Relationship Manager - Latur

Birla Carbon; Latur; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Birla Carbon is seeking a Relationship Manager in Latur to manage relationships, acquire new clients, and drive sales targets. This role involves ongoing sales execution from defined relationships and profiling distributors to enhance business.

The ideal candidate will have proven experience in relationship management, strong sales skills, and an analytical approach to market trends. The position requires regular engagement with distributors to ensure compliance and address service-related issues swiftly.

Qualifications

• Proven experience in managing client relationships.
• Strong sales and negotiation skills.
• Ability to analyze market trends and data.

Responsibilities

• Manage relationships and achieve sales targets.
• Conduct meetings and training sessions with distributors.
• Ensure compliance with internal reporting systems.

Skills

Relationship management

Sales targeting

Market analysis

Distributor engagement

Job description

Relationship Manager - Latur

Designation :

Job Description:

Job Purpose

This role is responsible for managing a set of relationships, acquisition of new relationships and driving achievement of the sales target expected from the relationships.

Organisation Context

Established in 1994, Birla Sunlife Asset Management Company, (BSLAMC) is a joint venture between Aditya Birla Group and Sunlife Financial Inc., a leading international financial services company in Canada.

BSLAMC is a fund manager for Birla Sunlife Mutual Funds and currently ranks as the fourth largest fund Management houses in India with a total Average AUM base of over INR 1 Lakh 40 Thousand Crores (as on Dec 2015). Out of the 42 fund houses in the country, BSLAMC ranked 1st in Fixed Income AUM and 5th in Equity AUM category respectively. As of December 2015, the Average AUM market Share of the organisation was approx 10.2%. The company grew its investor client base by 20% to about 2.42Mn from 2.01Mn from the previous year, thereby bagging a second position in this category.

Distribution Network: BSLAMC has a footprint in 150 locations across the country with approx 45,000 IFAs, 190 National Distributors & 85 banking partnership. BSLAMC also has its offshore presence through its rep offices in Singapore, Dubai & Mauritius. The employees strength of BSLAMC is approx. 1000 employees (Onrolls and Associates as on Dec 2015). BSLAMC has a customer base of approx. over 2.5 million customers as on Dec 2015 with total gross sales of approx. 8.8 lac Crores.

The Company follows a long term, fundamental research based approach to investment and thrives to provide a transparent and ethical services to its investors.

One of the key challenges for BSLAMC has been to maintain a balance between moving with dynamic and constantly changing regulatory norms of the country and maintaining growth and profitability in the extremely competitive market. And some of key strengths of the organization that have helped it to sustain and grow are:

• Focus on Technology – The organization has been in the forefront in implementing technological innovation to foster innovation and also to improve efficiency for its stakeholders, whether it is employees, clients or distributors.
• Product Innovation – BSLAMC has been known to be a pioneer in terms of products and has a history of launching innovative, category defining products like Birla Cash plus, etc.
• Research based approach – BSLAMC has one of the largest team of research analyst dedicated to tracking down the best companies to invest in.
• Strong Distributor Delivery Mechanism – The Company has developed a 4-pronged sales/delivery mechanism to ensure maximum reach and penetration to the end customers. This mechanism includes Company’s direct Channels (branches/online), Independent Financial Advisors (IFAs), National Distributors (ND) and Banks.
• Regulator Interface – BSLAMC plays a key role in the Association of Mutual Funds in India (AMFI) with quite a few members of the top management being a part of the AMFI Board. It has hence ensured that it can discuss any new Industry development from a regulatory perspective at the initial stages with the Regulator as well as the Industry Association.
• People Management – BSLAMC believes in continuously measuring the perception of its people using a 4-S approach, namely Satisfaction, Say, Stay and Strive, which has enabled it to garner a workforce committed and aligned to the overall business success.

Key Challenges for the role are as follows:

• Creating top-of-mind recall for BSLAMC schemes from extensive bouquet of products available with distributor base.
• Constant update of market information about distributors and knowledge of trends and information in very dynamic market conditions.
• Ensuring that all service related issues of investors are sorted out within a quick turnaround time.

Key Result Areas

1. Retail Sales Execution

Drives ongoing sales from the defined relationships and contribute towards region's achievements.

Obtains and analyzes information from market to identify new clients, makes direct pitches, liaises with channel partners to increase sales.

Profiles distributors and caters to their requirements to ensure ongoing business from them.

Ensures targeted number of folios are added and achieves targeted amount of new SIPs.

2. Distributor Empanelment & Engagement

Conducts regular meetings and contact with the distributors.

Undertakes empanelment and activation of distributors.

Disseminates updates and other product related information in timely manner.

Organizes and executes trainings and engagements for partners.

3. Reporting and Compliance

Ensures 100% compliance with internal reporting & audit systems.

Provides weekly reports to Regional Heads and Channel Heads.

Updates sales portal with requisite information to facilitate information collation and analysis.

Undertakes installation of advertising and publicity materials for brand visibility.

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