Relationship Officer/ Sr Relationship Officer

Job Description

This vacancy is for leading Life Insurance Company supported by Indias biggest PSU bank. This will be for Banca Channel. Responsibilities Bancassurance Sales Strategy: Develop and implement a comprehensive sales strategy for the Bancassurance channel in alignment with the companys overall sales objectives Set ambitious sales targets and develop plans to achieve them Relationship Management: Build and maintain strong relationships with partner banks, including key decision-makers and stakeholders Collaborate with bank representatives to understand their business goals, customer needs, and market dynamics Work closely with the banks sales teams to train, motivate, and support them in promoting insurance products to their customers Monitor market trends, competitor activities, and customer preferences to identify sales opportunities and adapt sales strategies accordingly Collaborate with the marketing team to develop and implement promotional campaigns and sales support materials Product Knowledge and Training: Stay updated on insurance products, industry trends, and regulatory requirements Provide training and product knowledge sessions to bank employees to enhance their understanding of insurance offerings and enable effective cross-selling Sales Performance Analysis: Analyze sales data, performance metrics, and key performance indicators (KPIs) to evaluate the effectiveness of sales strategies and activities Identify areas of improvement and implement corrective actions to achieve sales targets Compliance and Risk Management: Ensure compliance with regulatory requirements, internal policies, and industry standards Stay updated on insurance laws and regulations affecting the Bancassurance channel Implement effective risk management practices to mitigate operational and compliance risks associated with sales activities Relationship with Insurance Providers: Foster strong relationships with insurance providers and underwriter