Tezzract - Program Manager - Sales Strategy/Sales - Bancassurance - Life Insurance

Role Summary:

- To liaison with the heads of tele verticals at the Bank and our zonal teams to ensure business numbers are achieved.

- To ensure achievement of vertical sales targets, optimal market coverage, realize any market segment objectives and ensure optimal market penetration in any specified segments.

- To plan resource allocation and be responsible for financial viability of the vertical.

- To device strategy with the Zonal Heads of Tata AIA to ensure the regional objectives of Partner are achieved.

- To ensure that the sale behavior, sales ethics and sales practices of the sales team comply with company standards and regulations

- To closely work with the channel head to design sales strategies and initiatives that will cause improvement of sales performance across business.

Strategic Business Development:

- The role holder will lead the relationship in the Tele vertical of bank at a national level.. He shall have the overall responsibility for planning and executing the P&L for the vertical.

- It involves, managing all aspects of Sales & Distribution; delivering on sales numbers as per rolled out plan; exceed customer expectations (both for the partner & end customer) and service standards; implement business strategies to maximize profitability and provide guidance to the channel to build sustainable insurance sales models for the vertical.

- The job holder needs to drive the company's sales strategy through Regional Managers/Area Managers by translating the strategic plan into specific actionable in alignment with channel head's direction.

- Ensure all business expenses and employee costs are within budgets as approved by the Board and in line with the desired Cost Income ratios for the region.

- The job holder needs to constantly source, develop and grow channels relationships in a highly competitive market.

Business Development:

- To establish and expand operations within all verticals

- Achieve pre-set business targets on ANP, case count, active branch, active sales staff and various KPIs for the Zone for all Branch Banking vertical

- Ability to set high standards for self. Continuously improve own performance and meet or exceed objectives

- Provide support to Regional Sales Managers/ Area Managers

- To establish and build up solid healthy relationship and rapport with the senior management of the allocated Bank Branches to generate sales and achieve targets

- To Plan sales structures, recruitment and training requirements

- To establish appropriate systems and processes at the Zonal level

- To develop, agree and implement short term and long term plans to achieve sales volumes and desired product mix as set out in the business plans and financial models of the Bank partner

Team Management:

- Monitor the sales momentum on sales staff and branch level. Provide targeted coaching to uplift sales productivity.

- Conduct regular reviews of the Sales Teams and design their Development Plans accordingly

- 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 Regional / Zonal / National Head

- To develop and operate cost effective yet motivating reward and remuneration structures for sales personnel

- To ensure high levels of retention, productivity and persistency 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 relationship

MIS & Reporting

- Maintain required trackers & reports to be submitted to various stakeholders

- Conduct Business Analytics and take corrective measures

Risk

- Own-up' the risk of the function by developing a risk aware culture through participation in measurement, analysis and mitigation of risks associated with the respective function.

- This includes development of risk response processes, participation in contingency and business continuity programs and reporting of emerging risks with potential impacts.

- Also respond to risks highlighted by employees through formal / informal mechanisms and advice on various risk management issues within the organization and provide feedback. Participate in implementing risk mitigation plan through optimum resource allocation, monitoring and reporting on status.

Qualifications: PG/ MBA

Experience: 12 - 15 Sales years

Life Insurance Background