09 Oct
|
Magnum Insurance Broking
|
Hyderabad
09 Oct
Magnum Insurance Broking
Hyderabad
Location: Hyderabad, Telangana
Department: Corporate Sales – Property & Commercial Insurance
Position: Corporate Sales Head – Property Insurance
Reporting To: Senior Management / Business Head
About Magnum Insurance Broking
Magnum Insurance Broking – The Power of Advice
Magnum Insurance Broking is a corporate insurance broking company focused on providing clients with comprehensive insurance solutions, risk advisory and end-to-end claims support. We work with leading insurance companies and offer customized solutions across Property, Fire, Marine, Motor, Liability, Employee Benefits, Health and other commercial insurance segments.
We are looking for an experienced and result-oriented Corporate Sales Head – Property Insurance to lead our property insurance business in Hyderabad.
Key Responsibilities
1. Corporate Business Development
- Develop and drive the corporate sales strategy for Property & Commercial Insurance in Hyderabad and surrounding markets.
- Identify and acquire large corporate, industrial, infrastructure, manufacturing, logistics, real estate and commercial clients.
- Build a robust pipeline of new corporate accounts and generate business through direct relationships, references, networking and market opportunities.
- Develop long-term relationships with CFOs, Finance Heads, Risk Managers, Admin Heads, Plant Heads, Directors and Business Owners.
2. Property Insurance Expertise
- Drive business across Fire & Special Perils, Industrial All Risk (IAR), Standard Fire & Special Perils, Business Interruption, Machinery Breakdown and related Property covers.
- Understand client assets, business operations, risk exposures and insurance requirements.
- Coordinate with risk inspection/survey teams and insurers to develop appropriate insurance solutions.
- Provide consultative advice rather than purely product-based selling.
3. Corporate Account Management
- Manage the complete sales cycle from lead generation and client meetings to quotation, negotiation, placement and policy issuance.
- Work closely with underwriting, operations, claims and insurer teams to ensure smooth servicing.
- Identify cross-selling and up-selling opportunities across Marine, Liability, Engineering, Group Health, Group Term Life, Motor/Fleet and other commercial insurance products.
4. Insurer & Market Negotiation
- Develop strong relationships with senior officials of insurance companies.
- Negotiate competitive terms, pricing, deductibles, warranties, extensions and coverage conditions for corporate clients.
- Coordinate with insurers and internal technical teams for customized and complex property placements.
5. Business Targets & Revenue
- Own revenue and business targets for the Property Insurance vertical.
- Prepare monthly/quarterly sales plans and track achievement against targets.
- Maintain accurate sales pipeline, renewal pipeline and business forecasts.
- Improve retention and profitability of existing corporate accounts.
6. Team Leadership
- Lead,
mentor and develop the corporate property sales team.
- Set individual targets and monitor performance.
- Conduct regular pipeline reviews and support team members in closing large corporate opportunities.
- Build a performance-driven corporate sales culture.
7. Renewal & Client Retention
- Ensure timely renewal planning for existing corporate property portfolios.
- Conduct periodic client reviews and identify gaps in existing coverage.
- Work with claims and servicing teams to strengthen client relationships and improve retention.
Ideal Candidate Profile
- Experience: 8–15 years in corporate insurance sales / broking / commercial insurance.
- Strong experience specifically in Property, Fire, IAR, Business Interruption or Commercial Insurance.
- Proven track record of handling large corporate accounts and high-value insurance portfolios.
- Strong understanding of property risk, underwriting requirements and corporate insurance placements.
- Existing corporate relationships in Hyderabad / Telangana will be highly preferred.
- Experience working with multiple insurers and negotiating corporate terms.
- Strong communication, presentation, negotiation and relationship-management skills.
- Ability to independently generate business and manage the complete sales cycle.
- Leadership experience with the ability to build and manage a sales team.
Preferred Industry Exposure
Candidates with strong relationships or experience in the following sectors will be preferred:
- Manufacturing & Industrial
Pay: ₹80,000.00 - ₹120,000.00 per month
Benefits:
- Cell phone reimbursement
Work Location: In person
📌 Corporate sales Head -Property Insurance (Hyderabad)
🏢 Magnum Insurance Broking
📍 Hyderabad