branch head ( vp) -kolkata

posted
contact
randstad india
position type
permanent
apply now

posted
location
kolkata, west bengal
function
Insurance
position type
permanent
experience
15 To 20
reference number
939756
contact
randstad india

job description

branch head ( vp) -kolkata

Financial
? Increase reach and market share by adding new clients in the desired segment to the
Organisations portfolio
? Give leads to other regions and verticals to expand footprint across geographies
? Achieve financial targets articulated in the strategic plans of the Organisation in terms of the
brokerage earned through
o Conversions of new clients
o Ensuring expansion and cross selling to existing clients
o Retention of existing clients
o Support of specialist vertical budgets
? Ensure renewal portfolio expansion through
? Review of the coverages under existing policies and other areas of risk coverage
? Relationship building with the insurance companies and surveyors to ensure optimum claim
settlement in minimum time
? During processing of claim analyze the following and communicate to underwriters:
o adequacy of coverage wrt. location specifications eg. Earthquake /flood etc
o adequacy of sum insured
o risk improvement
o anomalies in the policy
o scope of additional policies
o other related information

? Ensure that risk inspection is conducted by the concerned team to support closure of new
business
? Prepare and monitor budgets including manpower and automation budgets
? Control expenses to operate within departmental budgets
? Monitor collection of brokerage booked, reinsurance payment to reinsurer within budgeted
timelines and reconciliation of all collections and payments with the corporate Finance
department
? Keep track of cash flow and ensure all vendors payments, statutory and fees and payments with
respect to the North region are made on time

Benefits
?Business Process
Ensure creation of potential databases from insurers and other sources
? Ensure quote management as per laid down standards and timelines
? Ensure updation of KPTS ( Key Prospect Tracking System) immediately
? Ensure policy papers are obtained by teams from existing and potential clients
? Oversee thorough analysis of Policy Portfolio of existing and potential clients with inputs from the
underwriting and claims department to verify that the client has adequate coverage and best of
rates and prepare offerings to bridge gaps

Client Introduction
An insurance and reinsurance broking firm licensed by
IRDA. One of the largest broking firms in India, with a leadership position in the East, we partner almost all reputed insurance companies in India, both public and private. Our services include Direct Insurance Broking, Reinsurance Broking, Employee Benefits Solutions, Lenders' Insurance Advisory for banks & project finance institutions and Claims Facilitation

skills

?New Business Development in the General Insurance Space
Leadership skills to head a Branch

qualification

To oversee the development of new business of the company. in Kolkata and
ensure the creation of a steady pipeline for new businesses in future through relationship building with existing and
potential clients to make the organization the preferred insurance broking house for clients and also take care of the entire
operations and administration of the Kolkata office.