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227 Axis Max Life Insurance Jobs
Assistant Vice President - Renewals
12-15 years
₹ 25.5 - 31L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Gurgaon / Gurugram
1 vacancy
Assistant Vice President - Renewals
Axis Max Life Insurance
posted 4d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- The incumbent will be responsible for defining and designing policies and process for enhancing persistency.
- Design and roll out of PMS changes needed in distribution. Perform qualitative quantitative analysis to firm up strategy for driving outcomes.
- Expectations include assisting in developing, maintaining improving programs MIS, processes procedures. Driving change behavior to successfully implement the changes.
- Need strong project management skills - have a well-organized structured approach with ability to achieve tight timelines prioritize effectively.
- Responsible for creating a framework for improving the quality of sales through onboarding controls.
- Assigned person role would need to work with key stakeholders (SVP VP) of Bank for driving various projects.
- This job has a single point accountability for Centralized Project management with Banks, Automation and simplification of Processes in Bank, Audit Regulatory data management, MIS and regular updates to Banks.
- The key responsibility for incumbent would be to drive Initiatives to meet the business key performance indicators along with Bank, cross functional teams and Bank central team.
- The profile also includes Data management, reporting for business and audit/regulatory requirements involving simplification and automation of processes.
Key Actionable
-
- Create strategy for each segment of the portfolio based on risk model to drive collection efficiency drive initiatives in line with laid strategies to empower various interdepartmental teams life FCT, call center, distribution spocs, CET other relevant teams.
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- Monitor portfolio to study pattern based on portfolio triggers identify early warning signals to take corrective actions.
-
- Bring industry benchmarked insights market intel to understand and implement best practices.
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- Develop strategic presentations for leadership.
-
- Create a strong framework for driving onboarding controls and ensure quality of sale.
-
- Work with business teams and external vendors to bring new ideas and create strategies for renewal collections.
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- Collaborate with various stake holders to ensure timely delivery completion of initiatives.
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- Develop/onboard technology to drive renewal persistency through market leading technology.
Manage people
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- Develop team members to perform effectively and efficiently
- Ensure coaching, role rotation and training interventions to help team for new assignments
- Driving Employee engagement and implement strategic initiatives to achieve high ESAT scores (90%+)
Measures of Success
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- Project Management - Achievement of desired project outcomes within agreed timelines, monitoring and automation of process/project implemented, cross functional integration
-
- Regular governance/engagement with segment head (Axis) and distribution segment head
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- Automation and availability of all business-related reports/MIS/Dashboard/Scorecard for the Channel/Segment driving all business parameters
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- Driving Operational efficiencies with Bank and distribution team to achieve OPS KPI s
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- Achieve Renewal/persistency targets
- Persistency - 88%+
- RI - 100% of target
- Audit Rating of 2 or less, No repeat observation
- Talent retention and Employee Engagement
Desired qualification and experience
- Graduate / Post Graduate qualification.
- Must have a minimum of 12-15+ years of experience. Preferably in renewal retention.
- Sound Knowledge of Bancassurance or Banking Operations Model.
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Assistant Vice President roles with real interview advice
Top Axis Max Life Insurance Assistant Vice President Interview Questions
Q1. tax slabs and why anyone should buy a insurance policy rather then Invest in FD
asked in
Sales Manager interview
Q2. how to motivate other persons to sell a insurance policy.
asked in
Sales Manager interview
Q3. Can you handle pressure as there will be lot of pressure?
asked in
Aadm interview
What people at Axis Max Life Insurance are saying
Rating based on 16 Assistant Vice President
reviews
Anonymous · Sales & Business Development
in Jaunpur
Likes
Supportive Nature
- Salary - Excellent
+6 more
Dislikes
All good but only supervisor partiality
Assistant Vice President salary at Axis Max Life Insurance
reported by
101
employees
with 8-24
years exp.
₹10.5
L/yr - ₹34.7
L/yr
29%
less
than the average Assistant Vice President Salary in India
View more details
What Axis Max Life Insurance employees are saying about work life
based on 5.4k employees
Flexible timing
Monday to Saturday
Within city
Day Shift
Axis Max Life Insurance Benefits
Job Training 
Soft Skill Training 
Health Insurance 
Work From Home 
Team Outings 
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