Business Development

6 days ago

Anna Nagar, Tamil Nadu, India Link K Insurance TPA P Ltd Full time ₹ 1,00,000 - ₹ 1,20,000 per year

Greeting From Link-K Insurance TPA Pvt Ltd

We are hiring Business Head for our Business Development team at our Chennai Corporate office.

Job Role: Business Development

Industry: TPA/Health Insurance

Location: Chennai, TamilNadu

Experience: 7 Years+

Qualification: Graduate in any discipline

Roles & Responsibilities :

  • Liaison with insurance companies for empanelment of TPA till signing of SLA
  • Develop and implement comprehensive business development plans and strategies to achieve revenue and growth targets.
  • Setting up region wise, business segment wise targets for the year and driving towards achievement
  • Preparing reports for monitoring the progress and review formats for periodical reviews
  • Identify new market opportunities and potential areas for expansion.
  • Work with top management in preparing the AOP (Annual Operating Plan)
  • Maintaining excellent relationship with all insurers HOs through constant liaisoning.
  • Maintaining excellent relationship with brokers
  • Presenting the review updates and projections to top management
  • Representing the company in TPA evaluations for major clients
  • Prepare compelling proposals and presentations to showcase the company's capabilities, services, and benefits, highlighting how the TPA can meet the client's specific insurance requirements.
  • Utilize data-driven insights to make informed decisions and position the TPA company effectively in the marketplace.
  • Lead the efforts to acquire new clients and business partnerships.
  • Build and maintain strong relationships with existing clients to maximize retention and foster customer loyalty.
  • Be part of review meetings for all large corporate clients and involve in renewal of the policy and retention of client
  • Build, track and maintain a strong pipeline of potential clients.
  • Oversee the sales team and guide them in pursuing leads, closing deals and achieving sales targets.
  • Provide support in complex sales negotiations and strategic deals.
  • Collaborate with internal teams to identify opportunities for new insurance products, value-added services and process improvements to meet the evolving needs of clients and stay ahead of the competition.
  • Lead, mentor, and develop the business development and customer retention team to enhance their skills and performance.
  • Set clear objectives, provide feedback and ensure a high level of motivation within the team.
  • Oversee the negotiation and finalization of contracts with clients and partners.
  • Represent the TPA at industry events, conferences and seminars to enhance the brand's visibility and build valuable connections within the insurance sector.
  • Regularly monitor and report on Key Performance Indicators (KPIs), business development activities, and market trends.
  • Should have very good understanding of internal processes, offerings, strengths and weaknesses.
  • Constant interaction with Operations and IT functions to communicate customer requirements and feedback.

Important Note:

  • Only candidates with an experience in TPA or Health Insurance are eligible.
  • Interested candidates can send their updated resume to

Job Types: Full-time, Permanent

Pay: ₹100, ₹120,000.00 per month

Benefits:

  • Cell phone reimbursement
  • Paid sick time
  • Provident Fund

Experience:

  • TPA / Health Insurance: 7 years (Preferred)

Work Location: In person

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