Workstation Specialist - VRM - IDFC First Bank

Tata AIA Life Insurance

  • Hyderabad, Telangana
  • Permanent
  • Full-time
  • 2 months ago
Job Description:Job DescriptionA Position OverviewPosition TitleVirtual Relationship Executive (Work Station Specialist) BancassuranceDepartmentPartnership DistributionLevel/ BandAsst ManagerRole Summary:The Job holder will need to engage with internal sales team along with the Channel Partner to drive Insurance Sales through a combination of field sales support and business development activitiesB Organizational RelationshipsReports ToVRM Work Station ManagerSupervisesNAC Job DimensionsGeographic Area CoveredNationalInternal StakeholdersTrainingChannel MarketingBranch OperationsProduct ManagementDistribution OperationsExternalChannel PartnerD Key Result AreasOrganization ProcessKey ContributionsStrategic Business Development· Delivery of a profitable & sustainable business model· The role holder should have the ability to achieve goals, efficiently execute target plans aligned with choice priorities· To execute key priorities, Implements and execute plans constantly to track progress to accomplish desired goals.· To be able to multitask and balance competing priorities effectively, understands the value of time and is able to get more done in less time than others, is able to do significant value addition in driving organization goalsSales & Compliance Management· To achieve channel targets : Achieve Premium targets as per rolled out channel plan· To achieve VRM Activation Targets:· To create healthy pool of lead generation across VRM Teams· Ability to set high standards for self. Continuously improve own performance and meet or exceed objectives· Provide support to VRM at a ground level, Make joint field calls to achieve targets· Do timely submission, pendency resolution and Issuance· Focus on lead generation and sales· Should have through knowledgeable of product, industry norms, financial markets, regulatory norms, channels, emerging trends, new developments· Should be able to apply the knowledge to enhance business prospects, understand problems and provides proactive solutions basis his specialized knowledge· Should be process & product champion· Ensures adherence to policies and procedures follow compliance· Maintain and observe Company’s internal control standards, implement and observe the Company’s Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators.Relationship Management· Building & Leveraging Relationships: Being able to connect with people naturally, show genuine concern for others,· Focuses on meeting customer needs both internal and external, able to persuade & influence outcomes without direct controls· Develops networks and builds alliances with wide range of stakeholders to facilitate “win-win” situations· Leveraging existing relationships well and is mature in creating strong personal rapport and build long lasting relationshipE Skills RequiredTechnical
  • Product/Subject matter expertise
  • Business perspective & planning
  • Performance Management skills
  • Finance / Insurance industry awareness
  • Self management
  • Problem solving skills
  • Peer level co-ordination and influencing skills
BehavioralEssentialDesiredInterpersonal skills·About 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