Responsible for the day-to-day operations of the GIFT City Office, including compliance with regulations and managing relationship with key stakeholders (External & Internal).
Plays a pivotal role in driving Axis Max Life Insurance's growth within NRI Business thru new set-up in Gujarat International Finance Tech (GIFT) City
Be the P&L owner of the business plan assigned for the branch operations. At full scale of operations, the branch is expected to be ~20% of company’s NRI sales (or ~5% of total company sales)
Drive continuous improvements basis feedback from stakeholders, distributors and partner across all areas of responsibility
Key Responsibilities/ Key Deliverables:
Strategy & Business Operations:
Lead the overall sales strategy and business operations for the Gift City business of Axis Max Life Insurance.
Identify and execute opportunities to significantly impact the company's revenue and deliver financial targets.
Keep abreast of and analyze competitor strategies.
Compliance and Liaisoning:
In partnership with legal/compliance teams, ensure compliance controls and corporate governance procedures are implemented.
Liaise with SEZ, IFSCA and other stakeholders on regular basis.
Risk management: Assess changing regulations and proactively highlight potential risk areas and implement solutions accordingly.
Policy making: Participate in policy making exercises and represent the company with regulators (IFSCA)
Documentation: Maintain proper documentation for all business and operations activities
Process improvement: Build and implement processes and systems to ensure smooth functioning
Communication: Lead and facilitate interactions with Audit Committee, and other committees.
Product Development: Work closely with Product team to design life insurance products as per evolving customer needs.
Governance Rhythms: Plan and execute Governance rhythms for smooth business operations with Ops, Underwriting
Measures of Success:
Meeting or exceeding revenue and profitability targets through strategic business development initiatives
Maintaining high level of customer satisfaction, retention and acquisition
Timely and accurate regulatory submissions.
Maintaining positive, transparent relationships with GIFT city regulator
Key Relationships:
Internal Stakeholders: CCO, CDO, MD & CEO
Head- Operations, Head-NB, Underwriting & Claims
External Stakeholders: International Financial Services Centres Authority (IFSCA), GIFT SEZ Authority, IRDAI
Key Competencies/ skill required.
Strategic thinking and Analytical skills
Ability to understand big picture
Very strong communication skills: ability to express ideas clearly and persuasively.
Ability to work together with all stakeholders involved, flexibility in taking feedback and modifying approach.
Effective communication and presentation skills.
Strong negotiating and influencing skills.
Desired Qualification and Experience:
Master's degree or equivalent (preferred). CA/ CFA/MBA/Actuarial
15-20 years’ experience (including 5+ years of running independent office/branch) in BFSI Industry.
Possess thorough business management knowledge to implement processes, products, or services, and technical expertise to apply functional/process knowledge to diverse issues.
High knowledge and understanding of financial markets products.
Job Description
Position
Principal Officer - GIFT City Branch (IIO)
Incumbent
TBH
Department
Protection & Health
Function
Protection & Health
Reporting to
SVP & Head – Protection, Health & Wellness | NRI
Band
VP/CVP
Location
Gandhinagar, Gujarat
Team size (D/I)
2-5
Job Summary:
Responsible for the day-to-day operations of the GIFT City Office, including compliance with regulations and managing relationship with key stakeholders (External & Internal).
Plays a pivotal role in driving Axis Max Life Insurance's growth within NRI Business thru new set-up in Gujarat International Finance Tech (GIFT) City
Be the P&L owner of the business plan assigned for the branch operations. At full scale of operations, the branch is expected to be ~20% of company’s NRI sales (or ~5% of total company sales)
Drive continuous improvements basis feedback from stakeholders, distributors and partner across all areas of responsibility
Key Responsibilities/ Key Deliverables:
Strategy & Business Operations:
Lead the overall sales strategy and business operations for the Gift City business of Axis Max Life Insurance.
Identify and execute opportunities to significantly impact the company's revenue and deliver financial targets.
Keep abreast of and analyze competitor strategies.
Compliance and Liaisoning:
In partnership with legal/compliance teams, ensure compliance controls and corporate governance procedures are implemented.
Liaise with SEZ, IFSCA and other stakeholders on regular basis.
Risk management: Assess changing regulations and proactively highlight potential risk areas and implement solutions accordingly.
Policy making: Participate in policy making exercises and represent the company with regulators (IFSCA)
Documentation: Maintain proper documentation for all business and operations activities
Process improvement: Build and implement processes and systems to ensure smooth functioning
Communication: Lead and facilitate interactions with Audit Committee, and other committees.
Product Development: Work closely with Product team to design life insurance products as per evolving customer needs.
Governance Rhythms: Plan and execute Governance rhythms for smooth business operations with Ops, Underwriting
Measures of Success:
Meeting or exceeding revenue and profitability targets through strategic business development initiatives
Maintaining high level of customer satisfaction, retention and acquisition
Timely and accurate regulatory submissions.
Maintaining positive, transparent relationships with GIFT city regulator
Key Relationships:
Internal Stakeholders: CCO, CDO, MD & CEO
Head- Operations, Head-NB, Underwriting & Claims
External Stakeholders: International Financial Services Centres Authority (IFSCA), GIFT SEZ Authority, IRDAI
Key Competencies/ skill required.
Strategic thinking and Analytical skills
Ability to understand big picture
Very strong communication skills: ability to express ideas clearly and persuasively.
Ability to work together with all stakeholders involved, flexibility in taking feedback and modifying approach.
Effective communication and presentation skills.
Strong negotiating and influencing skills.
Desired Qualification and Experience:
Master's degree or equivalent (preferred). CA/ CFA/MBA/Actuarial
15-20 years’ experience (including 5+ years of running independent office/branch) in BFSI Industry.
Possess thorough business management knowledge to implement processes, products, or services, and technical expertise to apply functional/process knowledge to diverse issues.
High knowledge and understanding of financial markets products.
