Area Manager - IMF and New Growth Initiative

Date: Apr 11, 2024

Location: Lucknow, UP, IN

Company: maxlifeins

Job Description

Job Code:

 

Position

 

Area  Manager-IMF

Reporting To

Regional Manager  - IMF

Department

 

IMF & New Growth Initiatives

 

Function

IMF & New Growth Initiatives

 

Location

 

 

Band

4

Job Summary:

 

  • Implement the strategy to setup and develop the IMF Channel in the designated territory. Setup and manage a pool of 10-15 Insurance Marketing Firms managing a revenue stream of around 2 cr.

 

Key Responsibilities/ Key Deliverables:

 

  • Understand the IMF regulation, value proposition & registration process
  • Independently implement the IMF acquisition plan in the territory
      • Identify potential leads and sources for prospective IMF’s, coordinate with HO for referred leads
      • Connect with prospects & organize seminars for IMF acquisition
      • Ensure conversion of leads through effective pitch of IMF value proposition
  • Ensure quality of IMF’s in sync with desired profile
  • Enable the setup of IMF of agreed prospects
      • Understand all regulatory requirements and manage the IMF registration process with IRDA
      • Oversee technology support to enrolled IMF’s
  • Ensure seamless contracting of IMF’s with Max Life
  • Manage performance of setup IMF’s in steady state
      • Develop understanding of products & coach IMF staff on product USP’s
      • Implement a performance management and rewards system
      • Drive IMF profitability through improving productivity of IMF’s sellers & controlling cost of sales
      • Provide marketing, training and operational support to IMF’s
      • Manage attrition of IMF’s through revival or replacement
  • Drive quality of business sourced from IMF’s
      • Ensure right product mix and control key quality measures such as leakage and persistency

 

Measures of Success:

 

  • IMF Acquisition
  • Revenue
  • IMF Activity & Retention
  • Quality of Business

 

Job Specifications:

 

  • Educational Background:  Preferably a graduate
  • Work Experience:  At least 5-6 years of experience in Sales & Distribution, Key Account Management

 

Additional Information (Optional):

 

  • Key Relationships
  • Nature of the Role
  • Presence
  • Commercial Aspect
  • Cross Functional Skills

 

 

 

Job Location

Lucknow - GO2

Job Description

Job Summary:

Key Responsibilities/ Key Deliverables:

Measures of Success:

Job Summary:

Knowledge & Skill Matrix:

Additional Information (Optional):

Job Description

Job Code:

 

Position

 

Area  Manager-IMF

Reporting To

Regional Manager  - IMF

Department

 

IMF & New Growth Initiatives

 

Function

IMF & New Growth Initiatives

 

Location

 

 

Band

4

Job Summary:

 

  • Implement the strategy to setup and develop the IMF Channel in the designated territory. Setup and manage a pool of 10-15 Insurance Marketing Firms managing a revenue stream of around 2 cr.

 

Key Responsibilities/ Key Deliverables:

 

  • Understand the IMF regulation, value proposition & registration process
  • Independently implement the IMF acquisition plan in the territory
      • Identify potential leads and sources for prospective IMF’s, coordinate with HO for referred leads
      • Connect with prospects & organize seminars for IMF acquisition
      • Ensure conversion of leads through effective pitch of IMF value proposition
  • Ensure quality of IMF’s in sync with desired profile
  • Enable the setup of IMF of agreed prospects
      • Understand all regulatory requirements and manage the IMF registration process with IRDA
      • Oversee technology support to enrolled IMF’s
  • Ensure seamless contracting of IMF’s with Max Life
  • Manage performance of setup IMF’s in steady state
      • Develop understanding of products & coach IMF staff on product USP’s
      • Implement a performance management and rewards system
      • Drive IMF profitability through improving productivity of IMF’s sellers & controlling cost of sales
      • Provide marketing, training and operational support to IMF’s
      • Manage attrition of IMF’s through revival or replacement
  • Drive quality of business sourced from IMF’s
      • Ensure right product mix and control key quality measures such as leakage and persistency

 

Measures of Success:

 

  • IMF Acquisition
  • Revenue
  • IMF Activity & Retention
  • Quality of Business

 

Job Specifications:

 

  • Educational Background:  Preferably a graduate
  • Work Experience:  At least 5-6 years of experience in Sales & Distribution, Key Account Management

 

Additional Information (Optional):

 

  • Key Relationships
  • Nature of the Role
  • Presence
  • Commercial Aspect
  • Cross Functional Skills