Director, Product Finance

Posted 2 weeks ago

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About the role

  • Director leading product finance for Manulife’s wealth and asset management business. Driving P&L, pricing, forecasting, capital, and strategic investment decisions.

Responsibilities

  • Lead financial analysis across product launches, pricing, rationalization evaluations, strategic partnerships, and other product-related initiatives
  • Own product-level P&L performance, including 15(c) profitability analysis, governance, and reporting
  • Lead product revenue forecasting and margin analysis connecting AUM, flows, market performance, pricing, and expense drivers to earnings outcomes
  • Develop performance views distinguishing structural economics from temporary impacts and identify value-creating or value-destroying products, channels, and initiatives
  • Partner with Product and Distribution to translate financial results into recommendations, targets, and performance improvement plans
  • Lead financial modeling for product launches, including revenue, expense, scale, margin, capital, sensitivity, and break-even analysis
  • Assess pricing and fee structures, competitive positioning, client economics, and profitability trade-offs
  • Manage product profitability across the full lifecycle from concept and launch through scale, repositioning, closure, or merger
  • Support product rationalization through scenario analysis, stranded cost considerations, client impacts, and implementation economics
  • Establish decision frameworks and monitoring for product economics
  • Evaluate new initiatives and prepare decision-ready business cases
  • Lead financial assessments of seed capital needs and capital usage
  • Provide business case support for strategic partnerships
  • Track approved initiatives against business case commitments and recommend corrective action
  • Serve as the primary finance partner to Product and influence decisions without direct authority
  • Lead marketing support planning and forecasting and evaluate investment effectiveness
  • Prepare concise narratives, recommendations, and decision materials for executives and the Board
  • Lead cross-functional analyses and projects with Product, Distribution, Marketing, Investments, Operations, Risk, Legal, Tax, and Finance teams
  • Develop team capability through coaching, clear priorities, quality standards, and continuous improvement of product finance models, data, governance, and processes

Requirements

  • University degree in Accounting, Finance, Business, Economics, or a related discipline
  • 10+ years of progressive finance experience, including senior business partnership, financial planning and analysis, product economics, or profitability management
  • Experience in wealth and asset management, investment products, or a comparable financial services environment
  • Strong financial modeling capability across product P&Ls, pricing, break-even analysis, forecasting, business cases, capital deployment, and return on investment
  • Ability to translate AUM, flows, market performance, fees, expenses, and capital usage into earnings, margin, and profitability implications
  • Ability to challenge assumptions, manage ambiguity, lead complex cross-functional initiatives, and influence senior stakeholders without direct authority
  • Excellent executive communication and financial storytelling skills
  • Advanced proficiency with Microsoft Excel and PowerPoint
  • Experience with enterprise planning, reporting, and analytical tools
  • Experience with mutual funds, ETFs, institutional investment products, segregated funds, or related product structures
  • Knowledge of management fee economics, distribution arrangements, product governance, seed capital, and fund profitability practices
  • Experience supporting product launches, pricing decisions, product rationalization, strategic partnerships, or marketing investment planning
  • Experience preparing materials for executive committees, Boards, or formal product governance forums
  • People leadership experience and a track record of developing high-performing finance talent
  • Bilingualism (English and French) is an asset; if the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec

Benefits

  • Flexible environment supporting well-being and inclusion
  • Health insurance
  • Dental insurance
  • Mental health benefits
  • Vision insurance
  • Short- and long-term disability insurance
  • Life and AD&D insurance coverage
  • Adoption/surrogacy benefits
  • Wellness benefits
  • Employee/family assistance plans
  • Retirement savings plans
  • Pension
  • Global share ownership plan with employer matching contributions
  • Financial education and counseling resources
  • Paid holidays, vacation, personal, and sick days in Canada
  • Statutory leaves of absence
  • Incentive programs and incentive compensation tied to business and individual performance

Job type

Full Time

Experience level

Lead

Salary

CA$125,100 - CA$175,100 per year

Degree requirement

Bachelor's Degree

Location requirements

HybridTorontoCanada

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