A Shriram Life Insurance Business Manager typically leads sales teams, drives business growth, and manages client relationships within a specific region or market. Key responsibilities include recruiting and training insurance agents, developing sales strategies, achieving sales targets, and ensuring compliance with company policies and regulations.
Here's a more detailed breakdown:
Key Responsibilities:
Recruitment & Team Building:
Identifying, recruiting, and onboarding new insurance agents and advisors.
Sales Target Achievement:
Developing and implementing sales strategies to achieve individual and team sales targets.
Training & Development:
Providing ongoing training and support to agents on product knowledge, sales techniques, and customer engagement.
Relationship Management:
Building and maintaining strong relationships with clients and agents to ensure customer satisfaction and retention.
Market Expansion:
Developing and executing plans to expand the customer base and market penetration within the assigned territory.
Compliance:
Ensuring all sales activities comply with company policies, industry regulations, and ethical standards.
Sales Strategy & Planning:
Developing and executing sales strategies to achieve business targets and client acquisition goals.
Customer Engagement:
Understanding customer needs and providing appropriate insurance solutions, ensuring smooth onboarding and policy issuance.
Team Management:
Leading, motivating, and mentoring a team of sales professionals to foster a positive and productive work environment.
Performance Monitoring:
Tracking and analyzing team performance, identifying areas for improvement, and implementing corrective actions.
Operational Management:
Overseeing the day-to-day operations of the sales unit, ensuring efficiency and effectiveness.
Market Analysis:
Conducting market research and analysis to identify trends, opportunities, and potential risks.
Preferred Skills and Experience:
Sales Experience: Proven experience in sales, preferably in the insurance or financial services industry.
Leadership Skills: Strong leadership, communication, and negotiation skills.
Analytical Skills: Ability to analyze market trends, identify opportunities, and develop effective sales strategies.
Relationship Management: Ability to build and maintain strong relationships with clients and agents.
Compliance Knowledge: Understanding of relevant insurance regulations and ethical standards.
Customer Focus: Ability to understand customer needs and provide appropriate insurance solutions.
Communication Skills: Excellent verbal and written communication skills.
Teamwork: Ability to work effectively as part of a team and to motivate and lead others