ASM - Axis BB - BBSR

Aditya Birla Group; Bhubaneshwar; On-site; INR 900,000 - 1,300,000; Full time

Job summary

ABHI is seeking a high-impact sales leader to strengthen partnerships with national and regional partner banks. The role focuses on sustaining relationships, driving premium targets, and coordinating with banks to align product strategies and incentives.

You will influence bank targets, plan product mixes, and design R&R programs to drive sales performance. The position requires strong collaboration with internal teams and bank stakeholders, regular reviews, and proactive market strategies to

Qualifications

• Candidate should have a graduation degree and strong analytical skills.
• Experience in insurance sales or partner bank relationships is advantageous.
• Ability to strategize sales and manage key accounts with banks.

Responsibilities

• Deliver premium targets in collaboration with partner banks.
• Plan and strategize sales targets aligned with partner banks' guidelines.
• Engage at all management levels of partner banks to sustain relationships.
• Monitor threats to relationships and plan mitigation steps as needed.
• Conduct regular RM road shows and coordinate with banks for top-of-mind recall.
• Implement sales management systems to track activities of ABHI sales force.
• Provide MIS-based feedback to bank line supervisors.

Skills

Graduate

Job description

Country India

Skills

Skill

Graduate

CERTIFICATION

Job Description

Key Result Areas (Max 1325 Characters)

Supporting Actions(Max 1325 Characters)

Ensuring Partner Banks continue their partnership with ABHI despite pressures from competing Insurance Companies

• Continue to integrate both systems and processes of ABHI and Partner Bank so as to increase the ‘stickiness’ of relationship
• Provide top-of-the-line Sales support to facilitate ease and comfort in selling ABHI products.
• Ensure continuous engagement at all levels of management of partner Banks with ABHI.
• Closely monitor any perceived threats getting a foot-hold in the relationships and strategize effective steps to neutralize the same.

Plan & Strategize in terms of sales targets in sync with the targets of Partner Bank’s internal guidelines.

• Influence Partner Banks to align their Insurance revenue targets with ABHI’s targets.
• Planning the Product mix to reach the desired objective.
• Planning training needs and methods.
• Identify Customer segments and strategize the Sales process around it.
• Designing R&R programs to motivate Sales force
• Monthly meeting with Partner Banks Head Office Product team on ‘strategy for the month’.
• Monthly meetings with Line Supervisors for local-level strategies.
• Monthly meeting with ABHI team to clearly strategize priorities

Deliver Premium targets

• Prepare an overall Sales strategy that achieves both these objectives which inherently has an inverse relationship.
• Identify Client segments and tailor-make prompt strategies in consultation with the line function.
• Set benchmarks and monitor the progress on a daily basis.
• Implement Sales Management system that tracks activities of ABHI Sales force.
• Provide feedback on Insurance related activities at the ground to Partner Bank’s Line supervisors through MIS.
• Monthly review meetings with Regional heads of Partner Banks to discuss course-correction if any.
• Conduct RM Road shows regularly and address them to garner top-of-the-mind recall.
• Plan and Execute R&R Programmes for Partner Banks.

Ensure design and implementation of cutting edge Sales Management Practices to effectively manage expectations of a highly competitive and professional team of Partner Bankers.

• Collaborate on creation of appropriate training plans to enable better understanding of customer needs, our product offerings and its advantages – leading to quality sales call and higher volumes
• Collaborate on creation of Sales Incentives Plans to drive the teams to desired levels of productivity and achievement of GWP targets
• Collaborate on creation of appropriate progression plans

Running a Profit Center through effective management of spending.

• Discussion with Internal Planning and accounts team on budgets available on projected Sales and product mix.
• Adhering to IRDA, ABHI and Partner Banks compliances while planning expenses.
• Planning and strategising the ‘spending’ with Partner Banks Product team and line functions.
• Working out cost-benefit analysis for every planned spending.
• Put in place checks and balances to control the quality of business
• Conduct periodic reviews and audits.
• Introduce ‘strategic spending’, if required at specific instances to create momentum, in consultation with all stake holders.

Manage Renewals

• Managing the Partner Banks dedicated renewal team based out of Mumbai to ensure renewal of premium regularly
• Provide Partner Banks branch wise data to inform customers regarding renewal premium to be collected.
• Team up with Partner Banks product team to motivate through R&R programs for Service executives of Partner Banks, based out of branches in order to collect renewals every month.
• Plan and strategise with the Actuarial team to provide product features that disincentives surrenders and incentives for long term loyalty.
• Ensuring adequate focus is maintained by the sales team on renewals.

Business expansion within Partner Banks relationship in order to meet with ABHI’s ambition of reaching premier position in Health Insurance

• Strategizing with Partner Banks’s Pan India Client Acquisition team to meet the new Customers for ABHI products.
• Design and run R&R programs for Acquisition team for referring leads for ABHI.
• Identify the new opportunities and execute the action plan to have incremental business.
• Identify innovative methods working with the relationship to enhance penetration of the database horizontally.