Job Description

Job SummaryWhat is the opportunity?The Senior Director, Insurance Performance Management & Business Decision Support is a key member of the Insurance Finance leadership team, responsible for financial planning and analysis, management reporting, business case modeling/analysis and providing support to the Insurance executive team. The incumbent will manage a team providing value added, timely and accurate reporting, forecasting & key metric information in support of strategic decision making.This role will appeal to individuals who want to work in a fast-paced area that has significant visibility and a high profile across Insurance and the RBC CFO team; who have an appetite for working in a forward looking and innovative environment; and who also thrive on challenges and want to over-achieve and make a real difference with the business.What you will do?

• Establish the mandate for a leading Performance Management & Business Decision Support function, working closely with peers across the organization to leverage best practices/lessons learned.
• Manage the hub of financial performance information for the Insurance business. Responsible for the development of insightful analysis and actionable information working with business leaders, including the CEO, COO, Chief Digital & Data Officer and CFO of Insurance, and other senior regional staff.
• Provide insightful and actionable financial and business analytics of Insurance results; developing complex presentations to support executive decision-making.
• Provide business executives and senior management with analysis and recommendations on the usage of financial resources, through identification of issues and ongoing monitoring of results (including leadership over sales and expense analysis) as well as provide analysis of strategic initiatives (PARs/business cases).
• Coordinate ongoing forecasts, annual plan, 5 year outlook and line of business reviews with a comprehensive understanding of forward looking trends, including managing the stress-testing exercise for Insurance (in partnership with the Reporting & Controls team).
• Oversee benchmarking and peer comparisons; present findings and recommendations to senior management.
• Provide financial advisory services supporting various programs across Insurance.
• People and team management - fostering an engaged and innovative environment where staff are tapping into financial and non-financial data across the enterprise to drive value-add financial analysis, while keeping current with market trends, the competitive environment, and identification of business opportunities.
• Manage changes to current regulatory and accounting standards (i.e. OSFI, IFRS) to ensure they are properly reflected within all forecasting, planning and strategic initiatives presented to senior management in order to identify impacts to the business.
• Key Finance contact for the Insurance platform ensuring regular reporting, analysis and performance management requirements are meeting the needs of the Chief Financial Officer, Wealth & Insurance, the Insurance Operating Committee and Head Office through timely, actionable and insightful reporting. This requires the incumbent to drive to conclusion and present results as appropriate.

What you need to succeed?Must Have

• Experience in Insurance, preferably life insurance, group benefits and/or both.
• 7+ years' experience in management reporting and analysis, and/or FP&A (including development of key metrics/business drivers)
• Very strong Microsoft Excel and PowerPoint Presentation skills required, with data mining skill and ability to explore new technologies to enhance the delivery of financial information
• Strong team and people management abilities, and ability to play a leadership role across a wide group of peers
• Keen sense of numbers and strong analytical skills with ability to multitask and handle high-pressure executive level requests on a continuous basis
• Excellent leadership and interpersonal skills with a strong ability to influence stakeholders mobilize groups to deliver on common goals
• Excellent organizational, analytical and problem solving skills
• Able to consistently exercise independent thought and judgment and adapts to new tasks quickly

Nice to Have

• CPA or CFA or Finance MBA
• Understanding of actuarial concepts, accounting and/or valuation would be an asset
• Exposure to any of the following would be preferred:

• Insurance FP&A, actuarial or reporting functions
• Experience in financial modelling including understanding of statistics, risk or other quantitative metrics
• Prior implementation of reporting/forecasting tools

Job Skills Accounting, Business Analytics, Cost-Benefit Analysis (CBA), Decision Making, Financial Forecasting, Financial Planning and Analysis (FP&A), Interpersonal Relationships, Organizational Leadership, Team ManagementAdditional Job DetailsAddress: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity: MISSISSAUGACountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2025-02-20Application Deadline: 2025-03-08Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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 .

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