Vice President & Principal Officer - GIFT City

Job Description

Job Description Position Principal Officer - GIFT City Branch (IIO) Incumbent TBH Department Protection & Health Function Protection & Health Reporting to SVP & Head - Protection, Health & Wellness | NRI Band VP/CVP Location Gandhinagar, Gujarat Team size (D/I) 2-5 Job Summary Responsible for the day-to-day operations of the GIFT City Office, including compliance with regulations and managing relationship with key stakeholders (External & Internal). Plays a pivotal role in driving Axis Max Life Insurances growth within NRI Business thru new set-up in Gujarat International Finance Tech (GIFT) City Be the P&L owner of the business plan assigned for the branch operations. At full scale of operations, the branch is expected to be ~20% of company s NRI sales (or ~5% of total company sales) Drive continuous improvements basis feedback from stakeholders, distributors and partner across all areas of responsibility Key Responsibilities/ Key Deliverables Strategy & Business Operations Lead the overall sales strategy and business operations for the Gift City business of Axis Max Life Insurance. Identify and execute opportunities to significantly impact the companys revenue and deliver financial targets. Keep abreast of and analyze competitor strategies. Compliance and Liaisoning In partnership with legal/compliance teams, ensure compliance controls and corporate governance procedures are implemented. Liaise with SEZ, IFSCA and other stakeholders on regular basis. Risk management Assess changing regulations and proactively highlight potential risk areas and implement solutions accordingly. Policy making Participate in policy making exercises and represent the company with regulators (IFSCA) Documentation Maintain proper documentation for all business and operations activities Process improvement Build and implement processes and systems to ensure smooth functioning Communication Lead and facilitate interactions with Audit Committee, and other committees. Product Development Work closely with Product team to design life insurance products as per evolving customer needs. Governance Rhythms Plan and execute Governance rhythms for smooth business operations with Ops, Underwriting Measures of Success Meeting or exceeding revenue and profitability targets through strategic business development initiatives Maintaining high level of customer satisfaction, retention and acquisition Timely and accurate regulatory submissions. Maintaining positive, transparent relationships with GIFT city regulator Key Relationships Internal Stakeholders CCO, CDO, MD & CEO Head- Operations, Head-NB, Underwriting & Claims External Stakeholders I nternational Financial Services Centres Authority (IFSCA), GIFT SEZ Authority, IRDAI Key Competencies/ skill required. Strategic thinking and Analytical skills Ability to understand big picture Very strong communication skills ability to express ideas clearly and persuasively. Ability to work together with all stakeholders involved, flexibility in taking feedback and modifying approach. Effective communication and presentation skills. Strong negotiating and influencing skills. Desired Qualification and Experience Masters degree or equivalent (preferred). CA/ CFA/MBA/Actuarial 15-20 years experience (including 5+ years of running independent office/branch) in BFSI Industry. Possess thorough business management knowledge to implement processes, products, or services, and technical expertise to apply functional/process knowledge to diverse issues. High knowledge and understanding of financial markets products. Job Description Position Principal Officer - GIFT City Branch (IIO) Incumbent TBH Department Protection & Health Function Protection & Health Reporting to SVP & Head - Protection, Health & Wellness | NRI Band VP/CVP Location Gandhinagar, Gujarat Team size (D/I) 2-5 Job Summary Responsible for the day-to-day operations of the GIFT City Office, including compliance with regulations and managing relationship with key stakeholders (External & Internal). Plays a pivotal role in driving Axis Max Life Insurances growth within NRI Business thru new set-up in Gujarat International Finance Tech (GIFT) City Be the P&L owner of the business plan assigned for the branch operations. At full scale of operations, the branch is expected to be ~20% of company s NRI sales (or ~5% of total company sales) Drive continuous improvements basis feedback from stakeholders, distributors and partner across all areas of responsibility Key Responsibilities/ Key Deliverables Strategy & Business Operations Lead the overall sales strategy and business operations for the Gift City business of Axis Max Life Insurance. Identify and execute opportunities to significantly impact the companys revenue and deliver financial targets. Keep abreast of and analyze competitor strategies. Compliance and Liaisoning In partnership with legal/compliance teams, ensure compliance controls and corporate governance procedures are implemented. Liaise with SEZ, IFSCA and other stakeholders on regular basis. Risk management Assess changing regulations and proactively highlight potential risk areas and implement solutions accordingly. Policy making Participate in policy making exercises and represent the company with regulators (IFSCA) Documentation Maintain proper documentation for all business and operations activities Process improvement Build and implement processes and systems to ensure smooth functioning Communication Lead and facilitate interactions with Audit Committee, and other committees. Product Development Work closely with Product team to design life insurance products as per evolving customer needs. Governance Rhythms Plan and execute Governance rhythms for smooth business operations with Ops, Underwriting Measures of Success Meeting or exceeding revenue and profitability targets through strategic business development initiatives Maintaining high level of customer satisfaction, retention and acquisition Timely and accurate regulatory submissions. Maintaining positive, transparent relationships with GIFT city regulator Key Relationships Internal Stakeholders CCO, CDO, MD & CEO Head- Operations, Head-NB, Underwriting & Claims External Stakeholders I nternational Financial Services Centres Authority (IFSCA), GIFT SEZ Authority, IRDAI Key Competencies/ skill required. Strategic thinking and Analytical skills Ability to understand big picture Very strong communication skills ability to express ideas clearly and persuasively. Ability to work together with all stakeholders involved, flexibility in taking feedback and modifying approach. Effective communication and presentation skills. Strong negotiating and influencing skills. Desired Qualification and Experience Masters degree or equivalent (preferred). CA/ CFA/MBA/Actuarial 15-20 years experience (including 5+ years of running independent office/branch) in BFSI Industry. Possess thorough business management knowledge to implement processes, products, or services, and technical expertise to apply functional/process knowledge to diverse issues. High knowledge and understanding of financial markets products.