CBH - BANGALORE Nurture and grow franchisee allocated with support of team of direct reportees (FLS) & LBS. Key objective being growth in New Business and retaining existing business while ensuring adherence to quality standards and process, policies and guidelines defined by the organization. As a CBH individual will own the span of Branches within a Regional office in defined territory. He/she will be responsible for increase in Franchisee size by ensuring increase in number of Licensed Branch Staff and motivating convincing and influencing them to offer life insurance solutions to their customers for their financial needs. To achieve this he/she will need to understand channel dynamics in given territory and formulate strategies for garnering support and buy in from channel partner. CBH is also responsible for helping his RBH to maintain relationship with Senior management at Region offices however not required to coordinate directly with RO
Duties:
Profitable franchisee.
- Achieving defined number of LBS in Franchisee 2.
Activate
Branch & LBS and achieve desired productivity from active LBS as per plan 3. Engagement & Activity Management –High engagement levels to be maintained at Branch levels with support from ISM.
- APE – new business growth as per AOP 5. Renewal book/Persistency – maintain desired level of First Year and overall persistency across channels Customers / Stakeholders Improve the quality of “Relationship Management” at a Branch Manager, Regional Head level 1. Maintain healthy relationship with bank staff and ensure support for FLS at Branch level 2. Engage with Branches and influence and support them for driving insurance business.
- Cross functional engagement within CHOICe with Business Development,EIMA, Training & operations for ensuring support to LBS and FLS Leadership & Teamwork Leadership | Teamwork | People Development Manage alignment between functions in the respective HUBs 1. Strategize and Plan to ensure business delivery through Activity management and other initiatives 2.
Business
Reviews with Channel and with team for understanding gaps and ensuring support for fixing these gaps 3.
Industry/competition knowledge and countering with strengths that we have in CHOICe 4. Create an environment of ongoing personal, team learning and development, by being a Coach and Mentor and effectively building upon individual strengths.
Invest in Staff Training & Development basis DAP for individual team member. Provide opportunities to team members to take up additional responsibilities. Foster positive attitude & high levels of enthusiasm amongst all to deliver higher productivity Ensure effective people management, robust interpersonal skills and business reasoning to resolve every issue and minimize the scope for escalations Operational Effectiveness & Control Ensure Controls and Audit are in place as required by IRDA & CHOICe Compliance.
Build a compliance culture and act as a change agent to uncover issues and implement innovative solutions to manage risk actively.
Facilitate Quality
Sales by ensuring, that each customer is made aware of the product details. Identify any trend / weak links in the early stages and ensure dialogue with Branch Manager, Regional Head to address such issues. Ensure NIL frauds for any case sourced / handled by the Branch Keep self and Team updated on all new and existing products of CHOICe, Sales Process, Underwriting norms and Compliance guidelines.
Regular usage of ACT and analytics. Use of Bank intranet ATS and Distributor portal for customer service issues.
Customer
Service camps in conjunction with Banks Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities) A) Influence without direct authority. Mindshare of channel partner in this competitive workplace is a key challenge B) Maintaining a healthy portfolio by ensuring customer complaints are resolved and on-boarding process of customers is need based product offering and is transparent. C)
Maintaining morale of and retaining key team members.
Role Context (The environment and operating conditions of the role including the extent of guidance and authority) Would be responsible for sales in the territory as a Territory Manager and drive the company's sales strategy through LBS in Branches mapped to Region. Implement key business development initiatives in the territory under purview to achieve AOP & Retention targets.
Drive
Sales basis product mix to ensure profitability; ensure all business expenses and employee costs are within budgets as approved and in line with business performance to maintain desired Cost Income ratios. The job holder would also need to enhance customer convenience and improve productivity of channels by exceeding expectations and service standards; Relationship Management & regular engagement with Branch Heads, Branch Managers and Leadership teams to support sales growth. The job holder needs to constantly source, develop and grow distributor relationships in a highly competitive market.
These
Markets &
• Distributors are under different stages of development with different customer expectations and hence, it is critical to develop & implement creative and innovative local/regional level business development initiatives to support sales growth. Management &
• Leadership of Regulatory, Compliance &
• Operational Risk (Operational Risk / FIM requirements) Report any operational risk or operational risk loss to the line manager and the Risk &
• Sales Quality team immediately if the jobholder becomes aware of emerging or inadequately controlled operational risk or identify an operational risk loss in accordance with Company’s Risk policy. Observation of Internal Controls (Compliance Policy / FIM requirements) Maintain and observe Company's internal control standards, implement and observe the Company's Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators. Foster a compliance culture and implement the Compliance Policy by managing compliance risk and optimising relations with regulators