for existing banking products.

  • Collaborate on key critical metrics to measure progress of central initiative implementation.

Strategic Initiatives

  • Generate and develop financial/strategic portfolio analysis & performance management insight for Senior Leadership Teams.

  • Support the success of implementing our partnership team 5-year strategy from developing initiatives, outlining benefits, milestone planning, and partner management to ensure the successful growth of our business aligned to financial plan.

  • Collaborate with cross functional subject areas ensuring collaborator engagement is high, while resolving any challenges to ensure the successful outcome of the plan.

Stakeholder Management

  • Act as a key liaison for our partners, coordinating and arranging internal and external resources as necessary while maintaining positive relationships with current partners.

  • Build and strengthen relationships with a range of internal teams including personal insurance underwriting, product, pricing, finance and claims.

  • Build and develop new external relationships with a common goal to continually develop new mutually beneficial revenue opportunities.

Business Planning and Execution

  • Collaborate with external collaborators to develop business plans that align with Aviva’s business objectives. This would include initiating and delivering on a sales action plan to support the strategic objections and to exceed stated goals.

  • Collaborate with internal finance business partners with forecasts for various projects and initiatives that would include forecasted P&Ls and projected revenue growth.

  • Monitoring project progress against forecasted financials and identifying key growth opportunities, as well as some pressure points early in the implementation stage.

  • Ability to outline business argument and benefits for new product complete plans, with support of VP.

What you’ll bring:
  • Demonstrated ability (3-5 years) in business development and/or strategy development.

  • Ability to navigate team members and adept at managing expectations and holding parties accountable.

  • Managing Partnership outcomes and owning third party relationships to build and initiate new opportunities to scale.

  • Prior experience in small commercial, credit card insurance product offerings, or launching new P&C products or propositions.

  • Portfolio management and accountability – managing third party relationships bringing to bear critical metrics to drive prioritization of efforts to improve and maintain performance and growth.

  • Experience with warranty, lender, and/or travel insurance products is an asset.

  • Creative thinker – understands and outlines risks with an ability to manage associated controls to deliver strategic goals.

What you’ll get :

  • The salary band for this position ranges from $110,000 to $135,000. Please note that individual salary is determined by factors such as job-related knowledge, skills and experience, as well as internal equity. 

  • Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.   

  • Hybrid flexible work model .  

  • Outstanding career development opportunities.  

  • We’ll support your professional development education.   

  • Competitive vacation package with the option to purchase 5 extra days off per year.   

  • Employee-driven programs focused on gender, LGBTQ+, origins, diversity, and inclusion.    

  • Corporate wellness programs to support our employees’ physical and mental health.    

This job advertisement is for an existing vacancy which has been posted both internally & externally. 

  

Aviva Canada may use AI (Artificial Intelligence) tools to assist us throughout the recruitment process to screen, assess or select applicants for a position. 

  

Aviva Canada welcomes applications from all qualified individuals and has a process in place to provide accommodations for persons with disabilities at all stages of the hiring process and during employment. If you require an accommodation during the interview or hiring process, please contact your Aviva Talent Acquisition Partner so that an appropriate accommodation can be arranged.  

Skills Required

  • 3-5 years in business development and/or strategy development
  • Ability to navigate teams, manage expectations, and hold parties accountable
  • Experience managing partnership outcomes and owning third-party relationships to scale opportunities
  • Prior experience with small commercial, credit card insurance products, or launching new P&C products/propositions
  • Portfolio management and accountability using critical metrics to prioritize and improve performance
  • Experience with warranty, lender, and/or travel insurance products
  • Creative thinker who identifies risks and implements controls to achieve strategic goals
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The Company
36,000 Employees
Year Founded: 1696

What We Do

Aviva is a multinational insurance and financial services company, offering a diversified range of products including insurance, wealth management, and retirement solutions. It is the UK's leading diversified insurer.

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