Branch Manager - Agency Sales

Tata AIA Life Insurance

  • Phagwara, Punjab
  • Permanent
  • Full-time
  • 2 months ago
Job Description:Job DescriptionA Position OverviewPosition TitleBranch ManagerDepartmentBusiness Associate ModelLevel/ Band401/ManagerRole Summary:
  • Responsible for achieving business targets for the branch through building a sustainable and productive distribution force.
  • Manage smooth business functioning, and successful implementation of various tactical and strategic business initiatives as other key responsibilities.
  • Effective management of sales managers in the office leading to creation of a cohesive business unit along with other functional representatives in the branch to create a robust and successful business unit.
  • Manage team of business associate manager and business associates
  • Drive distribution engagement through choreography and training
  • Work on cross sell and upsell campaigns and drive distribution for maximizing sales
  • Ability to track local competition and align monthly business activities to achieve sales objectives
  • Drive productivities of emplyees and distribution
B Organizational RelationshipsReports ToCluster HeadSupervisesBusiness Associates ManagersC Job DimensionsGeographic Area CoveredInternal StakeholdersBusiness Associates ManagersAgency Sales TrainingBranch OperationsDistribution OperationsExternalBusiness Associates/Advisors/CustomersD Key Result AreasOrganization ProcessKey ContributionsStrategic Business Development
  • Identify potential catchments areas and develop distribution in them
  • Build Distribution through business associates
Business Development
  • Drive recruitment of BAs through the BAMs
  • Drive recruitment initiatives through activities and through BAs Drive Growth in Distribution through NAAFs, NLAs and New BAs
  • Drive growth in business through Agent Activity, Case Size and Case Rate of the branches individually and the Region as a whole
Team Management
  • Coach, Train and support the reporting Managers
  • Monitor and review their performance
  • Lead by example in all spheres and direction setting
  • Review and track the growth of managers to ensure that they achieve their individual budget
  • Maintain utmost levels of responsiveness to requirements from the Cluster Head/ DOAs and National Head
Ensure Compliance
  • Ensure compliance to internal sales process & other compliance standards
MIS & Reporting
  • Maintain required trackers & reports to be submitted to various stakeholders
Risk
  • Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes.
E Skills RequiredTechnical
  • Product/Subject matter expertise
  • Team Management skills
  • Mentoring skills
  • Business perspective & planning
  • Performance Management skills
  • Insurance industry awareness
  • Interviewing skills
  • Self management
  • Problem solving skills
  • Peer level co-ordination and influencing skills
BehavioralEssentialDesiredInterpersonal skillsCommunication skillsCreative thinking skillsSupervising/Leadership skillsTeamwork SkillsInfluencing skillsRelationship Building skillsDecision making skillsF CompetenciesBusiness Acumen and Strategic Orientation(Ability to align with the organization's vision with a fair understanding of the insurance industry, regulations, financial markets and the agency business model in order to deliver profitable and sustainable business growth.)Reviews and works towards productivity enhancement of the Business Associate Manager. Has an in-depth understanding of one's own and team goals and drives the team to achieve the desired targets. Demonstrates a good understanding and focuses on the profitability and viability of the branch through drive of profitable product mix.. Ensures and actively monitors the involvement of the branch employees in Choreography. Develop in-depth understanding of BA model, BA compensation and Agent commission.Building and Managing Relationships(The capability to initiate, nurture, maintain and manage business relationships with various stakeholders (internal and external) to achieve the desirable outcomes)Directly conveys own thoughts on how things should be done and ensures subordinates feel comfortable to share their views. Shares relevant ideas/ information/views openly and directly and assumes different roles in a team to enable team performance. Effectively communicates and cascades various business initiatives to downline in order to drive business results. Sets boundaries for subordinates within which they decide the best course of action to meet customer needs. Builds and maintains effective relationships with high performing and capable distributors for business growth. Networks across geography and channels to expand distribution.People Development(Focus on identifying, developing, recognizing high potentials and building the high performing distribution in order to help individuals and teams, maximize their potential to achieve the business goals)Gives team members opportunities to practice new skills and capabilities. Coaches based on developmental need of self, individuals and distribution. Is constantly in touch with team and distribution and effectively cascades key business highlights. Focus on development through structured choreography approach. Is able to adapt person -specific approach while dealing with various team members. Encourages recognition and rewards based on meritocracy and achievements.Drive for Results and Agility (Building an achievement orientation, with extraordinary levels of energy and efforts while being accountable for one's actions and decisions in an agile environment)Reviews performance against goals and takes effective action to achieve them. Synergizes high performance oriented systems and processes to yield the desired results with agility. Sets clear expectations with the team to deliver performance oriented goals. Takes responsibility of one's own and teams decisions and actions. Communicates consistently with the team members and motivates team members for target achievement.G Incumbent CharacteristicsEssentialDesiredQualificationGraduatePG / MBAExperience7 -10 years Sales management in Life InsuranceAbout Company:Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of Rs. 2,692 crore for the financial year 2019-20. For the same period, the 13th month persistency of the company was at 89.10% and, the individual death claims settlement ratio was 99.06%. One of the fastest growing companies in the Life Insurance sector, Tata AIA Life is now ranked at no. 5, based on individual weighted new business premium.

Tata AIA Life Insurance