Business Development Manager - Insurance (Strategic Alliances) 

About Us:

RupayBaazar is a leading financial services provider committed to delivering innovative solutions to meet the diverse needs of our clients. With a focus on excellence and customer satisfaction, we offer a wide range of financial products and services, including insurance, banking, investments, and more. As part of our growth strategy, we are expanding our insurance division and seeking a dynamic Business Development Manager to drive strategic alliances in the insurance sector.

Location: Mysore, Karnataka

Job Description:

We are looking for a strategic and results-driven Business Development Manager to join our team in Mysore, Karnataka. In this role, you will be responsible for identifying, developing, and managing strategic partnerships and alliances in the insurance sector to drive business growth and revenue generation.

Key Responsibilities:

• Identify and prioritize potential strategic alliances and partnerships in the insurance sector, including insurance companies, brokers, agents, and other key stakeholders.

• Develop and execute strategic business development plans and initiatives to establish and expand partnerships that drive insurance product distribution, customer acquisition, and revenue growth.

• Negotiate partnership agreements and contracts, including distribution agreements, revenue-sharing arrangements, and co-branded insurance programs, to maximize value for all parties involved.

• Build and maintain strong relationships with key stakeholders at partner organizations, including senior executives, business development teams, and sales teams, to drive alignment and collaboration.

• Collaborate with internal teams, including product development, marketing, sales, and operations, to support the implementation and execution of partnership initiatives and ensure seamless integration with existing processes and systems.

• Monitor and analyze key performance metrics and partnership KPIs to track progress, identify areas for improvement, and optimize partnership performance.

• Stay updated on industry trends, market developments, and competitor activities in the insurance sector, and recommend appropriate actions to maintain competitiveness and capitalize on emerging opportunities.

• Prepare and present regular reports, updates, and insights on partnership performance and business development activities to senior management.

Requirements:

• Bachelor's degree in Business Administration, Finance, Marketing, or a related field. Master's degree or professional certification (e.g., CII) is preferred.

• Proven track record of successful business development experience in the insurance industry, with a focus on strategic alliances and partnerships.

• Strong understanding of insurance products, market dynamics, and customer behavior, with the ability to identify and capitalize on business opportunities.

• Excellent negotiation and relationship-building skills, with the ability to influence and collaborate effectively with internal and external stakeholders at all levels.

• Strategic thinker with a results-oriented mindset and a passion for driving business growth and revenue generation.

• Analytical and problem-solving skills, with the ability to analyze complex data and derive actionable insights to inform business decisions.

• Self-motivated and proactive approach to work, with the ability to work independently and as part of a team.

• Proficiency in MS Office suite and CRM software.

• Must be based in Mysore or willing to relocate.

Why Join Us:

• Competitive salary package with performance-based incentives and bonuses.

• Opportunity to work with a leading financial services company and contribute to the growth and success of the organization.

• Comprehensive training and professional development opportunities to enhance your skills and knowledge in business development and strategic partnerships.

• Collaborative and inclusive work culture that values diversity, teamwork, and innovation.

• Exciting career advancement opportunities within the company for top performers.

If you are a strategic thinker with a passion for business development and building strategic alliances in the insurance sector, we want to hear from you! Join us at RupayBaazar and be part of our mission to empower individuals and businesses with innovative financial solutions. To apply, please send your resume and cover letter to [hr@rupaybaazar.com].

RupayBaazar is an equal opportunity employer and welcomes applicants from diverse backgrounds to join our team. We thank all applicants for their interest; however, only those selected for an interview will be contacted.