Product Due Diligence Analyst

Job Description

Responsibilities

• Review investment and insurance products for approval to sell on WFG/TFA company platforms including fixed/variable life and annuity insurance products, segregated funds, mutual funds, money management, and retirement products.

• Perform initial intake, data collection, product analysis, and alignment with existing offerings of like products on the shelf.

• Prepare and present findings to the Products & Services Committee and other stakeholders.

• Direct product implementation process to set up approved products on appropriate platforms including but not limited to those used for marketing, compensation, data aggregation, and supervision.

• Maintain detailed competitive intelligence data to proactively ensure company product offerings are compensative and priced appropriately for the marketplace.

• Collaborate with Marketing, IT, Operations, and Supervision to ensure published product information is accurate and kept up to date for use by leadership and field professionals.

• Perform ongoing monitoring and prepare periodic reports of carriers to make sound business decisions and to satisfy governance and regulatory reporting requirements. Coordinate life and annuity offerings from the same enterprise distinguishing between subsidiary life or annuity manufacturing entities they may offer.

• Develop and maintain in-depth knowledge of available products to answer inquiries from staff and external parties. Assist in the training of supervisory staff on the nuance of the products and any complexities. Assist the leader of supervision in configuration of supervision and surveillance business intelligence for oversight.

• Create reports (e.g. product comparison, market share, competitive intelligence, etc.).

Qualifications

• Two years experience in the insurance/financial services industry

• Life license for insurance product analysis

• Investment Funds license for securities product analysis

• Thorough understanding of individual term and permanent insurance products and the distribution life cycle (from application to issuance and in-force servicing)

• Practical understanding of variable and traditional annuity products and their various features and benefits

• For securities products – experience evaluating asset management offerings, advisory programs and investment company products

• Knowledge of product implementation processes for insurance and for broker-dealer or RIA

• Experience supporting product due diligence

• Analytical and research skills

• Technical aptitude

• Strong attention to detail

• Excellent communication and customer-focused service skills

Preferred Qualifications

• Bachelor’s degree in a business field

• Experience in product due diligence

• Presentation and/or sales training experience

The Salary for this position generally ranges between $100,000 - $115,000 CAD annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

Benefits Package

Health and Work/Life Balance Benefits