Territory Manager

Niva Bupa Health Insurance; Mumbai Suburban; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A health insurance provider in Mumbai is looking for a Territory Manager to manage the South Zone operations. Responsibilities include driving sales, improving customer service, and ensuring effective collaboration with bank partners. The ideal candidate will have strong experience in sales and operational strategy within the insurance sector. This full-time role requires leadership in team management and performance improvement.

Qualifications

• Experience in managing a sales team and regional operations.
• Strong analytical skills to improve customer service and claims.
• Ability to drive sales and achieve targets through partnerships.

Responsibilities

• Manage entire South Zone operations for top-line and bottom-line growth.
• Identify opportunities for improvement across customer service and underwriting.
• Facilitate implementation of operational strategy aligned with distribution.

Skills

Customer Service Improvement

Operational Strategy

Relationship Management

Training and Development

Business Review Initiatives

Job description

Overview

Position: Territory Manager. Location: West. Department: Bancassurance. Reporting Manager: Regional Sales Manager. Offered Grade: M6.

About Niva Bupa Health Insurance

Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) is a joint venture between Fettle Tone LLP (an affiliate of True North Fund VI LLP), a leading Indian private equity firm, and the Bupa Group, a leading international healthcare company with a legacy of providing specialized healthcare services for over 70 years.

Niva Bupa’s growth story has been phenomenal. We are one of the fastest growing Stand Alone Health Insurers in the country with a current employee strength of 7000+ with growth rate of 154% since FY 20 and growing. We are a fully integrated health insurance provider with in-house claims processing; underwriting and servicing. Our goal is to achieve more than 10000 Cr GWP By 2027 & thus requires goal oriented individuals to be a part of this exciting growth journey to achieve it.

Niva Bupa is certified Great Place to Work for the 3rd year running and aims become one of the best workplaces in the BFSI industry.

Niva Bupa is an Equal Opportunity Employer committed to achieving diversity within its workforce, and encourages all qualified applicants to apply, irrespective of gender, age, sexual orientation, disability, culture, religious and ethnic background. At Niva Bupa 12% of our team handling roles are led by women. We welcome specially-abled professionals to join our team.

ESG: Supporting action to protect, restore and regenerate local environments for the benefit of our customers our people, our communities and wider society

For more Details visit our website- www.nivabupa.com

Our Purpose

At Niva Bupa, our purpose is “to give every Indian the confidence to access the best healthcare”

Our Values

• Commitment
• Innovation
• Empathy
• Collaboration
• Transparency

Key Roles & Responsibilities

Primary Role Description: Managing entire South Zone, ensuring Top line and Bottom line with Bank Partner, Engagement with Bank Zonal and below Leadership for Business and other KRA. Ensuring direct reporting for achieving their KRA.

• Identify opportunities of improvement across customer service, underwriting and claims
• Ensure robust MIS architecture (Pre sales/ Post sales)
• Co-create operational strategy for the region in alignment with the distribution strategy
• Facilitate implementation in line with company’s distribution strategy; assist in building relationship in the region; review performance periodically & engage with the partner, assist in establishing specifications of operations: collaborate with operations & other functions, establish operations: monitor & recommend continuation / discontinuation of products, thereby build revenue and profitability.
• Build common agenda & scorecard with the key team members of the region; review performance & engage with key management of the partner in the region to address deviations from the plan in order to realize potential sales.
• Interact with region’s key management members on a frequent basis; follow the engagement matrix; take business review initiatives along with partner & build review mechanisms; handle escalated issues; supervise; responsible for closure of grievance in order to ensure smooth functioning & high productivity in the region & continuous improvement in revenues through the relationship.
• Suggest reward & recognition platforms for bank partner’s employees.
• Lead in implementation and monitoring of R&R activities; monitor performance of sales promotions; encourage reapplications of good promotions in order to maximize the utilization of marketing spends to increase revenues
• Collaborate with the training department to deploy programs to achieve & exceed training standards; support the training team in identification & certification of trainers & the delivery of training man days as per standards in order to build capacity.
• Lead the plan for recruitment & retention of the sales force in the region; lead in implementing Rewards & recognition activities for the region; role model required leadership competencies & coach subordinates in order to develop a robust sales force for building the pipeline within the relationship & realize potential sales from partner in the cluster.
• Meeting with Channel Partner and driving the KRA and key Vectors
• Drive direct reportees of FOS for monthly Target and other Key Vectors

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Sales and Business Development
• Insurance