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15 Pramerica Life Insurance Jobs

Branch Manager

7-9 years

₹ 8 - 8L/yr (AmbitionBox estimate)

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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.

Manglaur, Chennai

Branch Manager

Pramerica Life Insurance

posted 17d ago

Job Description

Job Title: Branch Head Office Head Agency Sales Channel

Purpose of the Job:
Achieve targeted business results in the Retail business through effective translation of the business strategy into Branch Plans. Provide leadership and motivation to the Branch team towards raising of performance standards, and be a valuable resource to the Company.

Key deliverables:
1. Distribution Deliverables
2. Business results
3. Resource Management
1. Operational Cost Management
2. People Development
4. Customer Relations Management
5. Adherence to regulatory and compliance norms.
Principal Accountabilities

1. Deliverables:
1. Plan and evaluate the effectiveness of Branch Operation Plans with specific focus towards product availability, distribution and activity management;
2. Facilitate the business planning and implementation process for the business with the Regional Manager
3. To be Role model in the Retail Channel on different parameters
2. Business Results
1. Ensuring alignment of volume and market share objectives for the retail business facilitate for PLIL products
2. Monitor and evaluate achievement of sales against expectation
3. Process
1. Streamlining and development of processes to ensure smooth management
2. Optimize cost across your business
3. Ensure service excellence through effective use of different training modules and selling skills program.
4. Resource Management
Operational Cost Management
1. Ensure cost efficiency in all aspects of Branch operations including fixed costs.
2. Drive efficiencies in onward distribution expenses and in branch support expenditure
3. Support the Companys Retail Strategy Plan.
People Development
1. Enable superlative performance standards through alignment of the team with the organizations objects.
2. Ensure clear communication of the overall strategies and drive ownership on all tasks expected to be performed by the Branch team
3. Develop Competencies of the team
4. Ensure implementation of the Development plans.
Customer Relationship Management
1. Interact regularly with the customers to ensure a committed and partnership based relationship
2. Review of selling arrangements
3. Ensure adequate focus to the business
7. Code of Conduct and Compliance of all Regulatory norms:
1. Ensure adherence of code of conduct by the entire Branch Team.
2. Conformation to all financial and administrative systems.
3. Ensure Compliance to all statutory & regulatory norms.
4. Ensure compliance with all the Branch norms set by PLIL.
Key Success Factors
1. Meet the Business objectives for the Branch.
2. Efficient administrative systems and process in place (Internal and external Audit)
3. Superior Quality Business Planning & Achievement of Sales Objectives.
4. Driving High Standard of Knowledge , Skills amongst team members.
5. Managing Branch Operations Underwriting Training Home office interface.
Key competencies
Behavioral competencies ( Ranked in order of importance to the job)
1. Building a successful team
2. Strategic Leadership
3. Result orientation.
4. Adaptability
5. Customer focus
6. Communication
Technical Skills ( Ranked in order of importance to the job)
1. Business Planning , Development & Forecasting
2. Company and product knowledge
3. Financial fundamentals
4. Training & Education
5. Competition Knowledge


Personal Profile :

Qualification and experience: MBA, with 4-6 years of work experience in Sales Development role. Experience in the life insurance industry in similar role in their domestic market is essential. Should have experience of leading a team of result oriented sales managers. This person should be a team player with exceptional leadership qualities. His communication skills and abilities to motivate his team should be high class.


Employment Type: Full Time, Permanent

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What people at Pramerica Life Insurance are saying

3.0
 Rating based on 9 Branch Manager reviews

Likes

Working for Defense

Dislikes

No fundamentals for working and hierarchy. No Job Security due to Immediate Supervisor, Seniors and Senior Leadership's unethical prectices and due to Lobby system.

  • Skill development - Poor
  • +5 more
Read 9 Branch Manager reviews

Branch Manager salary at Pramerica Life Insurance

reported by 21 employees with 6-19 years exp.
₹6.5 L/yr - ₹11 L/yr
9% less than the average Branch Manager Salary in India
View more details

What Pramerica Life Insurance employees are saying about work life

based on 764 employees
52%
71%
46%
97%
Strict timing
Monday to Saturday
Within city
Day Shift
View more insights

Pramerica Life Insurance Benefits

Health Insurance
Job Training
Soft Skill Training
Team Outings
Work From Home
Cafeteria +6 more
View more benefits

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