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Assistant Vice President - Strategic Initiatives
11-14 years
Mumbai
1 vacancy
Assistant Vice President - Strategic Initiatives
Tata AIA Life Insurance
posted 18d ago
Job Role Insights
Flexible timing
Key skills for the job
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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What people at Tata AIA Life Insurance are saying
Rating based on 5 Assistant Vice President
reviews
Anonymous · Partnership Distribution
in Mumbai
Likes
The best Co to work for
Dislikes
NA
Read 5 reviewsAssistant 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 3.1k 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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