Metro retail manager Jobs

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Investment Sales Professional | Office Services | Gurugram
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Client of Learning Mudra —Bengaluru, Karnataka
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Lead Engineer- dotnet
dunnhumby —Gurugram, Haryana
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Retail - Sales Executive / Manager
Mrk foods Private Limited —Bhandup West, Mumbai, Maharashtra
- ₹30,000 - ₹50,000 a month
- Full-time
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Lead Engineer- Backend( Media/Adtech)
dunnhumby —Gurugram, Haryana
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Assistant Mechanical BIM Engineer / Modeller
Mott MacDonald —Noida, Uttar Pradesh
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Mott MacDonald —Ahmedabad, Gujarat
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Relationship Manager - Bank PCG, Churchgate

Aditya Birla Group -
Maharashtra

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Job details

Full job description

Designation:

Location: India Maharashtra BSLAMC , Industry House

Organization: Financial Services

Job Description:

Job Purpose

Responsible for managing a team of IFA’s and achievement of the sales target expected from those set of distributors.
To ensure attainment of maximum market share from these set of IFA’s.

Job Context & Major Challenges

Job Context -
Retail is an equally important arm of the MF business as compared to institutional. It helps the AMC garner equity assets, which is the most profitable asset in this business. It also helps in increasing the reach and penetration of various products across various geographies. There are multiple channels involved in this set up; namely – IFA, ND, PCG & Banking. Retail expansion is another critical parameter for success in increasing reach. Apart from generating sales from existing POS, creating new POS to increase distribution base is an important element of the retail business.
ND stands for National Distributor. ND Channel is a structured segment which caters to Retail through the Sub brokers and HNI through PCG desk/Wealth management. They have presence across metro and non metro cities. Therefore top down push & va;ue added interaction with the local contact person is equally important other than relationship.

Key challenges -
1. Activation – One of the most important aspects of the ND channel is to increase activation of the POS i.e. maximum POS selling our product. With every Relationship Manager managing a large number of relationships, to be able to reach out to them and to ensure that they remain consistently active with us is a challenge.
2. High Market Share – Creating top of the mind recall in the minds of the ND is another important challenge in this role. With the presence of over 35 players in the industry, we need to have a high recall, which will lead to enhanced market share.
3. Training & Updation – To update the ND’s is a challenge in itself. Market dynamics keep changing on a daily basis and it is equally important to update the advisors frequently.
4. Practices adopted by competition – To be able to sell your products in an environment where stiff competition forces market players to adopt various pricing and incentive strategies, which we may not be able to match.
5. Service issues – Ensuring that all service related issues of ND’s and their investors are sorted out with a quick TAT. Servicing is a very critical aspect of the relationship and if issues are not sorted out in adequate time, it may lead to relationship turning sour with the ND.

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)

Supporting Actions (Max 1325 Characters)

KRA1

To achieve the allocated equity and debt sales target

1) Profiling of the NDs and targeting them accordingly.
2) Ensuring timely communication of information and personally meeting them periodically. generation, focussed group discussions with investors

KRA2

To achieve the allocated PMS sales target

1) Identify NDs who have the requisite clientele for PMS and create awareness about our schemes and their performance among those distributors.
2) Accompany them on joint calls to meet their clients.

KRA3

To achieve the targeted amount of new SIPs

1) Focus on the unique offering in this segment to maximise sales.
2) To communicate and educate the distributors about its advantages and potential as a tool for wealth creation.

KRA4

To ensure that the targeted number of new investors (folios) is added

1) Ensuring that maximum existing investors of all IFAs are investing with us.
2) To support NDs in new initiatives to help them increase their client base.

KRA5

To ensure maximum POS activisation

1) To ensure widespread participation from all NDs and monitor these numbers on a regular basis.
2) To conduct regular presentations and training sessions on a large scale to help increase participation.

Apply Now

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