Key Account Manager

4 weeks ago

new delhi, India Tata AIA Life Insurance Full time

Job Description

A PositionOverview

Position Title

Relationship Manager - IDFC First Bank

Department

Partnership Distribution

Level/ Band

301

Role Summary:

The Jobholder will need to engage with internal sales team along with the ChannelPartner to exhibit leadership to drive Insurance Sales through a combination ofcoaching, training, field sales support and business development activities

B OrganizationalRelationships

Reports To

Cluster Manager

Supervises

Bank Urban banking team

C Job Dimensions

Geographic Area Covered

Urban Branch Location

Internal Stakeholders

Training

Channel Marketing

Branch Operations

Product Management

Distribution Operations

External

Channel Partner

D Key Result Areas

Organization Process

Key Contributions

Strategic Business Development

·Delivery of a profitable & sustainable business model

·The role holder should have the ability to achieve goals, efficiently execute target plans aligned with choice priorities

·To plan target achievement, execute key priorities, allocates resources efficiently,

Implements and monitors plans constantly to track progress to accomplish desired goals.

·To be able to multitask and balance competing priorities effectively, understands the value of time and is able to get more done in less time than others, is able to do significant value addition in driving organization goals

 Sales & Compliance Management

·To achieve channel targets : Achieve Premium targets as per rolled out channel plan

·To achieve IDFC branch LG/ SP Activation Targets: To track LG productivity on a weekly basis & track Input parameter like leads

·To create healthy pool of lead generation across branch staff

·Ability to set high standards for self. Continuously improve own performance and meet or exceed objectives. Make joint field calls and motivate them to achieve targets.

·To be a Domain Expert: knowledgeable of product, industry norms, financial markets, regulatory norms, channels, emerging trends, new developments

·Should be able to apply the knowledge to enhance business prospects, understand problems and provides proactive solutions basis his specialized knowledge.

·Ensures adherence to policies and procedures to cultivate a compliance culture in the team.

·Maintain and observe Company’s internal control standards, implement, and observe the Company’s Compliance Policy.

Relationship Management

·Building & Leveraging Relationships: Being able to connect with people naturally, show genuine concern for others,

·Focuses on meeting customer needs both internal and external, able to persuade & influence outcomes without direct controls.

·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.

Team Management

·Lead by example in all spheres and direction setting.

·Review and track the growth of their individual targets.

·Maintain utmost levels of responsiveness to requirements from the Partners.

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

·Build team spirit and commonality of goal for enhancing sales.

·Liaise with colleagues across the country to impact best practices.

Risk Management

‘Own-up’ the risk of the function by developing a risk aware culture throughparticipationinmeasurement,analysisandmitigationofrisksassociatedwiththerespectivefunction.Thisincludesdevelopmentofriskresponseprocesses,participation in contingency and business continuity programs and reporting ofemerging risks with potential impacts.Also respond to risks highlighted byemployees through formal / informal mechanisms and advice on various riskmanagement issues within the organization and provide feedback.Participate inimplementingriskmitigationplanthroughoptimumresourceallocation,monitoringandreportingonstatus.

E SkillsRequired

Technical

Product/Subject matter expertise Business perspective & planning Relationship building to closure Finance / Insurance industry awareness

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