Business Head Insurance Broking

1 month ago

Rajkot, India Vitasta Consulting Pvt Ltd Full time

JobOverview:


TheBusiness Head will be responsible for spearheading the overallbusiness operations and strategic growth of the insurance brokingdivision. This leadership role involves overseeing sales clientmanagement regulatory compliance operations and financialperformance with a clear focus on expansion and marketleadership.

KeyResponsibilities:


Strategic Leadership:

  • Formulate and implementstrategic plans to drive business growth in the insurance brokingsector.
  • Identify new market opportunities anddevelop strategies to increase market share andprofitability.
  • Build and maintain strongrelationships with insurers clients and regulatorybodies.


Sales and BusinessDevelopment:

  • Lead the sales team to achieve revenuetargets through new client acquisition and crosssellinginitiatives.
  • Develop and enhancerelationships with corporate clients SME clients and individuals togenerate highvalue business.
  • Leverageexisting networks and build a robust pipeline of businessopportunities.

Operations andEfficiency:

  • Ensure operational excellence by overseeingefficient processes for client onboarding policy management claimshandling and renewals.
  • Work closely with thecompliance and legal teams to ensure adherence to regulatoryframeworks and guidelines.
  • Implementtechnologydriven solutions to improve service delivery and customerexperience.

TeamLeadership and Development:

  • Lead mentor and develop ahighperforming team ensuring they are aligned with the companysstrategic objectives.
  • Foster aperformancedriven culture with clear goals accountability andemployee engagement.

Financial and PerformanceManagement:

  • Manage P&L responsibilities for thebusiness unit ensuring profitability and costoptimization.
  • Set and monitor KPIs forbusiness performance ensuring revenue growth and profitabilitytargets are met.

Regulatory Compliance and RiskManagement:

  • Ensure compliance with IRDAI regulations andother relevant laws governing insurance broking inIndia.
  • Oversee risk management processesincluding client due diligence and internal audits.

Qualifications andSs:

  • Bachelors degreein Business Finance Insurance or a related field (MBApreferred).
  • 15 years of experience ininsurance industry with at least 5 years in a senior leadershiprole.
  • Strong understanding of the Indianinsurance market including regulatory knowledge (IRDAI).
  • Proven track record of driving business growth andachieving financial targets.
  • Excellentleadership and team management ss with the ability to inspire andlead large teams.
  • Strong communicationnegotiation and client management ss.
  • yticalmindset with the ability to think strategically and drive.
  • Knowledge of technology solutions ininsurance broking is a plus.

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