RenewBuy - Business Development Manager II Agency Channel II Chennai ( 1-0 Yrs )

About Renewbuy

RenewBuy, launched in 2015, has rapidly become the 2nd largest Insure-Tech player in India. Our unique approach of digitizing the consumer journey through Agents has positioned us ahead of traditional and digital players. Offering Motor, Health, and Life Insurance, RenewBuy is on track to be a 2000 Cr annualized business with a dynamic team of 2500+ employees operating in 50+ cities.

The company recently raised USD 40 million from Japanese insurance major Dai-ichi Life Holdings Inc. We are seeking to enhance our presence in 1000+ locations across the country and increase the agent base to 2 lac on our platform.

• CEO - Balas interview on CNBC https://www.facebook.com/cnbctv18india/videos/renewbuy-raises-45- million/492891631799242/
• WEBSITE: renewbuy.com
• Here Is What Only RenewBuy Offers

• Lowest premiums for Motor, Health & Life Insurance
• 1-Click Renewal
• Buy Policy in 3 steps
• Expertise and advice to help customer choose the right company and the right insurance type
• Claim assistance

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Level Description

Sets specific standards / objectives with short-term focus, Adapts communication based on given audience to reach an agreement, modifies processes in defined domain, Follows defined procedures and receives direction regarding work priorities from the manager. Works independently on routine tasks. Exercises limited discretion within established guidelines. Functions as Team Member. Growing ability to apply general principles and standard techniques/procedures. Manage Mid-Size teams (4 – 5)

Objective

Responsibilities

To manage team of TSM and RMs and to develop and manage the Individual Agency Channel in the assigned area. PRIMARY RESPONSIBILITIES INCLUDE:

• Agency Channel /POS Development
• Help employee for Sourcing/servicing POS Agents as per the agreed mix and policy.
• Agency Channel/POS Development for the assigned location.
• Coordinating with Operations team for pre licensing, training, and licensing.
• Conduct induction training and coordinate with sales training team for product and ongoing trainings for the respective POS.
• Maintaining the agreed mix of new and existing agents /POS.
• Develop and execute strategies to reach out to various market segments.
• Agency Channel /POS Management
• Monitoring Agent performance on the common variables of segment way to the market -Renewal/Fresh database, funnel, and closures.
• Maintaining the high active percentage of POS.
• Controlling Attrition of POS Agents.
• Ensuring high productivity of team and POS and manage the right level of channel engagement with the POS.
• Channel Servicing
• Reconciliation of partner accounts and coordination with all the departments for same
• Profitability
• Work on various market dynamics and provide feedback for the improvement in the internal organisation to cope up with the same.
• Management of loss ratios.
• Compliance & Hygiene
• To ensure compliance with the external bodies and other authorities.
• Ensure internal compliance.
• Manage cheque bounce recovery and business pendency.

Qualification

• Graduate
• Should have a Minimum of 1+ years of experience in Insurance Agency Sales

Choosing RenewBuy means working in a company with solid growth prospects and building career around the strength of technology. By joining us you can become a part of growing team that values your opinion, ideas and intellectual courage. Contribute to our growth by using your skills, grow your career in insurance domain and increase your industry impact. We value hard workers and reward with unlimited opportunity. If one has the passion and the dream to do something different, join us.

Qualifications

• Graduate
• Should have a Minimum of 1+ years of experience in Insurance Agency Sales
  Other Responsibilities As Per The KPI And Growth Factors.
• Choosing RenewBuy means working in a company with solid growth prospects and building career around the stre
• To Manage Team Of TSM And RMs And To Develop And Manage The Individual Agency Channel In The Assigned Area. PRIMARY RESPONSIBILITIES INCLUDE:

• Agency Channel /POS Development
• Help employee for Sourcing/servicing POS Agents as per the agreed mix and p

Over 7 years old company, RenewBuy was started by Indraneel Chatterjee and Balachander Sekhar. RenewBuy is a fully technology-integrated, industry-focused insurance and financial products consulting firm. Our highly trained and specialized advisors are peer-level consultants who serve as an extension of our customers financial and insurance needs to proactively elevate customers experience, simplify processes, and make them more accessible. RenewBuy is a proud people-driven organization with a reputation for technology innovation, service, and culture.

With a strong network of over 90,000 advisors spread across 750+ cities, RenewBuy envisions providing financial and insurance products across the length and breadth of the country. RenewBuy is branched across 60+ offices with a total employee strength of 2000+ and works with over 35+ insurers across motor, health, and life insurance categories and financial products in loans, credit cards, and health plans.

• Our Core idea, vision, and mission
• Vision: Insurance and Financial products simplified and made accessible to all
• Mission: Deliver the widest choice of insurance and financial products on a reliable platform through digitally enabled advisors
• Values: Execution excellence - We will deliver high-quality & innovative thinking to provide reliable solutions
• Advisor Obsession - We would keep our advisor at the center of whatever we do