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Senior Regional Manager – Bancassurance – Laxmi Villas Bank Relationship – CTC 12 lacs

Max life insurance co. ltd

MAX LIFE INSURANCE – Bancassurance – Career Opportunities  – Senior Regional Manager
Job Code:                                                                                              Date of Posting:


Senior Regional Manager – Bancassurance No. of Positions 1


Bancassurance Function Bancassurance
Reporting to


Vice President & National Relationship Head – Bancassurance Band 4B


Key Responsibility Areas:

  • Recruit, train and Supervise executives to achieve the agreed business targets and insurance sales in the defined cluster (15 branches) and building a progressive partnership with the bank.
  • Manage a team of 2-3 center managers
  • Manage the discrepancies at the cluster/Regional level, provide support for ongoing issue resolution, manage initiatives deployed, providing induction and on-the-job training for Ops processes and workflows to the team in order to achieve operations excellence & derive customer satisfaction.
  • Participate in the hiring process, Counsel and Mentor performance, Conduct Fortnightly PRPs, co-create and implement recognition platforms in order to build a capable and motivated team in the LAKSHMI VILAS Bank Relationship.
  • Anticipate training requirements for the partner and lead the development and deployment of partner training programs in order to increase the selling effectiveness of owned as well partner teams.
  • Implement the BOLD system and ensure that the system requirements are met in order to ensure that the relationship is productive and mutually beneficial and compliant with all regulatory requirements.
  • Deploy and monitor implementation specifically Bank staff contests/R&R in order to accelerate revenue generation with the Channel.
Measure of Success:

  • CBP, Case Size, man months, Paid cases
  • Initiatives deployed-Plan VS actual

Customer satisfaction scores.

  • Hiring vs. objectives

Employee Satisfaction Scores

  • Feedback from Partner
  • Channel Partner feedback
  • Adverse observations in Audit Scores
  • Incremental business results (Leads/policies etc.), Spend – Budget vs. actual
Desired qualifications and experience:

  • A minimum experience of 7-8 years in LI and At least 2-3 years of stint in the latest organization.
  • Should have been in a supervisory role (middle level)  in the last 3-4 years and in that At least a year of experience in a regional role.
  • Communication should be excellent. Multilingual knowledge would be an added advantage.
  • Should be willing to relocate.
  • Should be open to travel.
  • Market knowledge -Formulation of strategies and business development is a must.

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