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Tata AIA Life Insurance - Assistant Vice President - Compensation & Product Management

Tata AIA Life Insurance - Assistant Vice President - Compensation & Product Management

TATA AIA Life InsuranceNavi Mumbai, India
30+ days ago
Job description

Job Title : Assistant Vice President - Compensation & Product

Department : Agency Sales

Reports To : VP - Agency Strategy

Supervises : 5-6 Team Members

Role Summary :

  • The Assistant Vice President - Compensation & Product is a strategic leadership role responsible for designing, managing, and optimizing compensation frameworks and product propositions tailored for the agency channel.
  • The role requires a blend of analytical rigor and market intelligence to drive competitive, performance-driven compensation structures and product strategies that promote growth, engagement, and profitability.

Organizational Relationships :

Internal Stakeholders : Sales Team, Sales Training, Head Office Training Content, Product, Chief Agency Officer, Distribution Operations

External Stakeholders : Leaders, Advisors & Employees

Key Responsibilities :

Product Strategy & Development :

  • Drive product ideation, positioning, and lifecycle management for agency channel needs.
  • Conduct competitive analysis and market research to identify product gaps and opportunities.
  • Partner with actuarial, underwriting, and marketing teams to launch and promote new products.
  • Customize product presentations and training materials for high-performing agents, including MDRT roadshows.
  • Stakeholder Engagement & Enablement :

  • Liaise with senior leadership, zonal / regional heads, and cross-functional teams for alignment on compensation and product initiatives.
  • Lead communication and engagement programs to drive adoption and understanding of compensation and product changes.
  • Ensure timely approvals and govern compliance across all initiatives.
  • Analytics & Reporting :

  • Develop dashboards and MIS to monitor compensation effectiveness, product performance, and agent productivity.
  • Provide insights and recommendations based on data trends, forecasts, and competitor benchmarking.
  • Automate reporting processes for enhanced efficiency and accuracy.
  • Skills & Qualifications :

    Technical Skills :

  • Preferably from Life Insurance or Finance industry with experience in distribution planning and reporting.
  • High proficiency in MS Excel, MS Access, and presentation tools.
  • Strong analytical skills with experience in data visualization and process 12 to 15+ years of progressive experience in life insurance or finance domains focusing on distribution compensation and product management.
  • Minimum 5 to 7 years in leadership roles managing mid-sized teams.
  • Proven ability to drive strategic initiatives with measurable business impact.
  • Why Join Us?

  • Opportunity to lead strategic compensation and product initiatives impacting agency sales.
  • Work with senior leadership and cross-functional teams in a dynamic environment.
  • Attractive compensation package with growth and leadership development opportunities.
  • Collaborative culture fostering innovation and excellence
  • (ref : iimjobs.com)

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