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Tata AIA Life Insurance

Compare

4.0

based on 3.2k Reviews

Video summary

640 Tata AIA Life Insurance Jobs

Vice President - Strategic Initiatives

Tata AIA Life Insurance Company Ltd.

4.0

based on 3.2k Reviews

12-15 years

Mumbai

1 vacancy

Vice President - Strategic Initiatives

Tata AIA Life Insurance

posted 2mon ago

Job Role Insights

Flexible timing

Key skills for the job

Project Management Operations Analytical Chemistry Financial Services Agile Coaching Strategic Planning

+ 3 more

Job Description

The Vice President - Strategy will play a pivotal role in formulating and executing the company s strategic goals. The role requires a high level of analytical rigor, market insight and cross-functional collaboration to ensure the company achieves its long-term objectives in a competitive insurance market. The candidate will also be instrumental in identifying growth opportunities, enhancing profitability and driving organizational alignment.

C. Organizational Relationships

Reports To

Executive Vice President - Strategy, Alliances and Chief of Staff

Supervises

1 AVP, 1 SM & 1 Manager

D. Job Dimensions

Internal Stakeholders

1) MD & CEO

2) ManCom members

3) Shareholders (Tata Sons and AIA)

4) Functional Heads

External

Consultants, IRDAI, Life Council

E. Key Result Areas (Roles & Responsibilities)

Market and Competitive Analysis

+ Conduct in-depth research and analysis of market trends, customer behaviour, and competitor strategies to identify opportunities and threats.

+ Provide actionable insights to improve the company s market positioning

Business growth expansion (Organic and Inorganic)

+ Identify and evaluate new business opportunities, partnerships and product offering to drive growth

+ Develop and present business cases for diversification or investment initiatives

Stakeholder Management

+ Work closely with cross-functional teams (e.g. Distribution, Marketing, Products, Finance and Actuarial) to ensure alignment on strategic priorities.

+ Collaborate with the stakeholders on strategic discussions and decision making

Performance Monitoring and Reporting

+ Design and monitor key performance indicators (KPIs) to measure the effectiveness of strategic initiatives

+ Ensure timely and accurate reporting of strategic outcomes to executive leadership and course correction

Innovation and Digital Transformation

+ Drive innovation by leveraging technology and digital solutions to enhance customer experience and operational efficiency

+ Stay abreast of emerging technologies and trends in the insurance and financial services industries

Agile response to external changes (regulatory / market)

+ Keep abreast about market and regulatory environment

+ End-to-end strategic planning for upcoming opportunities right from detailed evaluation, business cases to action planning and overseeing implementation

+ Detailed impact analysis of various risks and develop mitigation strategies to address identified risks

Support new partner acquisition

+ Provide strategic inputs and support on business cases to the Alliance team for tie-ups with banks and credit life partners

Ad hoc projects / initiatives

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

Skills Required

Technical

Strong business understanding of consumer segments / propositions, distribution dynamics, strong analytical capabilities, project management, etc.

Behavioral

Essential

Desired

Interpersonal skills

Communication skills

Creative thinking skills

Supervising/Leadership skills

Teamwork Skills

Influencing skills

Relationship Building skills

Decision making skills

Incumbent Characteristics

Essential

Desired

Qualification

Postgraduate

MBA

Experience

12-15 years (Minimum)

Employment Type: Full Time, Permanent

Read full job description

Prepare for Vice President roles with real interview advice

Top Tata AIA Life Insurance Vice President Interview Questions

Q1. What is the reason behind introduction of Loan secure products amongst lenders and Insurance companies.

asked in Key Account Manager interview

View answers (5)

Q2. Say about insurance, how will get income on this plans

asked in Key Account Manager interview

View answers (4)

Q3. What are tax benefits provided in LI?

asked in Corporate Accounts Manager interview

View answers (2)

View all 43 questions

What people at Tata AIA Life Insurance are saying

Vice President salary at Tata AIA Life Insurance

reported by 14 employees with 15-23 years exp.

₹30.4 L/yr - ₹97 L/yr

44% more than the average Vice President Salary in India

View more details

What Tata AIA Life Insurance employees are saying about work life

based on 3.2k employees

50%

63%

60%

99%

Flexible timing

Monday to Saturday

Within city

Day Shift

View more insights

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Tata AIA Life Insurance Mumbai Office Location

View all

Mumbai (1)

Mumbai, Maharashtra Office

Headquarter

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