State Head - Bancassurance

State Head - Bancassurance

Job Description:

The State Head - Bancassurance is a senior leadership role responsible for the overall strategy and performance of the bancassurance channel within a specific state.

This role involves managing relationships with partner banks, driving business growth through their branch network, and leading a team of bancassurance managers and executives.

The State Head is accountable for achieving the state's business targets and expanding the partnership's reach.

Key Responsibilities:

- Strategic Planning: Develop and execute a comprehensive business plan for the state's bancassurance channel.

- Partnership Management: Build and nurture a strong relationship with the regional and state leadership of partner banks.

- Team Leadership: Recruit, train, and lead a high-performing team of bancassurance managers and sales executives.

- Performance Management: Monitor and analyze performance metrics against targets, implementing corrective actions as needed.

- Market Expansion: Identify new growth opportunities and expand the bancassurance channel's footprint across the state.

- Training & Development: Ensure the bank's front-line staff are well-trained on insurance products and sales processes.

- Compliance: Ensure all sales activities are in compliance with regulatory guidelines and company policies.

Qualifications:

- Bachelor's degree in Business, Finance, or a related field.

- An MBA is preferred.

- Minimum of 10-12 years of experience in sales and business development, with at least 5 years in a leadership role within the bancassurance or financial services sector.

- Proven track record of managing a large-scale sales channel and achieving targets.

- Excellent relationship management and negotiation skills.

- Strong leadership, strategic thinking, and analytical abilities