Regional Wealth Strategist
1 month ago
Job Title: Regional Wealth Specialist
Job Summary:
This is a challenging and rewarding role that requires a strong understanding of financial services and insurance products. The successful candidate will be responsible for managing sales and business objectives, providing personalized financial advice, and identifying opportunities for growth and improvement.
Key Responsibilities:
- Manage sales and business objectives, meeting or exceeding key targets
- Provide personalized financial advice, insurance, and investment strategies to clients
- Evaluate insurance and wealth potential on existing bases
- Client meetings for portfolio balancing and wealth advisory
- Ensure achievement of sales targets with optimal market coverage
- Identify opportunities around concepts like MWPA, business insurance, legacy planning, and tax planning
- Ensure sales behavior, sales ethics, and sales practices comply with company standards and regulations
- Closely work with the channel head to design sales strategies and initiatives
Organizational Relationships:
Reports To: Zonal Sales Manager
Supervises: Direct Role
Job Dimensions:
Geographic Area Covered: Branch/Cluster
Internal Stakeholders: Training, Product Management, Marketing, Branch Operations, Distribution Operations
External: Channel Partner
Key Result Areas:
Achieve ANP targets through assigned branches:
- Achieve pre-set business targets on ANP, case count, active sales staff, and various KPIs for designated cluster
- Develop joint business and implementation plans with branch manager
- Make joint calls with bank sales team, if required during the initial months
- Accompany the bank sales team on calls with high-ticket clients
- Build up and maintain solid relationships and rapport with partner's Relationship Managers, Area Managers, and Zonal Managers
Training of the sales team:
- Provide ongoing training to partner's staff, including products, sales technique, prospecting, objection handling, and sales operation and process
Financial Analysis and Investment Recommendations:
- Analyze clients' financial status, including assets, liabilities, cash flow, insurance coverage, and tax status
- Develop personalized investment strategies based on clients' needs and objectives
- Recommend appropriate investment products
- Advise on asset allocation and diversification strategies to minimize risk and maximize returns
Arrange various contests and events for the sales team as well as the customers:
- Execute templated events for channel partner
- Fulfill approval requirements
- Analyze customer response to events to judge feasibility in terms of leads generated vs. money spent
MIS and Reporting:
- Design and circulate business MIS and reports to various stakeholders as required
- Analyze data cuts on business performance and share findings with supervisors
Skills Required:
Technical:
- Product/subject matter expertise
- Team management skills
- Mentoring skills
- Business perspective and planning
- Performance management skills
- Finance/insurance industry awareness
- Interviewing skills
- Self-management
- Problem-solving skills
- Peer-level coordination and influencing skills
Behavioral:
Essential:
Desired:
Interpersonal skills:
Communication skills:
Creative thinking skills:
Supervising/leadership skills:
Teamwork skills:
Influencing skills:
Relationship building skills:
Decision-making skills:
Language skills: English, Local language
Incumbent Characteristics:
Essential:
Desired:
Qualification: Graduate
Experience: 6-8 years sales experience (insurance/financial service background)
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