Circle relationship Head | Maharashtra
Drive business and achieve targets through allocated region/area. Nurture and maintain the relationship with the channel partner for the incremental development of the business contributing by the relation and help/supervise them for the smooth function of the business process flow. Manage a team of Sales Managers to maintain the proper process of doing valued business for the organisation.
Job Challenges
- High dependency on HDFC Bank relationships in Open Architecture scenario, where they may have their own priorities so alignment is the key.
- Balancing between the process requirement and expectations of the Channel partners.
Key Result Areas
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Ensure achievement of Targets (Premium & Revenue) in order to contribute in overall growth of the company.
- Continuous interaction (as per RH/ZH's defined grid) with the channel partners/Circle Heads of the Zone.
- Mapping all the key decision makers & building a review mechanism per mapping basis decided intervals.
- Aggressively downloading all the RnR activities to be run by BSLI.
- Innovative ways to download the R&R activities.
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Ensure smooth function of the sales and other processes in order to maximise business potential.
- Communicating any product changes, process change or change in any rules and regulations (internal/IRDA) with the help of different training modules.
- Supporting in the actual sales and service aspects including sales calls, issuance and complaint handling.
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Relation Ship Management: Open Architecture
- To Handle Bank customers requirements with the best services and products ranges.
- To be equipped with insurance and Bank Products knowledge.
- To manage the relationship at all the levels to have the desired outputs.
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Drive effective channel management.
- Work with the channel partner to effectively use R&R programs to drive desired behaviours.
- Ensure efficient use of spent on Channel Partners which helps in achieving the end objective.
- Ensure achievement of desired levels in: People Retention 10%, Activation of Teams 20%, FYP ISSUED 50%, NOPs 10%, Product Mix 10% (20% Trad 50%, ULIP 40%, Protection 10% Monthly).
- Provide inputs for new products & sales pitch, based on an in-depth understanding of Channel needs.
- Identify training needs for the in-house and channel partner teams.
- Position gaps/vacancy to be filled within a TAT of T+15 Days.
- Identify innovative methods working with the relationship to enhance penetration of the database.
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Ensure the right method of business acquisition in order to get the profitable mix for the organization.
- Scrutinise the business on regular basis.
- Maintain quality checks. Monitor Customer Complaints and adhere to defined resolution TATs – T+72 Hrs.
- Take necessary documented actions against defaulting employees on quality/conduct parameters.
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Persistency.
- Regular MIS flow and communication with Channel Partners on T-30 basis (T being the renewal date).
- Resolve queries as and when required to ensure that renewal takes place on time.
- Fortnightly renewal status review mechanism to be followed internally.
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Building new business opportunities within the allocated area/relationships in order to maximise the productivity / Top Line.
- Identify innovative methods working with the relationship to enhance penetration of the database.
- SM Review Mechanism to have 40% Activation with 2 Case/Active @50K ATS to be focused.
- Ensure Product Mix – Trad 50% : ULIP 40% : Term 10%.
- Provide inputs for new products & sales pitch, based on an in-depth understanding of Channel needs.
- Identify training needs for the in-house and channel partner team.