Senior Manager - Business Planning & Analytics at maxlifeins

Gurugram, haryana, India -

Full Time

Start Date

Immediate

Expiry Date

24 Dec, 25

Salary

0.0

Posted On

25 Sep, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Result Orientation, Relationship Management, Networking Skills, Negotiation Skills, Problem Solving, Decision Making, Strategic Planning, Execution, Analytical Skills, Process Orientation, Presentation Skills, Communication Skills, Bancassurance Model Understanding, Creative Thinking

Industry

Insurance

Description

Job Description Job Title Senior Manager - Business Planning & Analytics Location Gurugram 90 C Department Bancassurance Function Bancassurance - Business Planning & Analytics Reporting to Chief Manager - - Business Planning & Analytics Band 4A Function Summary The Bancassurance Department within Axis Max Life Insurance plays a critical role in driving the distribution of life insurance products through our strategic partnership with Yes Bank. This department leverages Yes Bank’s existing customer base and infrastructure to offer insurance solutions. Bancassurance Department serves as a bridge between Axis Max Life Insurance Company and Yes Bank, ensuring that insurance products are effectively marketed and sold to a wide customer base, while maintaining high standards of customer service, compliance, and performance. Below is a summary of the key functions typically performed by the Bancassurance Department: Sales and Distribution Management Customer Relationship Management Compliance and Regulatory Oversight Job Summary Contribute to the development of the strategy and implementation of the Business Plan for the Bank partnership. Define directions and objectives considering both internal and external scenarios to maximize revenue and profitability from the relationship. Sustain a successful relationship with the partner, characterized by a high level of strategic alignment & tactical engagement in the life insurance business. Incumbent should spearhead channel-level initiatives, manage ambiguity effectively, and work independently. Key Responsibilities Conduct market research using publicly available information and collaborate with sales leaders for competition benchmarking on key parameters Lead the development and execution of business strategies, collaborating with senior executives to align on long-term goals and priorities Simulate costs, design, and launch Campaigns and Performance Management Schemes (Goal Sheet, and Career Progression) Analyze the effectiveness of Performance Management Schemes and Campaign management, offering course correction where necessary Enable sales governance rhythm for Business Heads by providing adequate data and business insights for effective Sales reviews and decision-making Prepare business highlights and review documents of the channel for Board Members, Top Management, and External Partners Conceptualize, design, and improve Templates for New Dashboards/Reports along with key stakeholders for Performance Management Utilize data analytics and deep dives to find answers to business problems or enhance business visibility in unexplored areas Support Management with business intelligence and employee performance analysis for better decision-making Negotiate and monitor costs and commissions. Set standards and guidelines for the team. Periodically review actual spends vs. standards and takes appropriate action in order to maintain expense ratios to ensure sustainability of operations. Measures of Success: Manage cross functional and internal team to submit deliverable as per agreed timeliness Ensure high quality of review documents, dashboards, and conceptualization of new reports. Stakeholder management - work alongside decision-makers on a day-to-day basis to address business-specific requirements. Productivity Measures (Case Rate, Case Size, AFYP per FTE, Seller Activisation, Persistency etc.) Headcount vs. plan No. of training interventions vs. plan No of customized training programs No. of Sales Promotions Promotion wise success criteria Key Relationships (Internal /External) Chief Manager – Bancassurance & PD HR and Sales Training Team Compliance Team Key competencies/skills required Result Orientation Strong relationship, networking & negotiation skills Working with & through others Problem Solving & Decision Making Role Modeling Core Values Strategic Planning & Execution Analytical skills & process orientation Strong presentation & communication skills In-depth understanding of the Bancassurance model Ability to think creatively Desired qualification and experience Graduate/ Post Graduate in any discipline Good communication skills Age group: 35-45 years 10-12 years of experience in intensive Distribution operations, prior experience in Insurance essential Result Orientation, working with & Through Others, Innovation, Customer Centricity, Technical Expertise, Managerial Expertise, Problem Solving & Decision Making, Business Acumen, Role Modelling Core Values, Strategic Planning & Execution About Axis Max Life Insurance Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per the annual audited financials for FY2023-24, Axis Max Life Insurance has achieved a gross written premium of INR 29,529 Cr. For more information, please visit the company website at www.maxlifeinsurance.com. #ComeAsYouAre LGBTQIA+ and PwD candidates of all ages are encouraged to apply Job Description Job Title Senior Manager - Business Planning & Analytics Location Gurugram 90 C Department Bancassurance Function Bancassurance - Business Planning & Analytics Reporting to Chief Manager - - Business Planning & Analytics Band 4A Function Summary The Bancassurance Department within Axis Max Life Insurance plays a critical role in driving the distribution of life insurance products through our strategic partnership with Yes Bank. This department leverages Yes Bank’s existing customer base and infrastructure to offer insurance solutions. Bancassurance Department serves as a bridge between Axis Max Life Insurance Company and Yes Bank, ensuring that insurance products are effectively marketed and sold to a wide customer base, while maintaining high standards of customer service, compliance, and performance. Below is a summary of the key functions typically performed by the Bancassurance Department: Sales and Distribution Management Customer Relationship Management Compliance and Regulatory Oversight Job Summary Contribute to the development of the strategy and implementation of the Business Plan for the Bank partnership. Define directions and objectives considering both internal and external scenarios to maximize revenue and profitability from the relationship. Sustain a successful relationship with the partner, characterized by a high level of strategic alignment & tactical engagement in the life insurance business. Incumbent should spearhead channel-level initiatives, manage ambiguity effectively, and work independently. Key Responsibilities Conduct market research using publicly available information and collaborate with sales leaders for competition benchmarking on key parameters Lead the development and execution of business strategies, collaborating with senior executives to align on long-term goals and priorities Simulate costs, design, and launch Campaigns and Performance Management Schemes (Goal Sheet, and Career Progression) Analyze the effectiveness of Performance Management Schemes and Campaign management, offering course correction where necessary Enable sales governance rhythm for Business Heads by providing adequate data and business insights for effective Sales reviews and decision-making Prepare business highlights and review documents of the channel for Board Members, Top Management, and External Partners Conceptualize, design, and improve Templates for New Dashboards/Reports along with key stakeholders for Performance Management Utilize data analytics and deep dives to find answers to business problems or enhance business visibility in unexplored areas Support Management with business intelligence and employee performance analysis for better decision-making Negotiate and monitor costs and commissions. Set standards and guidelines for the team. Periodically review actual spends vs. standards and takes appropriate action in order to maintain expense ratios to ensure sustainability of operations. Measures of Success: Manage cross functional and internal team to submit deliverable as per agreed timeliness Ensure high quality of review documents, dashboards, and conceptualization of new reports. Stakeholder management - work alongside decision-makers on a day-to-day basis to address business-specific requirements. Productivity Measures (Case Rate, Case Size, AFYP per FTE, Seller Activisation, Persistency etc.) Headcount vs. plan No. of training interventions vs. plan No of customized training programs No. of Sales Promotions Promotion wise success criteria Key Relationships (Internal /External) Chief Manager – Bancassurance & PD HR and Sales Training Team Compliance Team Key competencies/skills required Result Orientation Strong relationship, networking & negotiation skills Working with & through others Problem Solving & Decision Making Role Modeling Core Values Strategic Planning & Execution Analytical skills & process orientation Strong presentation & communication skills In-depth understanding of the Bancassurance model Ability to think creatively Desired qualification and experience Graduate/ Post Graduate in any discipline Good communication skills Age group: 35-45 years 10-12 years of experience in intensive Distribution operations, prior experience in Insurance essential Result Orientation, working with & Through Others, Innovation, Customer Centricity, Technical Expertise, Managerial Expertise, Problem Solving & Decision Making, Business Acumen, Role Modelling Core Values, Strategic Planning & Execution About Axis Max Life Insurance Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per the annual audited financials for FY2023-24, Axis Max Life Insurance has achieved a gross written premium of INR 29,529 Cr. For more information, please visit the company website at www.maxlifeinsurance.com. #ComeAsYouAre LGBTQIA+ and PwD candidates of all ages are encouraged to apply

Responsibilities

The Senior Manager will contribute to the development and implementation of the Business Plan for the Bank partnership, focusing on maximizing revenue and profitability. The role involves leading business strategies, conducting market research, and providing insights for effective decision-making.