Deputy Vice President - Product & Strategy

Tata AIG General Insurance Company Limited is a joint venture between Tata Group and American International Group (AIG). Since its set-up in 2001, the Company has grown strongly to emerge as the preferred private general insurance company in India with several pioneering firsts to its credit. Driven by a mission to create better tomorrows for Customers by delivering trustworthy and innovative risk solutions, Tata AIG's broad portfolio of protection covers are backed by years of professional expertise in product offerings, exceptional service capabilities and seamless claims process management. We are currently seeking passionate individuals who are eager to make a meaningful impact in the world of insurance. If you're looking for a rewarding career that combines cutting-edge technology, customer-centric solutions, and a commitment to excellence, you have come to the right place. Explore our exciting opportunity below and be part of an organization that is shaping the future of insurance.Job Title: Deputy Vice President - Product & StrategyLocation: Lowerparel, MumbaiJob Description:In this role at Tata AIG, you will:This role is responsible for leading the P&S for Distribution of consumer business. Team takes care of developing AOPs, analyzing and developing key financial metrics to drive financial/strategic goals of the Consumer Lines Business. The role will require partnering closely with business leadership teams for steering various business objectives. This role would require comprehending large data sets and prepare C-level summaries for management reporting along with actionable business insights.Business Strategy1. Understand channel dynamics for Agency equation, define & design strategy & responsible for execution2. Create and implement effective sales strategies to achieve business objectives and sales targets3. Track various business metrics and take corrective actions wherever required along with various stakeholders4. Analyze market trends, competitor activities, and partner need to inform strategy5. Work closely with sales and marketing teams to develop promotional materials, design campaigns at channel and employee level6. Partner feedback and improvement: Implement changes and enhancements based on feedback to improve the distribution process7. Work MD level presentations on channel reviews and various strategic initiativesAnnual budgets / P&L simulations/ Scenario planning / Business Partnering1. Pivotal role in Annual Budget preparation, discussing with various Channel and Product Heads, bringing all stakeholders together to seamlessly deliver the budget within the desired timelines2. Develop and continually improve budgeting, financial projections, and operating forecast3. Partnering with business teams to set the annual budgets of their respective channels and monitor financial metrics monthly4. Raising violations for various underwriting ratios w.r.t boundary conditions on monthly basis, finalizing actionable and ensuring implementation of actionableHow to Apply:If you are excited to be part of a team dedicated to innovation and excellence, please submit your resume by applying to this post. We look forward to reviewing your application and welcoming you to Tata AIG, where your skills and ambitions can thrive.Tata AIG is an equal opportunity employer, and we encourage candidates from all backgrounds to apply for this role. PRB