Product Manager, Group Retirement Savings

Product Manager, Group Retirement Savings

Location : Hybrid - Ontario

Empire life is looking to hire a Product Manager to join our Group Product & Marketing team!

The GRS Product Manager will support the Group Retirement Savings line of business. Group retirement plans are a terrific way for employers to support their employees’ saving goals. Everyone is busy, wouldn’t it be great to offer an excellent GRS product that is super easy for everyone to understand and use. As a new line of business, a strong entrepreneurial, roll-up sleeves and wear several hats mentality is needed. This is a great opportunity to help grow a new line of business. Working to grow this nascent business, you will manage all aspects of product management and development as well as being the subject matter expert for the sales team – sometimes developing and leading sales pitches with your distribution partners. This role reports into the VP Group Product and Marketing.

Why pursue this opportunity

Join a transforming business - we are a medium-sized Canadian company in a stable industry which is rapidly transforming.

Play an integral role - this is an opportunity that allows for you to grow your skills, while directly contributing to the business unit you are a part of.

Diversity, equity, and inclusion - we are committed to creating a diverse, equitable, and inclusive workplace and welcome candidates who share this commitment.

What you’ll be working on

You fully understand the Group retirement savings landscape – competitive offering, how it fits with Group Benefits

Direct management of all facets of the group retirement savings business with a focus on plan design and product :

Launch new investment products for example, DPSP, RESP and manage product development pipeline.- leading cross functional work teams as necessary

Develop and present product proposals and cost benefit business cases to Senior Management with a focus on market demand, competitive landscape, asset gathering potential, and profitability

Understand competitive sponsor administration and member engagement

Customer experience is paramount. You will have an in depth understanding of key audience needs including TPA / MGA partners, advisors, plan sponsors, plan members – mapping out customer journeys

Research, analyze, and understand the competitive landscape, regulatory environment, and market price competitiveness

Support sales and market development opportunities including sales strategies, presentations, marketing materials, pitch decks. You are the SME and help to pitch / close deals.

What we’re looking for you to have

7+ years work experience in a product management / development / plan design capacity in the Group Retirement Savings space

Knowledge of investment product implementation processes

You get the B2B and B2B2C space

You understand details matter

Strong quantitative and qualitative analytical skills, able to conduct profitability analysis, pricing recommendations and ongoing business KPIs / metrics, strong proficiency with excel and pivot tables

Customer centric orientation and understanding of marketing, customer needs assessment and targeting.

Strong communication and presentation skills, able to prepare product marketing material, presentations, business cases, strategic plans – ability to explain complex subject matter clearly and succinctly

Flexible and adaptable – you are comfortable wearing multiple hats and rolling up your sleeves to do the detailed work

If you are applying for a position which is open to applicants across Canada, unless otherwise indicated in the position, language proficiency in English is required for communicating with customers, advisors, or employees across Canada.

Beyond the salary

For regular full-time positions, Empire Life offers a comprehensive total rewards package that includes :

Competitive salaries with annual pay increases

Annual bonus program, which recognizes both strong company performance and individual contributions, for non sales positions

Competitive uncapped commission, for sales positions

A comprehensive employer-funded benefits package starting from day one of employment, that includes life insurance, disability, health and dental and a generous health account

Flexible work arrangements and an annual allotment of personal health days.

Four weeks annual vacation from hire date

A defined contribution pension plan with generous employer matching

Top up programs for parental leave and compassionate leave

Employer-sponsored wellness and recognition programs

A cash employee referral program