Associate Manager_ Insurance & Credit Services

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.
• 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 industry

Skills Required
Portfolio Management, Risk Assessment, Regulatory Compliance, Financial Modeling