Agency Sales - Business Associate Manager - Delhi - Pusa Road

Agency Sales - Business Associate Manager - Delhi - Pusa Road

Tata AIA Life
3-6 years
800000 - 850000 INR

Job Description


Role description
Technical Skills Required: Good Knowledge of MS Office / MS Excel
Role Summary: Strengthens distribution by identifying potential leaders and ensures compliance to all internal processes and other compliance standards as set by the Company or the Regulator
Geographic Area Covered: Defined Branch
Stakeholders Internal: Agency Sales Training/Branch Operations/Distribution Operations
External: BAs and Advisors
Key Result Areas
Strengthen distribution by identifying potential leaders
Support and manage the BAs in Recruitment & Training of Advisors.
Manage Advisor career progressions and create a pool of Premier Advisors
Ensure Retention of Advisors by constantly engaging with them and their leaders
Drive profitable business by maintaining the desired product mix as prescribed by the company from time to time
Drive growth in New Business Premium (NBP)
Ensure good quality of business by ensuring collection of modal FYP as well as Renewal Premiums
Coach, Train and support the reporting managers (if any) as well as monitor and review their performance on a regular basis
Ensure compliance to all internal processes and other compliance standards as set by the Company or the Regulator.
Participate in risk mitigation plans, contingency planning, and business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes.
Competencies
Business Acumen and Strategic Orientation
Has a fair understanding of own role and utilizes required skills and knowledge in one's own area of work to meet targets. Has a fair knowledge about company and competitor's products.Has a fair knowledge of the insurance industry, regulations and financial markets Understands the requirements of the customer and consumer to facilitate need based selling and empha on selling solutions.Has a fair understanding of BA model, leader compensation and Agent commission.
Building and Managing Relationships
Empathizes and supports team members in every possible way and voices one's view on own or related area of work.Responds to complex queries from distributors and internal customers and keeps superiors informed about own actions and their context.Builds and maintains healthy relations with the distributors and internal customers to ensure seamless execution.Builds positive and reciprocal relationships that benefit the function.Acts to understand and respond appropriately to the concerns of others demonstrates openness and receptivity to new information.Builds and maintains strong network in the market / industry to expand distribution and maximize business.
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)
Empathizes and supports team members in every possible way and voices one's view on own or related area of work.Responds to complex queries from distributors and internal customers and keeps superiors informed about own actions and their context.
Builds and maintains healthy relations with the distributors and internal customers to ensure seamless execution.
Builds positive and reciprocal relationships that benefit the function.
Acts to understand and respond appropriately to the concerns of others demonstrates openness and receptivity to new information.
Builds and maintains strong network in the market / industry to expand distribution and maximize business.
(Focus on identifying, developing, recognizing high potentials and building the leadership pipeline in order to help individuals, teams and the distribution, maximize their potential to achieve the business goals)
Builds a scientific and methodical recruitment engine to facilitate the right kind of Talent within the distribution and own team.Sets clear direction and gives step-by-step guidance to distributors in order to facilitate their journey through the learning curve.Builds others confidence and motivates team members to perform their jobs.Holds regular discussions with distributors to identify skill gap and conducts coaching sessions.Act as an enabler for the distributor within one own function / geography and is able to think for future course of action to build a strong and premier distribution channel.
Dealing with Ambiguity (Can effectively cope with change and shift gears when required with the ability to decide and act comfortably handles risk and uncertainty)
Understands, accepts and supports change at one's own level.Identifies key aspects of the issue and seeks clarification from superiors.Handles most pressure situations and problems with a sense of urgency for task completion.Applies conflict resolution skills to de-escalate, defuse, and/or resolve differences.
Seeks details of possible changes and estimates the impact in one's own function / area of work. Conceptualizes, plans and implements change at one's own activity level. Handles pressure situations and problems appropriately and is able to prioritize issues.Persuasive and clear presentation of ideas to convince others and to gain acceptance of proposals/ plans.Aligns oneself to the changing business environment and communicates plan of action.
People Development
Builds a scientific and methodical recruitment engine to facilitate the right kind of Talent within the distribution and own team.Sets clear direction and gives step-by-step guidance to distributors in order to facilitate their journey through the learning curve.Builds others confidence and motivates team members to perform their jobs.Holds regular discussions with distributors to identify skill gap and conducts coaching sessions.Act as an enabler for the distributor within one own function / geography and is able to think for future course of action to build a strong and premier distribution channel.
Innovation
Is open minded when presented with a new perspective.Applies new information to work problems and situations.Recognizes when a situation calls for or can be improved by an approach different from the usual.Is able to deliver business results by being creative in approaching, dealing and addressing needs of customer and consumers.Seeks out ways to make a difference in one's own area of work continuously.
Drive for Results and Agility
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.
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Job Details

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.

Job Source : tataaia.ripplehire.com

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