Website:
bfil.co.in
Job details:
About This Job
Bharat Financial Inclusion Limited (100% subsidiary of IndusInd Bank Ltd.)
Location: Hyderabad, Telangana, India
Work Mode: On-site
Industry: Financial Services
Job Description
Position Summary:
The Head Bancassurance is responsible for driving and scaling up insurance business across the various channels within the organization. He / She will be product lead for Group credit life and general insurance.
Role & Responsibilities
Develop and implement a comprehensive strategy to integrate, scale, and grow the Life and General Insurance business within the organization. Drive maximum penetration of insurance products, including Life and General across customer segments. Ensure strict compliance with IRDAI guidelines and internal governance frameworks. Conduct regular governance meetings, reviews, and performance evaluations with internal stakeholders and insurance partners, as per business requirements. Ensure 100% adherence to defined sales management processes and control mechanisms. Collaborate closely with insurance partners to deliver best-in-class products, operations, and technology solutions, enabling seamless and simplified business execution. Liaise with insurance partners and cross-functional internal teams to design new processes and enhance existing workflows, including end-to-end IT integration and business process enablement. Closely monitor claims management and settlement processes, ensuring adherence to defined TATs and service levels. Lead the innovation and development of new insurance products tailored to varied portfolios and customer needs. Oversee reconciliation (Recon) management to ensure accuracy, transparency, and timely resolution. Engage regularly with operations teams and branch networks to ensure smooth execution and consistent process delivery on the ground. Keep senior management informed on market trends, benchmarking insights, and insurance industry best practices. Partner with insurance providers to drive training initiatives, manpower support, product enhancements, technology adoption, cross-sell analytics, and operational efficiency.
Qualifications And Skills
MBA from an Institute of repute.14 + years of Total Experience.5-6 years in similar roles with Zonal/National exposure having managed large portfolios across insurance & cross functional team.Should have micro finance industry exposure.Strong leadership quality | Good Business Acumen | Sharp Analytical skills | Ability to build a Team | Excellent communication skills.
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