Branch Agency Manager

Openmind Hr Solutions; Tirupati; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Bajaj Allianz Life Insurance is seeking a Branch Manager to lead a team of sales managers, agents, and financial consultants. The role focuses on profitable P&L, multi-channel growth, and regulatory compliance across the branch to achieve aggressive sales targets.

The candidate will drive business across term plans, ULIPs, and savings products, while ensuring high customer service and low attrition, with strong emphasis on governance and risk management.

Qualifications

• Graduate with a recognized university degree.
• MBA (Marketing/Finance) preferred.
• 6–12 years in BFSI with 3–5 years in branch leadership or similar role.

Responsibilities

• Drive top-line growth and deliver branch targets (NBP, Renewal, Product Mix).
• Lead Sales Managers, Unit Managers, and front-line advisors; coach and mentor for strong pipelines.

Skills

Leadership

Strategic planning

Negotiation

Customer service

Education

Graduate degree

MBA (Marketing/Finance) preferred

Job description

Job Description: Branch Manager Bajaj Allianz Life Insurance

Role Summary

The Branch Manager is a critical leadership role responsible for the overall profitability, P&L management, business growth, and operational administration of the branch. The incumbent will lead a team of sales managers, life insurance agents, and financial consultants to achieve aggressive sales targets across individual life insurance products, while maintaining high standards of compliance and customer service.

Key Responsibilities & Accountabilities

1. Business Growth & Target Achievement

• Drive top-line growth and ensure consistent delivery of monthly, quarterly, and annual branch business targets (New Business Premium, Renewal Premium, and Product Mix).
• Spearhead multi-channel distribution strategies, including Agency development, Direct Sales, and tie-ups with partner networks.
• Ensure balanced product mix across term plans, savings/investment products, and unit-linked insurance plans (ULIPs).

2. Team Leadership, Coaching & Development

• Recruit, train, mentor, and lead a high-performing team of Sales Managers (SMs), Unit Managers (UMs), and front-line advisors.
• Conduct regular performance reviews, joint field visits, and coaching sessions to build strong sales pipelines and improve team productivity.
• Foster a high-motivation environment to reduce attrition and drive agent activation and retention.

3. Partner & Relationship Management

• Build and nurture strong business relationships with key corporate clients, local influencers, and key distribution partners to generate sustainable business flow.
• Drive engagement activities, reward & recognition programs, and training workshops for agents and partners.

4. Branch Operations, Compliance & Risk Management

• Ensure strict adherence to regulatory guidelines (IRDAI) and internal compliance frameworks across all branch activities.
• Maintain high portfolio quality by monitoring persistency ratios (13th-month, 25th-month persistency) and managing underwriting standards to control risk.
• Oversee day-to-day branch administrative functions, customer service delivery, and grievance resolution to ensure high customer satisfaction (CSAT) scores.

Eligibility & Qualifications

• Education: Graduate in any discipline from a recognized university. Post-graduation or an MBA (Marketing/Finance) is strongly preferred.
• Experience: Typically 6 to 12 years of total experience in the BFSI sector, with at least 3 to 5 years in a branch leadership or team-handling role within the life insurance industry.
• Domain Knowledge: Deep understanding of life insurance products, regulatory frameworks, regional market dynamics, and agency/branch distribution models.

Key Skills & Competencies

• Strong leadership, strategic planning, and P&L management capabilities.
• Excellent interpersonal, negotiation, and communication skills.
• High target orientation with a proven track record of scaling up business revenues.
• Strong problem-solving abilities and compliance mindset.