Bancassurance Manager

Acme Services

4 - 9 years

4 - 7 Lacs

mumbai maharashtra india

Posted:10 hours ago| Platform: Foundit logo

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Skills Required

sales negotiation problem-solving business administration finance

Work Mode

On-site

Job Type

Full Time

Job Description

Key Responsibilities:

Sales Management:
Develop and implement sales strategies to achieve bancassurance targets.
Monitor and drive performance of sales staff in assigned bank branches.
Identify new opportunities to increase insurance penetration in the bank.
Relationship Management:
Build and maintain strong working relationships with bank leadership and branch staff.
Act as a liaison between the insurance company and the bank to ensure alignment of goals.
Training and Development:
Conduct regular training sessions for bank staff on insurance products and sales techniques.
Ensure continuous learning and updates on new insurance products and regulations.
Compliance & Process Management:
Ensure adherence to regulatory guidelines and company policies.
Monitor and improve the operational efficiency of the bancassurance channel.
Reporting & Analysis:
Prepare regular performance reports and present to senior management.
Analyze sales trends and customer behavior to improve product offerings and strategies.

Key Requirements:

Education:
Bachelor's degree in Business Administration, Finance, Marketing, or a related field. MBA is a plus.
Experience:
Minimum 46 years of experience in bancassurance, insurance sales, or financial services, with at least 2 years in a managerial role.
Skills:
Strong sales and negotiation skills
Excellent interpersonal and communication abilities
Leadership and team management
Analytical and problem-solving mindset
Good understanding of insurance products and banking operations

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