Pramerica Life Insurance - Unit Head

Key Deliverables:

1.1 Facilitate creation of effective distribution of Officer Param and LA as per yearly goal sheet.

1.2 Maintain Month on Month Target Vs Achievement at a minimum of 100%

1.3 Facilitate and maintain the complete SM module at any given point.

1.4 Ensure that a minimum of 50% of total SM force is aligned for promotion and career Development at the end of CY.

1.5 Ensure cost efficiency in all aspects with specific focus towards Officer Param and SM hiring and optimize the cost of recruitment.

Business Results:

1.1 Ensuring alignment of business volume as per spread of the cantonment and SM module and thus maintain a SM Man month productivity of Rs 2 Lakhs APE.

1.2 Monitor and evaluate achievement of sales against expectation for each sales manager.

1.3 Ensure the CAPF /Defence contribution of Business (sourced from Army/Navy/Air Force/Paramilitary) is 70% on the overall NOP target YTD.

1.4 Ensure a conduct of a minimum 4 sales seminar presentations in the cantonment/units per month.

1.5 Ensure effective use of different training modules and selling skills program for both SM and distributor force in alignment with training team.

Customer Relationship Management

External:

1.1 Actively network and build relationships in the CAPF /Defence establishments/ Cantonments and Units.

1.2 Review of sales process followed and quality of sales advice and after sales engagement

1.3 Code of Conduct and Compliance of all Regulatory norms:

1.4 Ensure adherence of code of conduct by the entire Team in respective branches

1.5 Confirmation to all financial and administrative systems.

1.6 Ensure Compliance to all statutory & regulatory norms.

1.7 Ensure compliance with all the Branch norms set by PLI.

1.8 For guidance, supervision and control over the Sales Manager / Agent /IM / OP / Specified Person in case of Corporate Agent under his/ her direct or indirect hierarchy in respect to their life insurance business.

1.9 For the quality of life insurance policies sourced by the Sales Manager / Agent /IM / OP / Specified Person in case of Corporate Agent under his/ her direct or indirect hierarchy in respect to their life insurance business.

1.10 Vicariously responsible for all the acts of omission and commission by the Sales Manager / Agent /IM / OP / Specified Person in case of Corporate Agent under his/ her direct or indirect hierarchy in respect to their life insurance business.

Strategic Leadership:

1.1 Aligns team & Fostering Teamwork: setting direction and guiding and motivating a group to accomplish common goals.

1.2 Takes personal responsibility for leading the organization into the future.

1.3 Development of team and subordinates: Ability to maximize potential of others through developmental and training activities. Significantly contributes to long term organizational capability by building superior processes of hiring, developing and retaining a quality workforce

Drive for result:

2.1 Result orientation

2.2 Adaptability

Customer Focus- Most Important in terms of understanding of the target segment (defence services at all levels)

Desired Candidate Profile

Qualifications

Graduate/Post Graduate - MBA, sales and Marketing (preferred)

Experience:

2.1 AUH - 4-5 years of experience in insurance industry, preferably from defense background. Should have experience of leading a team of result oriented sales managers.

2.2 UH - 7-14 years of experience in insurance industry, preferably from defense background. Should have experience of leading a team of result oriented sales managers.

Preference of Industry background

3.1 Preference 1: Insurance/financial sales exp + Defence experience

3.2 Preference 2: Sales Background, any industry + Defence experience

3.3 Preference 3: Defence Sales+ history of adaptability to new business avenues

3.4 Preference 4: Defence Ex-servicemen

3.5 Preference 5: Pure defence family back ground (Current Serving personnel)