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607 Tata AIA Life Insurance Jobs
Regional Sales Manager - Axis Bank Alternate Channel
6-10 years
Mumbai
1 vacancy
Regional Sales Manager - Axis Bank Alternate Channel
Tata AIA Life Insurance
posted 1mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
A Position Overview
Position Title
Regional Sales Manager
Department
Partnership Distribution
Level/ Band
Sr. Manager/AVP (601)
Role Summary:
- To manage sales and business objective of the zone/ cluster, meeting or exceeding key targets
- To ensure achievement of sales targets, optimal market coverage, realize any market segment objectives and ensure optimal market penetration in any specified segments.
- To plan resource allocation and be responsible for financial viability of the zone.
- To effectively lead and manage his sales team by providing them with ongoing coaching
- To ensure that the sale behavior, sales ethics and sales practices of the sales team comply with company standards and regulations
- To closely work with the channel head to design sales strategies and initiatives that will cause improvement of sales performance across business.
B Organizational Relationships
Reports To
National Account Manager
Supervises
Area Managers/ Relationship Managers
C Job Dimensions
Geographic Area Covered
Zone/ Cluster
Internal Stakeholders
Training
Product Management
Branch Operations
Legal & Compliance
Distribution Operations
External
Channel Partner
D Key Result Areas
The role is to deliver sales growth in the banc-assurance space involving in key markets managed by the job holder. It involves, managing all aspects of Sales & Distribution; delivering on sales numbers as per AOP; exceed customer expectations (both for the distributor & end customer) and service standards; implement business strategies to maximize profitability of CHOICe and provide guidance to the channel to build sustainable insurance sales models in the regions. The job holder needs to drive the companys sales strategy through Regional Managers/HUB Heads across designated HUBs under purview, by translating the strategic plan into specific actionable in alignment with INHAs direction. Ensure all business expenses and employee costs are within budgets as approved by the Board and in line with the desired Cost Income ratios for the region. The job holder needs to constantly source, develop and grow distributor relationships in a highly competitive market. These Markets & Distributors are under different stages of development with different customer expectations and hence, it is critical to develop & implement creative and innovative local/regional level business development initiatives to support sales growth.
Organization Process
Key Contributions
Strategic Business Development
- The role holder will lead the Zone sales growth in Axis relationship and shall be assigned the Zone Targets for the verticals . He shall have the overall responsibility for planning and establishing the Zonal sales team to support the Axis partnerships distribution strategy and for leading the zone sales planning and implementation of that strategy.
- It involves, managing all aspects of Sales & Distribution; delivering on sales numbers as per rolled out plan; exceed customer expectations (both for the partner & end customer) and service standards; implement business strategies to maximize profitability and provide guidance to the channel to build sustainable insurance sales models in the Zone.
- The job holder needs to drive the companys sales strategy through Regional Managers/Area Managers by translating the strategic plan into specific actionable in alignment with channel head s direction.
- Ensure all business expenses and employee costs are within budgets as approved by the Board and in line with the desired Cost Income ratios for the region.
- The job holder needs to constantly source, develop and grow channels relationships in a highly competitive market.
Business Development
- To establish and expand operations within all verticals
- Achieve pre-set business targets on ANP, case count, active branch, active sales staff and various KPIs for the Zone .
- To achieve branch & SP/RM Activation Targets
- Ability to set high standards for self. Continuously improve own performance and meet or exceed objectives
- Provide support to Regional Sales Managers/ Area Managers
- To establish and build up solid healthy relationship and rapport with the senior management of the allocated Bank Branches to generate sales and achieve targets
- To Plan sales structures, recruitment and training requirements
- To establish appropriate systems and processes at the Zonal level
- To develop, agree and implement short term and long term plans to achieve sales volumes and desired product mix as set out in the business plans and financial models of the Bank partner
Team Management
- Monitor the sales momentum on sales staff and branch level. Provide targeted coaching to uplift sales productivity.
- Conduct regular reviews of the Sales Teams and design their Development Plans accordingly
- Lead by example in all spheres and direction setting
- Review and track the growth of managers to ensure that they achieve their individual budget
- Maintain utmost levels of responsiveness to requirements from the Regional / Zonal / National Head
- To develop and operate cost effective yet motivating reward and remuneration structures for sales personnel
- To ensure high levels of retention, productivity and persistency
- develops networks and builds alliances with wide range of stakeholders to facilitate win-win situations
- leveraging existing relationships well and is mature in creating strong personal rapport and build long lasting relationship
Ensure Compliance
- Ensure compliance to internal sales process & other compliance standards
- Should be process & product champion who can share best practices & knowledge within the team
- Ensures adherence to policies and procedures to cultivate a compliance culture in the team
- Maintain and observe Company s internal control standards, implement and observe the Company s Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators. Foster a compliance culture and implement the Compliance Policy by managing compliance risk and optimizing relations with regulators
MIS & Reporting
- Maintain required trackers & reports to be submitted to various stakeholders
- Conduct Business Analytics and take corrective measures
Risk
- Own-up the risk of the function by developing a risk aware culture through participation in measurement, analysis and mitigation of risks associated with the respective function. This includes development of risk response processes, participation in contingency and business continuity programs and reporting of emerging risks with potential impacts. Also respond to risks highlighted by employees through formal / informal mechanisms and advice on various risk management issues within the organization and provide feedback. Participate in implementing risk mitigation plan through optimum resource allocation, monitoring and reporting on status.
E Skills Required
Technical
- Product/Subject matter expertise
- Team Management skills
- Mentoring skills
- Business perspective & planning
- Performance Management skills
- Finance / Insurance industry awareness
- Interviewing skills
- Self management
- Problem solving skills
- Peer level co-ordination and influencing skills
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
PG/ MBA
PG /MBA
Experience
12 - 15 Sales years
Life Insurance Background
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Regional Sales Manager roles with real interview advice
Top Tata AIA Life Insurance Regional Sales Manager Interview Questions
Q1. What is the reason behind introduction of Loan secure products amongst lenders and Insurance companies.
asked in
Key Account Manager interview
Q2. Say about insurance, how will get income on this plans
asked in
Key Account Manager interview
Q3. What are tax benefits provided in LI?
asked in
Corporate Accounts Manager interview
What people at Tata AIA Life Insurance are saying
Rating based on 5 Regional Sales Manager
reviews
Anonymous · Sales & Business Development
in Chennai
Likes
Valus and vision
- Salary - Excellent
+6 more
Dislikes
No separate work station for manager and senior manager
Regional Sales Manager salary at Tata AIA Life Insurance
reported by
41
employees
with 14-19
years exp.
₹8.5
L/yr - ₹28
L/yr
20%
more
than the average Regional Sales Manager
Salary in India
View more details
What Tata AIA Life Insurance employees are saying about work life
based on 3.2k employees
Flexible timing
Monday to Saturday
Within city
Day Shift
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 
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Tata AIA Life Insurance Mumbai Office Location
Mumbai, Maharashtra Office
Headquarter
14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra 400013, IN
Mumbai, Maharashtra
400013
400013
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