Capmore Insurance Pvt Ltd Hiring for State Sales Head at Patna, Bihar, India

The State Head is a senior leadership role responsible for overseeing and managing all aspects of the insurance broking firm’s operations within a designated state. This includes strategic planning, business development, team management, compliance, and client relationship management.

Responsibilities:

Regional Leadership:

Provide strategic direction and leadership for the firm’s operations within the state.

Execute the company’s vision and goals at the regional level.

Business Development:

Identify opportunities for business growth and expansion within the state.

Develop and implement sales and marketing strategies to achieve revenue targets.

Team Management:

Recruit, train, and manage a team of sales, underwriting, and support staff.

Set performance goals and conduct regular evaluations.

Compliance and Regulatory Affairs:

Ensure the firm complies with all state and federal insurance laws and regulations.

Stay updated on regulatory changes and implement necessary adjustments.

Client Relationship Management:

Build and maintain strong relationships with key clients, insurance carriers, and other stakeholders.

Address client concerns and ensure high levels of customer satisfaction.

Financial Management:

Develop and manage the regional budget, monitor expenses, and ensure profitability.

Implement cost-effective strategies to maximize revenue.

Risk Assessment and Underwriting:

Assess risks and make underwriting decisions for complex insurance policies when necessary.

Ensure underwriting practices align with company guidelines.

Market Research:

Conduct market research and competitive analysis to stay informed about local industry trends and market conditions.

Identify opportunities for product and service enhancements.

Compliance and Reporting:

Prepare and submit reports on regional performance and compliance to senior management.

Maintain accurate records and documentation.

Strategic Planning:

Develop and execute regional business plans and strategies to achieve corporate objectives.

Continuously assess and adjust strategies based on market dynamics.

Crisis Management:

Handle critical incidents, claims, and crises within the state.

Collaborate with corporate teams to manage and mitigate risks.

Collaboration:

Work closely with other State Heads and senior management to align strategies, share best practices, and promote synergy across regions.

Qualifications:

• Bachelor’s degree in business, finance, or a related field (MBA preferred).
• Extensive experience in the insurance industry with a proven track record of leadership.
• In-depth knowledge of state and federal insurance regulations and compliance requirements.
• Strong analytical, problem-solving, and strategic planning skills.
• Excellent communication, negotiation, and relationship-building skills.
• Ability to adapt to changing market conditions and industry trends.
• Leadership, team management, and conflict resolution skills.

A State Head in an insurance broking firm plays a pivotal role in the firm’s success within the designated region. This position requires a combination of strategic thinking, industry expertise, and effective leadership to drive growth and ensure compliance with regulatory standards.