VP & Head Bharat Bank & MAB Business

1 week ago

Mumbai, Maharashtra, India Max New York Life insurance Co Ltd Full time ₹ 12,00,000 - ₹ 36,00,000 per year
Job Description

KEY RESPONSIBILITIES:

  • Relationship Management with the Axis Bharat Bank & MAB Regional Leaders. Drive the sales through Bharat Bank & MAB Customers

  • Overseeing complete Bharat Bank & MAB business operations for the Region, forecasting monthly/ annual business targets, & executing them in a given time frame. Providing a growth-driven environment to the team.

  • Responsible for assigning the targets and organizing joint monthly PRP with the DRs. Recruit, train and supervise executives to achieve the agreed business targets and insurance sales in the defined geography and building a progressive partnership with the bank

  • Periodic and daily updates in alignment with Axis Bharat Bank, MAB and MLI team, ensuring meet business Plan, drive the Bharat Bank & MAB managers, ensuring activation and persistency and thereby tracking the performance in all the vectors and thereby do a traction analysis

  • Driving the people agenda by leading the team and ensuring higher engagement of the key talents of the zone, ensuring minimum compliance issues and retain talents

  • Implement the BOLD system and ensure that the system requirements are met in order to ensure that the relationship is productive and mutually beneficial and compliant with all regulatory requirements.

  • Deploy and monitor implementation specifically Bank staff contests/R&R in order to accelerate revenue generation with the Channel.

Measures of Success Business Plan:
  • Adj MFYP (Rs.) - Plan v/s Actuals
Activation plan:
  • Seller Activation ( PERCENT ) - Plan Vs Actual
Product Mix
  • Product Mix: Plan Vs Actual
Persistency:
  • 15th month Persistency ( PERCENT ) - >85 PERCENT (By Value)
Joint Calls / Effective Management of Process:

  • Unit - Joint Calls: Plan Vs Actual

  • BOLD audit score

Effective Management of People & Customer:
  • Retain talent 70 PERCENT , G2M2 retention >85 PERCENT , Kenexa Score and improvement over last year
Key Competencies/Skills Required
  • Relationship, Leading people, Effective Management of Process
Locations
  • Mumbai, MH, IN

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