Jobs
Namesteyjobs.com
Hiring for Business Development Officer- Defence Channel
2 to3.5 LacYearly, Full-Time
Pune, Ahmednagar
Experience : 1 - 4 Years
Number Of Positions : 10
Notice : Max. 30 days
Dear Aspirants,
Greetings for the day!!
I. General Information
Role: Business Development Officer- Defence Designation: Associate
Department/Function: Sales Career Level: 8
Direct Reporting: Cluster Business Manager Indirect Reporting: 0
# of Direct Reportees: Nil # of indirect Reportees: 0
Highest Education: Graduation/ 10+2 Experience: 1-4 yrs
II. Job Objective
Work closely & jointly with Defense service employees and business partners to ensure CHOICe achieves its
business aspiration in line with the AOP Targets (New & Customer Retention) as stated in individual objective
setting sheets. Support channel partner in delivering higher levels of productivity and facilitate the process of
Submission –to- Issuance within mutually agreed timelines. Protect Customer & CHOICe interests by ensuring
processes /systems in-use; comply with regulatory & internal guidelines. Effectively manage channel partner
expectations & improve the quality of Relationship Management to build a mutually benefiting model. Key
responsibilities of the job holder are: Business Development | Execution – Implementation of Sales &
Customer Retention Strategies | Relationship Management. The said role requires the Job Holder to balance
Customer Servicing activity along with Sales Acquisition, while ensuring, the necessary growth as per AOP
coupled with Highest Persistency.
III. Key Responsibility Areas
# Key Result Areas Activities
1 Impact on the Business / Function
To achieve BDO wise targets.(New & Customer Retention)
To achieve desired Agent/ partner Activation targets.
To create a healthy Product Mix with traditional >50%
To create a healthy pool of lead generators across defense territory
2 Customers /Stakeholders
Provide support to agents and lead generators at the ground level. Make joint Field calls and motivate them to achieve targets.
Provide support and training for timely Submission, Pendency, and Issuance management.
Conceptualize and implement local business development initiatives for lead generation and focused sales.
Provide key inputs on business health to agent partners and agree on tactical initiatives to increase lead generators & their contribution.
3 Leadership & Teamwork Liaise with colleagues across the country to imbibe best practices
4 Operational Effectiveness & Control
Manage Persistency at 85%
Ensure timely submission of applications at HUB locations
Manage FTRs within 2% and thereby reduce Issuance TATs
IV. Key Performance Indicators
Financial
Achieve new business premium as per AOP targets rolled out by Sales and defined SFM
Achieve Traditional Product Mix target
Achieve Customer Retention targets for the portfolio.
Achieve targets as prescribed for individual BDO/ self target
Ensure timely PIR reporting and NIL PIR pending
Customer
Ensure Customer Complaints <=1% of book
Achieve defined metrics as per Sales Force Management
process/guidelines
Process
Ensure FTR at defined percentage.
Ensure Customer Retention at defined percentage
V. Major Challenges
Drive consistent business across assigned territory both New & Customer Retention premium.
Manage multiple agent /lead generators relationships with maturity and without neglecting any
particular area.
VI. Role Context
The job-holder will need to engage with agent and business partners and other key stakeholders to drive
Insurance sales through a combination of Coaching, Training, Field Sales support, and Business Development
activities.
VII. Management & Leadership of Regulatory, Compliance & Operational Risk
Report any operational risk or operational risk loss to the line manager and the Risk & Control team immediately if the jobholder becomes aware of emerging or inadequately controlled operational risk or identify an operational risk loss in accordance with Company’s Risk policy.
VIII. Observation of Internal Controls
Maintain and observe Company's internal control standards, implement and observe the Company's
Compliance Policy, including the timely implementation of recommendations made by internal/external
auditors and external regulators. Foster a compliance culture and implement the Compliance Policy by managing compliance risk and optimising relations with regulators
Regards,
Namesteyjobs Team
Role : BDO- Associate
Industry : Insurance
Functional Area : Sales
Qualification : 12th
Notice : Max. 30 days
Number Of Position : 10
Age Criteria : 20 - 35
Interview Type : By Appointment
Job Closed Or Expire : 2023-05-30
Required Skills
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