Zonal Head - OEM

Magma Hdi General Insurance; New Delhi; On-site; INR 6,000,000 - 9,000,000; Full time

Job summary

Magma Hdi General Insurance seeks a senior OEM Sales leader to drive profitable growth through strategic OEM partnerships in the Delhi region. The role focuses on building tiered relationships with automobile manufacturers, dealer networks, and channel partners to expand premium income and market share.

You will oversee regional sales teams, negotiate with OEM partners, and lead initiatives to enhance dealer activation, training, and digital adoption.

Qualifications

• MBA / PGDM preferred
• Graduate in any discipline from a recognized university
• 10-15 years of experience in General Insurance, Bancassurance, Automotive Finance, OEM, Dealer Distribution, or Channel Sales

Responsibilities

• Drive OEM insurance business across the assigned zone in line with organizational targets.
• Develop and execute zonal business plans to maximize premium growth and market penetration.
• Identify new business opportunities within OEM and dealer ecosystems.
• Drive cross-sell and upsell opportunities across insurance product lines.
• Monitor business mix, profitability, and channel productivity.
• Build and maintain strong relationships with OEM leadership teams, regional stakeholders, and dealer principals.
• Ensure seamless coordination with OEM partners to enhance business performance.
• Resolve escalations and maintain high levels of partner satisfaction.
• Conduct periodic business reviews with key dealer and OEM accounts.
• Drive dealer onboarding, activation, and productivity enhancement initiatives.
• Develop engagement programs to strengthen dealer relationships.
• Ensure effective implementation of sales campaigns and incentive programs.
• Promote adoption of digital tools and processes across dealer networks.
• Lead training initiatives for dealer staff, relationship managers, and zone teams.
• Ensure product, process, and compliance awareness across the OEM channel.
• Develop capability-building programs to improve sales effectiveness.
• Drive renewal business and retention strategies across the zone.
• Monitor renewal performance and implement corrective actions to improve persistency.
• Collaborate with operations and service teams to enhance customer experience.
• Lead, coach, and mentor regional OEM sales teams.
• Set performance objectives and monitor team productivity.
• Drive a high-performance culture through regular reviews and development initiatives.
• Analyze business trends, dealer productivity, and channel performance metrics.
• Prepare and present zonal business reviews and management reports.
• Ensure adherence to regulatory, compliance, and organizational governance standards.
• Track key KPIs including premium growth, dealer activation, conversion ratios, renewal retention, and profitability.

Skills

Strategic Business Planning

OEM & Corporate Relationship

Sales Leadership

Dealer Network Development

Negotiation & Influencing

Stakeholder Management

Business Analytics & Reporting

Team Management

Compliance & Governance

Education

MBA / PGDM

Graduate in any discipline

Job description

Role Purpose

To drive profitable business growth through OEM partnerships across the assigned zone by developing strategic relationships with automobile manufacturers, dealer networks, and channel partners. The role will be responsible for business acquisition, dealer performance enhancement, revenue growth, renewals, stakeholder management, and leading regional OEM sales teams.

Key Responsibilities

1. Business Growth & Sales Management

• Drive OEM insurance business across the assigned zone in line with organizational targets.
• Develop and execute zonal business plans to maximize premium growth and market penetration.
• Identify new business opportunities within OEM and dealer ecosystems.
• Drive cross-sell and upsell opportunities across insurance product lines.
• Monitor business mix, profitability, and channel productivity.

2. OEM & Dealer Relationship Management

• Build and maintain strong relationships with OEM leadership teams, regional stakeholders, and dealer principals.
• Ensure seamless coordination with OEM partners to enhance business performance.
• Resolve escalations and maintain high levels of partner satisfaction.
• Conduct periodic business reviews with key dealer and OEM accounts.

3. Dealer Development & Engagement

• Drive dealer onboarding, activation, and productivity enhancement initiatives.
• Develop engagement programs to strengthen dealer relationships.
• Ensure effective implementation of sales campaigns and incentive programs.
• Promote adoption of digital tools and processes across dealer networks.

4. Training & Capability Building

• Lead training initiatives for dealer staff, relationship managers, and zone teams.
• Ensure product, process, and compliance awareness across the OEM channel.
• Develop capability-building programs to improve sales effectiveness.

5. Renewal & Retention Management

• Drive renewal business and retention strategies across the zone.
• Monitor renewal performance and implement corrective actions to improve persistency.
• Collaborate with operations and service teams to enhance customer experience.

6. Team Leadership & People Management

• Lead, coach, and mentor regional OEM sales teams.
• Set performance objectives and monitor team productivity.
• Drive a high-performance culture through regular reviews and development initiatives.

7. Performance Monitoring & Governance

• Analyze business trends, dealer productivity, and channel performance metrics.
• Prepare and present zonal business reviews and management reports.
• Ensure adherence to regulatory, compliance, and organizational governance standards.
• Track key KPIs including premium growth, dealer activation, conversion ratios, renewal retention, and profitability.

Key Performance Indicators (KPIs)

• Gross Written Premium (GWP) Growth
• OEM Channel Revenue Achievement
• Dealer Activation & Productivity
• Renewal Retention Ratio
• Market Share Growth
• Profitability of OEM Portfolio
• Partner Satisfaction Scores
• Team Productivity & Target Achievement

Desired Candidate Profile

Education

• MBA / PGDM preferred.
• Graduate in any discipline from a recognized university.

Experience

• 10-15 years of experience in General Insurance, Bancassurance, Automotive Finance, OEM, Dealer Distribution, or Channel Sales.
• Minimum 5 years of team management experience.
• Strong exposure to OEM partnerships and dealer network management.

Key Competencies

• Strategic Business Planning
• OEM & Corporate Relationship Management
• Sales Leadership
• Dealer Network Development
• Negotiation & Influencing Skills
• Stakeholder Management
• Business Analytics & Reporting
• Team Management
• Compliance & Governance Orientation

Preferred Industry Background

• General Insurance
• Motor Insurance
• Automotive OEM Distribution
• Automobile Financing
• Insurance Broking and Dealer Channel Sales