INSURANCE SALES OFFICER-FEDREAL BANK CHANNEL

 Job Description: Insurance Sales Officer - Federal Bank Channel

Key Responsibilities:

1. Revenue Generation:
  - Lead Management: Efficiently manage leads generated through 4-5 assigned bank branches.
  - Sales Conversion: Convert leads into successful sales by understanding customer needs and presenting suitable insurance products.
  - Target Achievement: Meet and exceed sales targets and revenue goals set by the company.

2. Customer Base Development:
  - Cross-Selling: Identify opportunities to sell additional insurance products to existing customers.
  - Up-Selling: Recommend higher-value products to customers when appropriate, enhancing customer satisfaction and increasing revenue.
  - Customer Retention: Implement strategies to maintain a loyal customer base and reduce churn.

3. Relationship Building:
  - Bank Staff Collaboration: Work closely with bank staff to identify potential customers and generate leads.
  - Trust Building: Develop and maintain strong, trusting relationships with bank staff to ensure their support in promoting insurance products.
  - Regular Engagement: Engage regularly with bank branches to stay updated on any new leads or potential sales opportunities.

4. Sales Process Management:
  - Documentation: Ensure all sales processes, from initial contact to policy issuance, are completed accurately and efficiently.
  - Compliance: Adhere to all regulatory and company guidelines to ensure compliance in all sales activities.
  - Follow-Up: Conduct timely follow-ups with customers to facilitate smooth policy issuance and address any concerns.

5. Market Development:
  - New Market Exploration: Identify and develop new markets and customer segments in line with the company's sales strategy.
  - Market Analysis: Conduct market research to stay informed about industry trends, customer preferences, and competitive offerings.

6. Customer Service:
  - Support: Provide excellent post-sales support to customers, addressing any queries or issues promptly.
  - Feedback Collection: Gather customer feedback to improve service quality and product offerings.

 Desired Skills and Qualifications:

- Educational Background: Bachelor’s degree in any discipline. Relevant certifications in insurance or sales are a plus.
- Experience: Prior experience in sales, preferably in the insurance sector, is desirable but not mandatory.
- Communication Skills: Excellent verbal and written communication skills to effectively interact with customers and bank staff.
- Interpersonal Skills: Strong interpersonal skills to build and maintain relationships with customers and colleagues.
- Sales Acumen: Proven ability to understand customer needs and sell appropriate insurance products.
- Customer Focus: A customer-centric approach with a commitment to delivering high-quality service.
- Goal-Oriented: Strong motivation to meet and exceed sales targets.
- Adaptability: Ability to work in a dynamic environment and adapt to changing sales strategies and targets.
- Problem-Solving: Strong problem-solving skills to address customer queries and issues effectively.
- Compliance Knowledge: Understanding of regulatory requirements and compliance standards in the insurance industry.

 Benefits:

- Competitive salary with performance-based incentives.
- Professional development and training opportunities.
- Health insurance and other employee benefits.
- Career growth potential within the company.

This role offers a great opportunity to start or further your career in the life insurance sector, leveraging your sales skills to generate business and build lasting relationships with customers and bank staff.