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BUSINESS DEVELOPMENT MANAGER - (AGENCY PARTNER CHANNEL)


Amrit Consultancy


Location

Kottayam | India


Job description

Life Insurance Company Limited) is an Indian life insurance company headquartered at New Delhi, and the largest non-bank private-sector life insurer in India. . It was founded in 2000 after the liberalization of the insurance sector in India and its operations began in 2001.

Job Description

Job Code:

Job Title: BDM – APC

Agency Partner Channel

Band: 4A

Reporting To: Branch Manager Department: Agency

Function : Agency Partner Channel Location:

Job Summary

 Opportunity to be associated with MAX Life Insurance Pvt. Ltd. As Associate Business Development

Manager and build a

distribution enterprise.

 Responsible for recruiting and managing a team of Leader and agents.

 Responsible for recruiting a team of Leaders, who will recruit agents and agents will source direct

business.

Key Responsibility

 Exceed recruitment target on new agency leaders and agent enrollments.

 Enhance quantity and quality recruitment by developing successful leaders.

 Emphasis on quality recruitment by the Agency Leaders and Agency Associates through one-onone

session.

 Create mutual support platform for Financial Executives, Agency Associate and Agents to enable

easier recruitment.

 Enhance AFYP & Number of cases by the unit.

 Focus on potential EC, MDRT, CEO council agents through complete unit.

 Focus on number of R&R winners.

 Focus on enablement and development of the team

 Ensure agents, agency associates, agency associate's unit and agency leader unit is in complaint with

various IRDA

guidelines.

 Timely contract of agents and agency associates within regulatory guidelines

 Monitoring IRDA guidelines impacting AAP channel at regional level.

 Track competition regularly at regional level on various measure such as new strategies, new

compensation models

etc. with particular reference to Financial Executives / AAP model developed by the competitors.

 Execute plans for growth of the agency

 Identify, interview and select new leaders from market and by networking

 Ensure adherence to laid down sales and service standards for Financial Executives, Agency

Associates and Agent Advisors.

 Conduct weekly performance review and planning (PRP) for team

 Ensur e retention of team by formulating their development plans, meeting their training

needs and communicating with them on a regular basis.

 Handhold, develop and supervise Financial Executives, Agency Associates and Agents to meet plan

and follow growth leadership practices.

Measures Of Success

 Building a chain of successful leaders (Financial Executives)

 Recruitment (contracted agents) numbers

 Add-on of AFYP & number of cases in the team.

 Add-on of number of new agency associates

 Case Rate & Case Size

 Agent satisfaction survey

 Accuracy and timeliness of information

Other Responsibilities

 HO co-ordination

 Sales promotion activities

 Assist in overall running of the Office

Knowledge / Skills / Abilities

 Selling Skills

 Relationship Building skills

 Coaching and Developing Team

 Result Orientation

 Resilience

 Discipline

 Demonstrating Adaptability

Minimum Education

 Minimum Graduation in any discipline, MBA will be an added advantage.

Minimum And Specific Experience

 Overall experience of 4-6years

 Preference will be given to candidates having man management experience

 Should have minimum of 2 years of sales experience.

Skills: agents,insurance,life insurance,agency development


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