Director of Government Sales
3 days ago
The
role of a Director – Government Business
in the
insurance broking industry
is highly strategic and operational. It involves leading the company's engagement with various
government departments, public sector undertakings (PSUs), and semi-government bodies
for insurance and risk management solutions.
Key Skills & Expertise:-
- Understanding of
insurance products
(General, Group Health, Marine, Fire, Engineering, Property, Industrial All Risk, Contractor All Risk etc.).
(This is Non Mandatory) - Expertise in
government procurement processes
, especially tendering. - Strong
network in government circles
and familiarity with decision-making hierarchies. - Proficiency in
negotiation, contract management, and regulatory compliance
. - Leadership and team management skills.
Below is a breakdown of the key roles and responsibilities, skills, and KPIs for this position:-
Core Responsibilities:-
1. Business Development & Relationship Management
- Identify and pursue insurance broking opportunities with the following below
- Central and state government departments
- PSUs (Public Sector Undertakings)
- Municipal corporations and other government-linked institutions
- Build and nurture long-term relationships with key government stakeholders.
- Ensure regular client engagement to understand upcoming tenders or insurance needs like. (General, Group Health, Marine, Fire, Engineering, Property, Industrial All Risk, Contractor All Risk etc.)
2. Tender Management & Bid Participation
- Track government insurance tenders (RFPs, RFQs).
- Lead bid preparation including pricing, documentation, and compliance.
- Coordinate with underwriters/insurance companies to structure competitive bids.
- Ensure timely and compliant submission of tenders.
3. Strategic Planning
- Develop go-to-market strategies for expanding government business.
- Plan territory-wise and department-wise sales strategies.
- Monitor regulatory and policy changes impacting government insurance procurement.
4. Team Leadership
- Lead a team of sales and servicing professionals dedicated to government clients.
- Provide direction, support, and performance monitoring.
- Ensure training and upskilling of team members on compliance, tendering, and government processes.
5. Stakeholder Coordination
- Act as a bridge between government clients, insurers, and internal departments.
- Coordinate with claims, legal, compliance, and underwriting teams to deliver seamless service.
6. Compliance & Regulatory Adherence
- Ensure adherence to IRDAI guidelines and government procurement rules (like GFR, GeM portal, CVC norms, etc.)
- Manage internal and external audits related to government contracts.
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