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865 Tata AIA Life Insurance Jobs

Assistant Vice President - Strategic Initiatives

11-14 years

Mumbai

1 vacancy

Assistant Vice President - Strategic Initiatives

Tata AIA Life Insurance

posted 8d ago

Job Description

JOB DESCRIPTION

A Position Overview

Position Title

Assistant Vice President - Corporate Strategy & Chief of Staff team

Department

Strategy

Level/ Band

Assistant Vice President 1/2

Role Summary

The incumbent will be responsible for leading a critical vertical within the corporate strategy function and play an active role in leading / managing requirements of the Chief of Staff team. This is a central role and requires the applicant to manage shareholder reporting, facilitate organizational reviews (both internally and at the shareholders end), assist in development of company s long-term business strategy & ensuring its alignment with functional strategies, assist in structured leveraging of existing channels and support business development team in evaluating / pitching for new distribution alliances. The role also entails providing executive and strategic support to the CEO as part of the Chief of Staff team.

B Organizational Relationships

Reports To

Senior Vice President - Strategic Initiatives

Supervises

Senior Manager

D Job Dimensions

Internal Stakeholders

1) MD & CEO

2) ManCom members

3) Shareholders (Tata and AIA)

4) All internal functions

External

Consultants, IRDAI, Life Council

C Key Result Areas (Roles & Responsibilities)

Develop corporate strategy and ensure alignment with functional strategies

+ Annual Operating Plan: Co-own the annual operating planning exercise with Finance and engage both internally (and externally (shareholders)

+ Spearhead industry benchmarking studies and syndicate findings to the management and the Board

+ Regular review of the channel performance to identify distribution and operational gaps and recommend corrective measures

+ Assist sales and operations in developing segment / channel specific strategies

+ Ensure higher synergy between Finance, Actuarial, Sales, Operations and Corporate Strategy teams

Shareholder and quarterly Board Meeting requirements

+ Work closely with AIA (RCE Office) and Tata Sons (Chairmans Office) to deliver all planned and ad hoc requirements

+ Preparation of quarterly CEO s update to board and other committee meeting related requirements

+ Facilitate pre-board meet discussions and assist the ManCom in preparation for the Board Meet with adequate back-up material.

+ Ensure regular tracking of Board and shareholder related actionables

Chief Of Staff team

+ Provide executive, administrative and development support to the MD / CEO. Assist the function in serving as the primary point of contact for internal & external constituencies on all matters pertaining to the MD / CEO

+ End-to-end management of visits of delegations from AIA and Tata Sons.

+ Ensure end-to-end scheduling, management and smooth running of ManCom meetings

+ Attend meetings with the CEO as part of the Chief of Staff team member

+ Drive organizational deliverables and assist in cross functional projects

+ Assist the Executive Assistant of the MD/CEO in efficient management of MD/CEO s calendar

Internal and external business reviews / reporting

+ Responsible for analytical and structured leveraging of existing channels. Transition from mere data / MI based approach to analytics backed reviews.

+ Prepare monthly business review documents for internal and shareholders review. Revamp review templates in coordination with various stakeholders

+ Responsible for carrying out all review meetings and ensuring relevant material is shared with the senior management beforehand.

+ Ensure relevance, accuracy, timeliness and ease of consumption from the content perspective.

Central SPOC

+ Act as a SPOC for all functions and facilitate closure of projects within the agreed timelines.

Support Business Development (new distribution alliances)

+ Assist the business development team in identifying prospective partners, preparation of RFP submissions, derive business potential and create pitch presentations.

Ad hoc projects / initiatives

+ Create reserve bandwidth for unforeseen / ad hoc initiatives / projects

E Skills Required

Technical

Life insurance business understanding including product/segment and its margin profile and various distribution model working knowledge

Behavioral

Essential

Desired

Interpersonal skills

Communication skills

Creative thinking skills

Supervising/Leadership skills

Teamwork Skills

Influencing skills

Relationship Building skills

Decision making skills

F Incumbent Characteristics

Essential

Desired

Qualification

Graduate / Postgraduate

MBA

Experience

8 to 10 years (Minimum)


Employment Type: Full Time, Permanent

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Company Website
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25%
13%
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6%
5%
15% candidates got the interview through other sources.
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What people at Tata AIA Life Insurance are saying

3.5
 Rating based on 5 Assistant Vice President reviews

Likes

The best Co to work for

Dislikes

NA

Read 5 reviews

Assistant Vice President salary at Tata AIA Life Insurance

reported by 59 employees with 12-21 years exp.
₹17 L/yr - ₹29 L/yr
6% less than the average Assistant Vice President Salary in India
View more details

What Tata AIA Life Insurance employees are saying about work life

based on 3k employees
50%
64%
60%
99%
Flexible timing
Monday to Saturday
Within city
Day Shift
View more insights

Tata AIA Life Insurance Benefits

Submitted by Company
Job Training
Health Insurance
Soft Skill Training
Cafeteria
Submitted by Employees
Job Training
Health Insurance
Soft Skill Training
Work From Home
Team Outings
Free Transport +6 more
View more benefits

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Tata AIA Life Insurance Mumbai Office Location

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Mumbai, Maharashtra Office
Headquarter
14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra 400013, IN Mumbai, Maharashtra
400013

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