Purpose of Job
Exploring products and services pertaining to financial service (banking & insurance) industry, identifying potential partners for Insurance and other such rural products, Coordinating with internal and external stakeholders to complete partnership journey, Understanding and setting-up processes to rollout insurance products & services, Performance Monitoring of field team & providing feedback for improvement, capability building of Staff & extended Organization
Key Responsibility Area
Interface with Internal / External Organization
- Interface with potential insurance companies to identify possibility of partnerships
- Ensuring timely support to internal and external stakeholders to expedite partnerships
- Co-ordinate with legal and compliance teams to close partnership process in shorter time
Market Research and Feedback
- Collecting feedback from field teams to understand rural insurance product needs and industry trends for business development and customers' demand
- Feedback sharing with partners to create possible product fit based on market demand
Product Rollout and Business Development
- Planning sales and marketing activities to generate potential business for targeted insurance products
- Monitoring business progress via constant tracking of field activities with respective branch teams
Performance analysis & feedback
- Highlight various deviations in performance through active monitoring of performance indicators vis-à-vis sanctioned plan figures, reasons for the gap, provide feedback on performance improvement and follow up on the suggestions given for its improvement
Capability Building
- Assess capability gap of field agents and provide necessary trainings for better product understanding and better query handling
Reports & Documentation
- Ensuring required documentation based on business process and reconciliation needs of ITC and partners
Requirements
- 4-5 years of experience in Insurance and Banking industry.
- Positive knowledge