The Opportunity
The Director, Corporate Development has the unique opportunity to participate in a wide range of activities to support the Corporate Development team, which includes the corporate acquisition strategy and execution activities, including carrier acquisitions, broker investments and partnerships, corporate venturing and competitive analysis.
What to Expect
- Play an important role in identifying and assessing potential acquisition targets across the P&C value chain, as well as other corporate initiatives, for strategic fit and value generation
- Manage the execution of acquisition and divestiture transactions, including but not limited to deal sourcing, due diligence, executive and regulatory approval, transaction documentation, and integration support
- Lead the preparation of financial analysis, including building complex models, assessment of synergies / dis-synergies, valuation analysis, and accretion / dilution
- Monitor acquisition and investment activity within the Canadian P&C industry, including creation and maintenance of operational and transaction databases.
- Supervise the production of industry benchmarking reports and lead update / development of new industry benchmarking reports - Provide support as required for ad hoc requests from cross-functional teams and other corporate strategic initiatives
- Play a lead role in mentoring and developing our analysts
What You Bring
- Completed university degree, preferably within accounting, business, finance, or actuarial science , with high proven achievement
- CPA / CFA / CBV designation - 8 to 10 years work experience in a finance-related role, preferably with experience in the areas of corporate development, investment banking, management consulting and financial modelling
- Sophisticated analytical and business valuation skills, including ability to construct, analyze and critique complex financial models
- Interest and/or prior experience in financial services industries in general, and insurance specifically, would be an asset - Strong understanding of the capital markets and trends in industry-related acquisition and divestiture activity
- Considerable working knowledge of Bloomberg, Capital IQ, and Microsoft Office Suite
- Ability to operate with a flexible work schedule, given transactional nature of role
- Strong written and verbal communication skills and ability to interact with all levels of the organization, including C-level executive
Salary Range: $134,300 - $184,300
About UsActual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.
This position is being posted to fill an existing vacancy.
Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success.
What’s in it for you?
- Hybrid work schedule for most roles
- Company share ownership program
- Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
- Pension and savings programs, with company-matched RRSP contributions
- Paid volunteer days and company matching on charitable donations
- Educational resources, tuition assistance, and paid time off to study for exams
- Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
- Wellness and recognition programs
- Discounts on products and services
Go ahead and expect a lot — you deserve it.
It’s better here — but don’t take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting [email protected].
As part of Definity’s commitment to reconciliation, we acknowledge that our work, meetings, and travel take place on the lands now known as Canada, and recognize the enduring presence, wisdom, and stewardship of the First Nations, Métis, and Inuit peoples who have long cared for these lands.
Background checks
This role requires successful clearance of background checks (including criminal checks and leadership references).
#LI-Hybrid
About the TeamSkills Required
- Completed university degree, preferably in accounting, business, finance, or actuarial science
- CPA, CFA, or CBV designation
- 8 to 10 years of experience in a finance-related role
- Experience in corporate development, investment banking, management consulting, or financial modeling
- Sophisticated analytical and business valuation skills
- Ability to construct, analyze, and critique complex financial models
- Interest or prior experience in financial services, particularly insurance
- Strong understanding of capital markets and acquisition and divestiture activity
- Working knowledge of Bloomberg, Capital IQ, and Microsoft Office Suite
- Ability to work a flexible schedule due to the transactional nature of the role
- Strong written and verbal communication skills
- Ability to interact with all organizational levels, including C-level executives
Definity Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Definity and has not been reviewed or approved by Definity.
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Healthcare Strength — Coverage begins on the first day and spans medical, prescription-drug, vision, dental, paramedical, and enhanced mental-health services, with additional support for fertility, gender affirmation, life and critical-illness, and disability coverage.
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Retirement Support — Pension and savings programs include employer-matched RRSP contributions to support long‑term financial security, and share ownership is available with the company matching employee contributions up to $1,500 annually.
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Leave & Time Off Breadth — Vacation is supplemented by five additional personal Definity Days and two paid volunteer days each year, indicating a broad and supportive time‑off offering.
Definity Insights
What We Do
Definity Financial Corporation is the parent company to some of Canada’s most long-standing and innovative property and casualty insurance brands and companies, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. We focus on making insurance better for our customers, our employees, our broker partners, and our communities. Our promise to employees is to provide a workplace that’s collaborative, ambitious, rewarding, and empowering. Our inclusive environment provides the space to innovate with colleagues and implement even better ways of doing things. We invest in our employees’ growth and development and help them thrive. With our flexible, hybrid work arrangements, total rewards packages, company share ownership program, and emphasis on work-life balance, it’s better here. If you’re looking for a career where your perspective and expertise are valued, you’ll find it here at Definity.
