HDFC-BB-Cluster Manager-Ratlam

Aditya Birla Sun Life Insurance; Madhya Pradesh; On-site; INR 350,000 - 550,000; Full time

Job summary

Aditya Birla Sun Life Insurance in Madhya Pradesh seeks a results-driven Insurance Relationship Manager to originate insurance business through assigned channel partners and support pre- and post-sales activities for clients. Build sustained growth by engaging branches and relationship teams.

The role emphasizes managing bank-partner relationships, product knowledge, and timely renewals while driving achievement of quarterly targets and a strong product mix across Trad, ULIP, and Term plans.

Responsibilities

• KRA1 Achieve Targets (Premium & Revenue) in order to contribute in overall growth of the company Continuous interaction with the channel partners ( Multiple Branch Heads of the Bank)
• KRA2 Executes smooth function of the sales and other processes in order to maximise business potential. Communicate any process change or change in any rules and regulations by the help of different training module.
• Ensure that actual sales and service aspects including sales calls, issuance and complaint handling are carried out without any blocks
• KRA3 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 desire outputs.
• KRA4 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 FLS Review Mechanism to have 40% Activation with 2 Case / Active @ 50K ATS to be focused Ensure Product Mix - Trad 50% : ULIP 40% : Term 10% 15% Business More than TATA Provide inputs for new products & Sales Pitch, basis an in-depth understanding of Channel needs Identify training needs for the in-house and channel partner team
• KRA5 Execute the right method of business acquisition in order get the profitable mix for the organisation Scrutinise the business on regular basis and give the relevant information to superiors Interact with the customers through welcome calls
• KRA6 Achieve Persistency targets as per the company norms so that renewals take place on time Communicate with customers and resolve queries as and when required to ensure that renewal takes place on time

Job description

Job Purpose

To derive Insurance Business from assigned Relationship/Channel partner in an area or zone, to convince the relationship so they can convince their customer to invest in Birla Sunlife Insurance. To ensure all the pre and post sales support and services to the relationship as well as to the clients along with the team dedicated to the relationship. Ensure not only achieving the target but also to make sure there is a consistent growth in the business every quarter.

Job Context/Job Challenges

Key Challenges for the role-

Job Purpose

To derive Insurance Business from assigned Relationship/Channel partner in an area or zone, to convince the relationship so they can convince their customer to invest in Birla Sunlife Insurance. To ensure all the pre and post sales support and services to the relationship as well as to the clients along with the team dedicated to the relationship. Ensure not only achieving the target but also to make sure there is a consistent growth in the business every quarter.

Job Context & Major Challenges

Key Challenges for the role-

Market Volatility as BSLI predominantly sell unit linked policies

High dependency on third party/relationships who may have their own priorities so alignment is the key.

Balancing between the process requirement and expectations of the Channel partners

KRA (Accountabilities) (Max 1325 Characters)

• KRA1 Achieve Targets (Premium & Revenue) in order to contribute in overall growth of the company Continuous interaction with the channel partners ( Multiple Branch Heads of the Bank)
  Mapping all the key decision makers and ensuring that the same information is shared with the RH/ZH
  Aggressively downloading all the RnR activities running by the organisation.
  Create Innovative ways to have Branch Activities to increase the customer penetration
• KRA2 Executes smooth function of the sales and other processes in order to maximise business potential. Communicate any process change or change in any rules and regulations by the help of different training module.
  Ensure that actual sales and service aspects including sales calls, issuance and complaint handling are carried out without any blocks
• KRA3 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 desire out-puts.
• KRA4 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
  FLS Review Mechanism to have 40% Activation with 2 Case / Active @ 50K ATS to be focused
  Ensure Product Mix - Trad 50% : ULIP 40% : Term 10%
  15% Business More than TATA Provide inputs for new products & Sales Pitch, basis an in-depth understanding of Channel needs
  Identify training needs for the in-house and channel partner team
• KRA5 Execute the right method of business acquisition in order get the profitable mix for the organisation Scrutinise the business on regular basis and give the relevant information to superiors
  Interact with the customers through welcome calls
• KRA6 Achieve Persistency targets as per the company norms so that renewals take place on time Communicate with customers and
  resolve queries as and when required to ensure that renewal takes place on time