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Director, Corporate Development

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Definity

2mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Business, Operations & Strategy
    Banking & Finance
  • Toronto

AI generated summary

  • You need a relevant degree, CPA/CFA/CBV, 8-10 years in finance, strong analytical skills, capital markets knowledge, and proficiency in financial tools, with excellent communication skills.
  • You will identify acquisition targets, manage transactions, conduct financial analysis, monitor industry activity, produce benchmarking reports, support cross-functional teams, and mentor junior analysts.

Requirements

  • 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

Responsibilities

  • 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

FAQs

What is the main responsibility of the Director, Corporate Development?

The main responsibility is to participate in activities related to the corporate acquisition strategy and execution, including identifying and assessing potential acquisition targets, managing transaction execution, and leading financial analysis.

What qualifications are needed for this position?

A completed university degree in accounting, business, finance, or actuarial science, along with a CPA, CFA, or CBV designation, and 8 to 10 years of finance-related work experience are required.

Is experience in insurance necessary for this role?

While it is not strictly necessary, having an interest and/or prior experience in financial services, particularly in insurance, would be considered an asset.

What tools and software should candidates be familiar with?

Candidates should have considerable working knowledge of Bloomberg, Capital IQ, and Microsoft Office Suite.

Will there be opportunities for professional development?

Yes, there will be opportunities for mentoring and developing junior analysts, as well as access to educational resources and tuition assistance.

What benefits does Definity offer employees?

Definity offers a hybrid work schedule, company share ownership programs, pension and savings programs, paid volunteer days, wellness programs, and discounts on products and services, among others.

Does Definity promote diversity and inclusion in the workplace?

Yes, Definity actively seeks diverse backgrounds and perspectives and emphasizes that inclusion, diversity, and equity are essential to the company's success.

What kind of work environment can employees expect?

Employees can expect a collaborative, ambitious, rewarding, and empowering work environment, as well as a focus on wellness and recognition.

Are background checks required for this role?

Yes, this role requires successful clearance of background checks, including criminal checks and leadership references.

How does the company approach flexible work schedules?

Given the transactional nature of the role, the company allows for a flexible work schedule for employees.

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Definity

We're in it for good

Finance
Industry
1001-5000
Employees
1871
Founded Year

Mission & Purpose

Definity Financial Corporation is the parent company to some of Canada’s most long-standing and innovative property and casualty insurance brands and companies, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. We focus on making insurance better for our customers, our employees, our broker partners, and our communities. Our promise to employees is to provide a workplace that’s collaborative, ambitious, rewarding, and empowering. Our inclusive environment provides the space to innovate with colleagues and implement even better ways of doing things. We invest in our employees’ growth and development and help them thrive. With our flexible, hybrid work arrangements, total rewards packages, company share ownership program, and emphasis on work-life balance, it’s better here. If you’re looking for a career where your perspective and expertise are valued, you’ll find it here at Definity.