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' demandFeedback sharing with partners to create possible product fit based on market demandProduct Rollout and Business Development
Planning sales and marketing activities to generate potential business for targeted insurance productsMonitoring business progress via constant tracking of field activities with respective branch teamsPerformance 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 improvementCapability Building
Assess capability gap of field agents and provide necessary trainings for better product understanding and better query handlingReports & Documentation
Ensuring required documentation based on business process and reconciliation needs of ITC and partnersRequirements
4-5 years of experience in Insurance and Banking industry.Good knowledge of banking & insurance industry and rural demand.Highly self motivated and demonstrated ability to work with minimal supervision.Demonstrated ability to work well with people from a variety of backgrounds.Excellent written and verbal communication skills.Proficient in MS Office (MS Excel and Powerpoint)Preferably from premier Agri Institutes like IRMA, MANAGE, SIIB, XIMB, NIAM etc.Have worked purely in insurance industrySkills Required
Risk Assessment, Portfolio Management, Regulatory Compliance, Financial Modeling
