Development Manager, Startup Division

200 Bay St., Toronto, ON M5J 2J1, Canada Req #695
Monday, June 17, 2024

About HomeEquity Bank

Establishing a New Division

HomeEquity Bank is establishing a new division to launch a technology-first solution into the market. The division will be developed and built over the next year. It will be entrepreneurial, innovative, and customer-centric in its approach, with a strategic objective that addresses the unique needs of everyday Canadians. The new division is backed by industry-leading organizations, Ontario Teachers’ Pension Plan (“OTPP”) and its venture studio, Koru.

About HomeEquity Bank

Ranked as one of Canada’s Top Growing Companies, HomeEquity Bank is the leading national provider of reverse mortgages in Canada and the only federally regulated Bank focused solely on Canadians 55 and above.

HomeEquity Bank has a highly effective direct-to-consumer distribution model (B2C), as well as an established referral network (B2B), including Canada’s major banks, credit unions, financial planners, and mortgage brokers.

With its flagship product, the CHIP Reverse Mortgage, HomeEquity Bank empowers Canadians 55+ to live retirement on their terms by providing them a secure way to access equity from their smartest investment – their home.

HomeEquity Bank is a portfolio company of Ontario Teachers’ Pension Plan Board, a global investor that delivers retirement income for 336,000 current and retired teachers in Ontario.



The Development Manager plays a key role in growing and managing the software team of the new division. This position requires a balance of technical expertise, people management, and strategic planning to ensure successful project execution.


Responsibilities include overseeing project planning, execution, and delivery, setting clear goals and expectations for team members aligned with the organization's objectives. Collaborating with stakeholders, you'll define project requirements, manage expectations, and negotiate priorities to ensure alignment with business goals. You'll champion the engineering team, develop project plans, drive best practices, and foster a culture of continuous improvement, encouraging feedback and identifying opportunities for growth.




Key accountabilities of this position include:

  • Oversee the planning, execution, and delivery of software projects.
  • Set clear goals and expectations for team members, and ensure alignment with the organization's objectives.
  • Conduct regular performance evaluations, provide feedback, and support career development for team members.
  • Collaborate with product managers, technical leads, and other stakeholders to define project requirements, scope, and timelines.
  • Manage expectations and negotiate priorities, timelines, and resource allocations to ensure alignment with business goals and objectives.
  • Act as a champion for the engineering team, advocating for their needs and contributions within the organization.
  • Develop project plans, allocate resources, and prioritize tasks to ensure timely and successful project delivery.
  • Drive the adoption of best practices, coding standards, and software engineering methodologies to ensure the delivery of high-quality, maintainable software.
  • Foster a culture of continuous improvement, encouraging feedback, retrospectives, and post-mortems to identify lessons learned and opportunities for growth.





  • Strong educational background, such as a bachelor’s or higher degree in computer science or a related field, or equivalent experience
  • Strong background in software engineering with a deep understanding of software development principles, best practices, and technologies, including DevOps practices
  • Proficiency in project management methodologies with a focus on Agile methodologies
  • Demonstrated ability to lead and manage a team of software engineers, providing direction, support, and mentorship to foster their professional growth and development
  • Ability to assess technical feasibility, evaluate design alternatives, and make informed decisions to drive software development projects forward
  • Experience in setting clear goals and expectations, delegating tasks, and holding team members accountable for their performance and results
  • Experience in evaluating trade-offs, balancing technical considerations with business needs
  • Experience delivering software in a regulated environment



  • Pragmatic and results-oriented, focused on achieving tangible outcomes
  • Customer-focused, with a dedication to understanding and meeting customer needs
  • Skilled at identifying and nurturing talent within the team
  • Possesses strong relationship-building skills, adept at establishing trust, influencing stakeholders, and diplomatically resolving conflicts


Working Conditions Unique to Job

  • Hybrid working environment


Why Join the New Division? 

  • The chance to be at the forefront of a ground-breaking initiative backed by the market leader in reverse mortgages
  • A unique opportunity to lead change, innovate, and make a significant impact, unlocking financial opportunities for the target market
  • HomeEquity Bank offers a competitive total rewards package that includes:
    • Extended health and dental benefits
    • Employee & Family Assistance Program
    • Employer Matched Group Retirement Savings Plan
    • Employee Share Investment Plan
    • Well-being initiatives including a wellness account, virtual self-care programs, and extended mental health benefits
    • Employee corporate discount for GoodLife Fitness

Stay in the Know


Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:








Join Us! If you’re ready to build the future of reverse mortgages, we want to hear from you.

Other details

  • Job Family Non-sales
  • Pay Type Salary
Location on Google Maps
  • 200 Bay St., Toronto, ON M5J 2J1, Canada