Assistant Vice President Life Insurance

12 hours ago

Mumbai, Maharashtra, India Amrit Consultancy Full time ₹ 12,00,000 - ₹ 36,00,000 per year
Overview The Assistant Vice President of Life Insurance plays a crucial role in the organization by overseeing the development and implementation of life insurance products and initiatives that support the overall growth and profitability of the company. This position requires a strategic thinker with a deep understanding of the insurance landscape, regulatory requirements, and market dynamics. The Assistant Vice President will collaborate closely with various departments, including underwriting, sales, and marketing, to ensure alignment with the company's goals and vision. They will be responsible for managing a team of professionals, providing leadership, and fostering a culture of continuous improvement. The ideal candidate will possess a proven track record in the life insurance sector, with strong analytical and interpersonal skills, allowing them to navigate challenges and capitalize on opportunities. This role is vital for enhancing operational efficiency, improving customer experiences, and driving revenue growth, thereby reinforcing the organization's position as a leader in the life insurance market.Key Responsibilities
  • Develop and implement strategic initiatives for life insurance products.
  • Lead a team of professionals in delivering high-quality insurance services.
  • Conduct market research to identify trends and opportunities.
  • Ensure compliance with regulatory requirements and industry standards.
  • Collaborate with sales and marketing teams to create effective promotional strategies.
  • Monitor and analyze product performance and profitability.
  • Develop and manage budgets for department operations.
  • Provide training and mentorship to team members.
  • Establish and maintain relationships with key stakeholders and partners.
  • Conduct risk assessments for product offerings to ensure sustainability.
  • Oversee the underwriting process to maintain quality and efficiency.
  • Facilitate executive reporting on product performance and strategic initiatives.
  • Implement customer feedback mechanisms to improve service delivery.
  • Drive technology solutions to enhance product offerings and customer interactions.
  • Participate in industry events and represent the company to enhance visibility.
Required Qualifications
  • Bachelor's degree in Finance, Business, or a related field; Master's degree preferred.
  • Minimum of 10 years of experience in the life insurance industry.
  • Proven track record in leadership roles within insurance.
  • Strong understanding of life insurance products and market dynamics.
  • Expertise in regulatory compliance and risk management.
  • Demonstrated ability to develop and execute business strategies.
  • Exceptional communication and interpersonal skills.
  • Ability to analyze complex data and make informed decisions.
  • Experience in budgeting and financial management.
  • Proficient in insurance software and technology tools.
  • Strong negotiation skills and customer service orientation.
  • Ability to work under pressure and meet deadlines.
  • Professional certification in insurance or finance is an advantage.
  • Commitment to continuous learning and professional development.
  • Ability to work collaboratively in a team-oriented environment.
JD. 1. Supervising CPC Channel Support team, managing payout cycles for Group, Individual, Medical, Investigators and managing Hierarchy mappings/reconciliations and Escalation desk. 2. Handling a team of 14 members 3. Handling various adhoc requirements from management or other departments 4. To ensure commission/payouts are generated and processed accurately, timely to management and various departments. 5. Managing Regulatory reporting and ensuring timely & accurate submissions 6. Ensuring fortnightly meetings are conducted and preparing/tracking actionable. 7. Managing Internal, IFC, Statutory audits and ensuring timely responses to queries raised. 8. Drive various projects pertaining to payouts and automation of existing activities.

  • Assistant Vice President

    1 week ago

    Navi Mumbai, Maharashtra, India Evoke HR Solutions Pvt. Ltd. Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Position:Assistant Vice PresidentLocation:Seawoods, Navi MumbaiExperience:14–15 years (Post-Qualification)Industry:Life InsuranceEducation:LL.B.Job Summary:The role involves end-to-end management of commercial contracts including drafting, reviewing, negotiation, and legal risk mitigation. The candidate will also handle corporate and branch lease...

  • Vice President Procurement

    6 days ago

    Mumbai, Maharashtra, India Kotak Life Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Role:Functional Head - ProcurementJob Title:Deputy Vice President / Vice PresidentWork Experience:12 years +Education:CA / MBADepartment:PurchaseWork location:Goregaon (East), MumbaiStrategic Planning: Develop and execute a comprehensive procurement strategy. This includes identifying new sourcing opportunities, back up vendors,Team Leadership & Management:...

  • Assistant Vice President Operations

    1 week ago

    Mumbai, Maharashtra, India Spocto X (A Yubi Company) Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Company DescriptionSpocto X, a Yubi Company, is the world's leading end-to-end debt collection platform focused on digitizing the entire collections process. Spocto X makes debt collections simpler, faster, and easier with dignity to the borrower, thereby "Simplifying Collections with Superior Customer Experience." Our E2E collections platform, SpoctoX,...

  • Assistant Vice President- Retail

    3 days ago

    Mumbai, Maharashtra, India Cushman & Wakefield Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Job TitleAssistant Vice President, Retail, MumbaiJob Description SummaryWe are looking for a Assistant Vice President, Retail Leasing to join our Retail Leasing Team in Mumbai. In this team-based position, you will need a desire for success in Retail Leasing & Sales Business with new prospects and ability to handle complex conversations with owners, C-Suite,...

  • Assistant Vice President

    2 weeks ago

    Mumbai, Maharashtra, India Kotak Life Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Role:Investemnt MID office ManagerJob Title:Chief Manager / Assistant Vice PresidentWork Experience:8 years +Education:CA / MBADepartment:Investment MID officeWork location:BKC, MumbaiInvestment Risk / Performance Monitoring· Responsible for Performance attribution of Investment Portfolios· Computing various portfolio returns used to measure the risk...

  • Assistant Vice President

    1 week ago

    Mumbai, Maharashtra, India The Citco Group Limited Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    We are seeking a skilled professional to join our expanding Group Compliance Team, specializing in our Regulatory Change Management (RCM) function. Reporting directly to a Vice President of Group Compliance, this role offers an exciting opportunity to shape and strengthen Citco's regulatory framework at a global level. Expertise in analyzing and...

  • IT/IS/Technology Compliance Senior Vice President/ Vice President

    2 weeks ago

    Mumbai, Maharashtra, India Kotak Mahindra Bank Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Team Supervisor-Compliance-SUPPORT SERVICES-Compliance JOB DESCRIPTION – SENIOR VICE PRESIDENT/ VICE PRESIDENT – IT/IS/TECHNOLOGY COMPLIANCE JOB TITLE Senior Vice President/ Vice President – IT/IS/Technology Compliance – M8/M7 DEPARTMENT Compliance REPORTING TO President & Chief Compliance Officer JOB PURPOSE Compliance Risk...

  • Secretary To Vice President

    1 week ago

    Mumbai, Maharashtra, India Sahaj Pharma Full time ₹ 6,00,000 - ₹ 12,00,000 per year

    We are looking for Secretary to Vice president -Sales and Marketing Advance Excel experience is must Good in English

  • Assistant Vice President

    4 days ago

    Mumbai, Maharashtra, India N53 Tech Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Location: Mumbai | Full-Time Leadership RoleOne of our leading financial services clients is looking for a seasoned Cloud & DevOps leader to join our Information Technology team as Assistant Vice President (AVP) / Chief Manager – Cloud & DevOps Engineering.This is a critical leadership role responsible for defining and executing our cloud strategy,...

  • IT/IS/Technology Compliance Vice President

    16 hours ago

    Mumbai, Maharashtra, India Kotak Mahindra Bank Full time ₹ 15,00,000 - ₹ 60,00,000 per year

    Team Member - Compliance-SUPPORT SERVICES-Compliance JOB DESCRIPTION – SENIOR VICE PRESIDENT/ VICE PRESIDENT – IT/IS/TECHNOLOGY COMPLIANCE JOB TITLE Senior Vice President/ Vice President – IT/IS/Technology Compliance – M8/M7 DEPARTMENT Compliance REPORTING TO President & Chief Compliance Officer JOB PURPOSE Compliance Risk...