Business Development Manager

3 weeks ago

Delhi India, India RenewBuy Full time

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About the Company



Choosing RenewBuy means working in a company with solid growth prospects and building a career around the strength of technology. By joining us you can become a part of a growing team that values your opinion, ideas, and intellectual courage. We value hard workers and reward with unlimited opportunity. If one has the passion and the dream to do something different, join us.



About the Role



This role involves managing the Agency Channel and POS Development, ensuring compliance, and contributing to the overall profitability of the organization.



Responsibilities



Agency Channel /POS Development

  • Help employee for Sourcing/servicing POS Agents as per the agreed mix and policy.
  • Agency Channel/POS Development for the assigned location.
  • Coordinating with Operations team for pre-licensing, training, and licensing.
  • Conduct induction training and coordinate with sales training team for product and ongoing trainings for the respective POS.
  • Maintaining the agreed mix of new and existing agents /POS.
  • Develop and execute strategies to reach out to various market segments.


Agency Channel /POS Management

  • Monitoring Agent performance on the common variables of segment way to the market - Renewal/Fresh database, funnel, and closures.
  • Maintaining the high active percentage of POS.
  • Controlling Attrition of POS Agents.
  • Ensuring high productivity of team and POS and manage the right level of channel engagement with the POS.


Channel Servicing

  • Reconciliation of partner accounts and coordination with all the departments for the same.
  • Profitability
  • Work on various market dynamics and provide feedback for the improvement in the internal organization to cope up with the same.
  • Management of loss ratios.


Compliance & Hygiene

  • To ensure compliance with the external bodies and other authorities.
  • Ensure internal compliance.
  • Manage cheque bounce recovery and business pendency.




Qualifications



  • MBA from a business school/University degree
  • Should have a Minimum of 1+ years of experience in Insurance Agency Sales



Required Skills



  • Strong communication and interpersonal skills.
  • Ability to work in a team and independently.
  • Analytical and problem-solving skills.



Preferred Skills



  • Experience in the insurance industry.
  • Knowledge of market dynamics and trends.



Pay range and compensation package



Compensation details will be discussed during the interview process.



Equal Opportunity Statement



We are committed to diversity and inclusivity in our hiring practices and encourage applications from all qualified individuals.


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