TD Bank

Vice President, Claims Operations, TD Insurance

TD Bank$185K — $275K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Undergraduate degree required; Post Graduate degree preferred.
  • Minimum 7-10 years of progressive insurance experience, focusing on Claims leadership.
  • Experience leading teams through transformation and delivering AI-driven solutions.
  • Actuarial or Finance degree preferred.
  • History of leading operations functions and executing impactful strategies.
  • Analytical capability required to manage multi-billion dollar claims severity spend.
  • Demonstrated experience successfully leading large scale change initiatives.

Responsibilities

  • Deliver on legendary customer and colleague experiences.
  • Manage incurred claims costs within the approved risk appetite to achieve business goals.
  • Continuously improve the Claims target operating model and control frameworks.
  • Lead a team of 1,000+ colleagues across various claims sectors.
  • Foster positive relationships with government and industry stakeholders.
  • Grow talent and develop skills within teams to achieve career goals.
  • Execute the annual business plan to align with strategic objectives.

Benefits

  • Comprehensive health and well-being benefits.
  • Savings and retirement programs.
  • Paid time off and banking benefits.
  • Access to career development opportunities.
  • Reward and recognition programs.
Full Job Description

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

TD Insurance

Pay Details:

$185,000 - $275,000 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

Job Description:

Department Overview

TD Insurance helps protect clients from the ‘accidents of life’ with a wide range of products including credit protection, life, health, travel, home and auto insurance.

In Canada, we have two lines of business, General Insurance and Life and Health. Our General Insurance business is one of the top homes and auto insurance groups in Canada and the national leader in group insurance and affinity marketing. Our Life and Health business is the number one provider of critical illness insurance and direct Term Life in Canada.

At TD Insurance, we are committed to fostering an inclusive, accessible environment. With a Canada-wide workforce and offices in Atlantic Canada, Quebec, Ontario and Alberta, our company is always growing and can help you to grow. TD Insurance offers a stable and dynamic work environment where talent is appreciated, and professional development is taken seriously. More than just a job, we offer rewarding careers.

Job Description / Accountabilities

Reporting to the Senior Vice President & Chief Claims Officer, the Vice President, Claims Operations, TD Insurance is responsible for leading a best-in-class Claims organization, including Auto, Residential, Small Business, Catastrophic events, and Claims Response Operations. The accountabilities of this role include, but are not limited to, the following:

  • Deliver on legendary customer and colleague experiences

  • Manage incurred claims costs within the approved risk appetite to meet the business goals of TD Insurance (TDI)

  • Continually improve the Claims target operating model, end-to-end processes, and internal control frameworks to help TDI achieve its strategic objectives

  • Lead 1,000+ colleagues across the Auto, Residential, Small Business, Catastrophic Claims and Claims Response Operations teams

  • Lead the Auto Center network and broader repair capacity opportunities to support client needs

  • Foster positive and collaborative relationships with government and industry stakeholders to promote the business interests of TDI

  • Grow talent, develop skills, and capabilities of respective teams to achieve career goals, support project/initiative success, and achieve business results

  • Acquire, develop, and retain a diverse talent base with the capabilities needed to achieve strategic objectives

  • Work closely with key business leaders, including Vendor Management and Claims Journey leadership, to develop strategic business plans, ensuring the optimal use of resources and leverage TD’s operating model to maximize efficiency, effectiveness, and scale

  • Execute on the annual business plan to deliver results aligned with business strategies

  • Protect the interests of the organization – identify and manage risks, and escalate non-standard, high-risk transactions/activities as necessary

  • Set operational team direction and collaborate with others to execute on common goals

Qualifications & Experience

  • Undergraduate degree required; Post Graduate degree preferred

  • Minimum 7-10 years of progressive insurance experience, with a focus on Claims leadership

  • Experience with leading teams through transformation and delivering AI-driven solutions

  • Actuarial or Finance degree preferred

  • History of leading an operations function, making an impact, developing and executing on strategies and delivering superior results in both the short and long term

  • Analytical capability required to manage multi-billion dollar claims severity spend

  • People Leadership is key in this function; both the ability to effectively collaborate, influence and manage stakeholders across TDI

  • Proven ability to manage a diverse group of employees in multiple locations is critical to success in this role

  • Powerful communicator who engages colleagues, business partners, external stakeholders at all levels

  • Skillful communication (written and verbal), negotiation and partnership skills to balance stakeholder input while remaining focused on delivering results that matter to Sr Leaders within TDI

  • Comfort operating in ambiguity, testing & learning, failing fast, and remaining resilient under pressure

  • Expertise in working effectively in teams – requires a track record of working cross-organizationally and with multiple stakeholders at varying levels

  • Demonstrated experience successfully leading large scale change initiatives

  • Drive collaboration and deliver synergies across where possible

  • Ability to role model and embrace TD's Shared Commitments 

Leadership Skills

  • Cultivates and models the Colleague Promise to support colleague growth and foster a culture of care. Leads with authenticity and supports well-being to represent TD's brand.

  • Builds and retains an engaged and diverse team that embraces diversity of thought, creativity, and curiosity. Values, respects, and listens to every colleague and customer, committing to a common goal and collaborating to move with speed and get things done.

  • Identifies, recruits, and develops a diverse talent pipeline to innovate and maximize individual strengths, leading to better business outcomes.

  • Encourages colleague development to achieve career and business objectives, providing timely feedback, motivation, appreciation, and recognition.

  • Promotes a continuous learning culture by proactively seeking, listening to, and acting on feedback from peers and colleagues to improve the colleague experience.

  • Fosters an environment that encourages sharing of knowledge, information, skills, and subject matter expertise among the team. Ensures timely management and escalation of issues and creates opportunities to collaborate with other functions and teams.

  • Leads teams through change, creating an environment where they feel psychologically safe to challenge current practices.

  • Models resiliency and flexibility, communicates a compelling vision with clarity, and empowers colleagues to drive innovation.

  • Fosters a high-performance culture by setting team targets and objectives, promoting ongoing feedback and coaching, and conducting Quarterly Check-Ins to drive accountability and business results.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.


Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Language Requirement (Quebec only):

Sans Objet

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Net Income
-$6.9 million
5 Year Trend
+6.6%

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