Director, Corporate Development

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

What can you expect in this role? 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 will you do in this role?

• 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 junior analysts 

What do you bring to the role? 

• 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

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
• 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

Actual 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.  In addition to base pay, 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.

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].

Background checks
This role requires successful clearance of background checks (including criminal checks and leadership references).

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