Assistant Manager - Agency Business Associates

Assistant Manager - Agency Business Associates

Tata AIA Life
3-6 years
Not Specified

Job Description

Role description

Job Description
Position Overview
Position Title: Business Associate Manager
Department: Business Associate Model - Agency Sales
Level/ Band: Assistant Manager / Manager
Role Summary: Identify, recruit and build a team of business associates and advisors to drive business objectives on a month on month basis, as per the standards laid down by the organization from time to time.
Organizational Relationships
Reports To: Branch Manager
Supervises: NA
Job Dimensions
Geographic Area Covered: Defined Branch Stakeholders - Internal: Agency Sales Training,Branch Operations, Distribution Operations.

Key Result Areas - Recruit Business Associate and advisors - Coordinate for the regulatory trainings - Manage daily, weekly and monthly choreography - Conduct daily, weekly and monthly Business Associate meetings - Income and Goal setting exercise for the month - Joint field work along with business associates and advisors to source insurance policy - Drive business submission and issuances - Clearence of pending cases for documentation and medicals as a part of the issuance process - Train distribution on getting higher first time right % submission - Achieve monthly objectives and targets - Motivate advisors and business associates for various contest and sales enablers - Daily update about the status of business and applicability in contest - Maintain healthy relationship with all stakeholders like customers and distributors - Work on opportunity of cross sell and upsell - Focussed effort to drive renewal premium collection.
. Business Acumen: (Ability to align with the organization's vision with a fair understanding of the insurance industry, regulations, and the agency business model in order to deliver month on month business objectives. 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. Need to develop fair understanding of BA model, leader compensation and Agent commission.
. Building and Managing Relationships: (The capability to identify, recruit and nurture, business associates and advisors and then maintain relationships with various stakeholders (internal and external) to achieve the desirable outcomes). Empathizes and supports distribution every possible way and drive them for higher productivities by managing their choreography and other engagement methods. Responds to 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.

Skills Required
Technical Good Knowledge of MS Office / MS Excel
Essential . Drive for result (achievement of targets) . Communication skills . Teamwork Skills . Influencing skills . Relationship Building skills
Desired . Creative thinking skills
Incumbent Characteristics
Qualification: Graduate
Qualification: MBA / PG
Experience: 7 -10 years sales management experience.
Experience: 3 to 4 years insurance industry exposure.

Job Details

Employment Types:



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.

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