Associate Manager_ Insurance & Credit Services

ITC Limited; Guntur District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading financial services company in India is looking for a candidate with 4-5 years of experience in the insurance and banking industry. The role involves coordinating partnerships, conducting market research, and enhancing team capabilities. Ideal candidates should possess excellent communication skills and a strong understanding of rural demands. Proficiency in MS Office and a background from premier Agri Institutes are preferred. This opportunity promises growth in a dynamic work environment.

Qualifications

• 4-5 years of experience in the insurance and banking industry.
• Demonstrated ability to work well with diverse people.
• Have worked purely in the insurance industry.

Responsibilities

• Coordinating with stakeholders to complete the partnership journey.
• Planning sales and marketing activities for insurance products.
• Collecting feedback to understand rural insurance product needs.

Skills

Experience in Insurance and Banking

Knowledge of rural demand

Self-motivated

Excellent communication skills

Proficiency in MS Office

Education

Degree from premier Agri Institutes

Job description

About Us

Purpose of Job

Exploring products and services pertaining to financial service (banking & insurance) industry, identifying potential partners for Insurance and other such rural products, Coordinating with internal and external stakeholders to complete partnership journey, Understanding and setting-up processes to rollout insurance products & services, Performance Monitoring of field team & providing feedback for improvement, capability building of Staff & extended Organization

Key Responsibility Area

• Interface with Internal / External Organization
  • Interface with potential insurance companies to identify possibility of partnerships
  • Ensuring timely support to internal and external stakeholders to expedite partnerships
  • Co-ordinate with legal and compliance teams to close partnership process in shorter time

• Market Research and Feedback
  • Collecting feedback from field teams to understand rural insurance product needs and industry trends for business development and customers’ demand
  • Feedback sharing with partners to create possible product fit based on market demand

• Product Rollout and Business Development
  • Planning sales and marketing activities to generate potential business for targeted insurance products
  • Monitoring business progress via constant tracking of field activities with respective branch teams

• Performance analysis & feedback
  • Highlight various deviations in performance through active monitoring of performance indicators vis-Ã -vis sanctioned plan figures, reasons for the gap, provide feedback on performance improvement and follow up on the suggestions given for its improvement

• Capability Building
  • Assess capability gap of field agents and provide necessary trainings for better product understanding and better query handling

• Reports & Documentation
  • Ensuring required documentation based on business process and reconciliation needs of ITC and partners

Requirements

• 4-5 years of experience in Insurance and Banking industry.
• Good knowledge of banking & insurance industry and rural demand.
• Highly self motivated and demonstrated ability to work with minimal supervision.
• Demonstrated ability to work well with people from a variety of backgrounds.
• Excellent written and verbal communication skills.
• Proficient in MS Office (MS Excel and Powerpoint)
• Preferably from premier Agri Institutes like IRMA, MANAGE, SIIB, XIMB, NIAM etc.
• Have worked purely in insurance industry