NSM - HDFC Asset - Mumbai

Job Description

Job Purpose

To lead bancassurance partner relationship for the Asset vertical and achieve business objectives through cost efficiencies, meeting revenue targets and enhancing profitability. To strategize and direct efforts into Business development and Team Engagement thereby widening and strengthening the partnership contributing to overall business growth.

Job Context:

Bancassurance is the insurance distribution model wherein the bank allows an insurance company to sell its products to the banks client base . Open Architecture model empowers the customers now to select their Life insurance plans from more than one insurer as per their choice at competitive prices. It also lowers chances of Mis selling, with the intervention of multiple regulators like Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority of India (IRDAI).

Key Result Areas :

1. Business Development To pursue strategic opportunities in cultivating relationship with the bank partner to promote Business growth

2. Business Targets Design and ensure execution of Sales strategies through bank partner and ABSLI Team members to achieve vertical targets, contributing to the overall Business Growth and profitability.

3.Channel Management To optimise the Vertical s performance by forecasting the requirements, preparing annual budget, controlling expenses and taking corrective measures.