About the role

Assistant Vice President - CBG - HDFC Ergo

Job Summary:

The Assistant Vice President for Commercial Business Group (CBG) at HDFC Ergo will play a critical role in driving the growth and profitability of our commercial insurance segment. This position is key in developing strategic business plans, fostering client relationships, and ensuring exceptional service delivery within our insurance portfolio.

Key Responsibilities:

Lead and execute comprehensive business strategies aimed at expanding HDFC Ergo’s market presence in the commercial insurance sector.
Develop and manage client relationships to understand their insurance needs and tailor solutions that enhance customer satisfaction and retention.
Analyze market trends and competitors to refine product offerings and identify new opportunities for growth.
Oversee the performance of the CBG team, providing mentorship and guidance to optimize individual and team productivity.
Collaborate with cross-functional teams to enhance product development and drive innovative solutions in commercial insurance.
Monitor key performance indicators (KPIs) and prepare regular reports to present to senior management on business performance and strategic initiatives.
Ensure compliance with regulatory requirements and organizational policies while maintaining high ethical standards in all business dealings.

Requirements:

Bachelor’s degree in Business Administration, Finance, or related field. MBA preferred.
Minimum of 7 years of experience in the insurance sector, with a proven track record in business development and client management.
Strong understanding of commercial insurance products and market dynamics.
Excellent verbal and written communication skills, with the ability to present complex information clearly and persuasively.
Demonstrated leadership capabilities and experience managing teams effectively.
Analytical mindset with strong problem-solving skills and decision-making ability.
Proficient in using CRM tools and Microsoft Office Suite.

Preferred Qualifications:

Professional certification in insurance (e.g., CIP, AIC) is an advantage.
Experience in digital transformation initiatives within the insurance industry.
Strong network within the commercial sector and established relationships with key stakeholders.
Previous experience in a similar leadership role at a leading insurance company.

Benefits:

Competitive salary with performance-based incentives and bonuses.
Comprehensive health, dental, and vision insurance plans.
Generous retirement savings plan with company matching.
Flexible work hours and opportunities for hybrid work arrangements.
Professional development programs, including training and certification sponsorship.
Employee assistance program and wellness initiatives to support work-life balance.
Vibrant workplace culture that values diversity, inclusion, and innovation.