Area Manager- IMF

3 weeks ago


Nagpur, Maharashtra, India timesjobs Full time

Job Summary:
Implement the strategy to setup and develop the IMF Channel in the designated territory. Setup and manage a pool of

10-15 Insurance Marketing Firms managing a revenue stream of around 2 cr.

Key Responsibilities/ Key Deliverables:
Understand the IMF regulation, value proposition & registration process

Independently implement the IMF acquisition plan in the territory

o Identify potential leads and sources for prospective IMFs, coordinate with HO for referred leads

o Connect with prospects & organize seminars for IMF acquisition

o Ensure conversion of leads through effective pitch of IMF value proposition

Ensure quality of IMFs in sync with desired profile

Enable the setup of IMF of agreed prospects

o Understand all regulatory requirements and manage the IMF registration process with IRDA

o Oversee technology support to enrolled IMFs

Ensure seamless contracting of IMFs with Max Life

Manage performance of setup IMFs in steady state

o Develop understanding of products & coach IMF staff on product USPs

o Implement a performance management and rewards system

o Drive IMF profitability through improving productivity of IMFs sellers & controlling cost of sales

o Provide marketing, training and operational support to IMFs

o Manage attrition of IMFs through revival or replacement

Drive quality of business sourced from IMFs

o Ensure right product mix and control key quality measures such as leakage and persistency

Measures of Success:
IMF Acquisition

Revenue

IMF Activity & Retention

Quality of Business

Job Specifications:

Educational Background:
Preferably a graduate

Work Experience:
At least 5-6 years of experience in Sales & Distribution, Key Account Management

Additional Information (Optional):
Key Relationships

Nature of the Role

Presence

Commercial Aspect

Cross Functional Skills
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