Insurance Branch Manager Job Description

• Manages and coordinates activities of branch office of insurance company, agency or insurance brokerage firm.
• Hires and trains workers in performing activities, such as selling insurance, processing insurance claims, or underwriting.
• Reviews activity reports to ensure that personnel have achieved sales quotas, processed claims promptly, or credited collections to policyholders’ accounts.
• Confers with company officials to plan and develop methods and procedures to increase sales, lower costs, and obtain greater efficiency.
• Interprets, implements, and enforces company policies.
• Prepares and submits activity reports.
• May reconcile earned commissions with commission advances on sales personnel.
• Reviews and quality assurance procedures.

Sample Insurance Branch Manager Resume Template

Contact information

In this section you have to include your Name, current home address, Mobile telephone number, Landline telephone number and your personal email address which is currently used.

• Full name
• Present and permanent addresses
• Telephone numbers
• Email address

Professional or career objective

Your objective is the one that clearly underlines your aims and aspirations in that profession. For example a Management Graduate will have to write an objective which is concise and precisely speaks about his role that he wants to play in the Organization.

Sample Objective for Insurance Branch Manager

An opportunity to obtain an insurance specialist position which would allow me to utilize my skills in processing disability applications with eventual advancement to Insurance branch management.

Career Achievements

If you have any major Career Achievements or any Appreciation then this is the section where they should be listed. For Example an Insurance Branch Manager can add his/her career achievements like,

• Source, select, hire and supervise personnel. Develop and deliver training in group and one-on-one sessions. Ensure compliance with legal and regulatory requirements. Ensure positive and productive work environment and manage personnel issues.
• Oversee billing and invoicing, providing troubleshooting and reconciling books. Training in Excel and QuickBooks that augments experience. Administer contracts and ensure compliance with provisions.
• Prospect for and generating customer leads. Establish and develop customer relationships. Consult with and identify customer needs and provide product guidance. Resolve problems and issues to maximize customer satisfaction and retention.
• Excellent work ethic coupled with commitment to lifelong learning; significant expertise among diverse populations as well as expertise in numerous government regulations. Medicare and Medicaid knowledge along with history of serving as technical resource with regard to contract administration.

Experience

Previous work experience plays an important role while applying for a Job and hence it should be well presented in the resume. Most of the questions during your resume will be related to the previous job that you had and hence you should be well prepared for it. You should begin with putting the name of the organization that you worked for, the duration of your work and the post or the designation at which you were working. After this, you can effectively place points in a bulleted format that talk about the responsibilities and the achievements that you may have achieved during your stay at the previous organization. The work experience of an experienced Insurance Branch Manager applying for a job would look like,

Insurance Branch Manager

General Insurance India Ltd. Mumbai, 2005-Present

• Supervised department of 20 employees.
• Responsibilities included development of new accounts and management of ongoing corporate accounts.
• Responsible for interviewing, hiring, and training new personnel.

Sales Agent

General Insurance India Ltd. Mumbai, 2002-2005

• Specialized in sale of life insurance policy.
• Office’s highest grossing salesman for three consecutive years.

Legal Secretary

Gupta Law Consultation, Mumbai,

• Worked for three lawyers specializing in personal injury law and malpractice.
• Wrote rough drafts of briefs in malpractice cases.
• Regular correspondence with insurance company representatives.

Education and Certification

The academic details need to be mentioned in a tabulated format with respect to the degrees or the courses that the candidate would have undertaken in the past. The latest degree or course comes first followed by the last completed course and hence forth going backwards. For example an Insurance Branch Manager who has completed post graduation or graduation course is applying for a Job or to a company or an organization then his/her details would be like,

• M.B.A., Business Administration

Delhi University, Delhi, 1994

• B.Com, Business Law

Delhi University, Delhi, 1996

Honors

If you have won any competitions national or international then they could also be highlighted here. For example an Insurance Branch Manager could lay stress on any exams that he may have given or any seminars or conferences attended. If you are a part of any honorary society or any nonprofit organization then that could also be added here.

The honors and the activities section of an Insurance Branch Manager would look like,

• Community Involvement Award, 2006.
• Writer of “Modern Insurance” in abscission with D.B. Mathew.

References

The References are generally required so that your present employer can gauge you through the eyes of the people who you were associated with or have worked for. So your teachers or college professors’ details could be placed here. Or your past employer who you would have worked under can also be used as a reference. Ensure that the people whose names you enter know you well and do inform them that you are placing their names as reference because many companies call to confirm. For example the references section of an Insurance Branch Manager could also look like,

Mr. Deep Ohri

Sr. Manager

General Insurance Company India Ltd.

DeepGIC@iiijjkk.com

Salary Range of an Insurance Branch Manager

• The average salary received is approximately Rs. 15000 per month. This works out to an annual pay package of 1.80 Lakhs to 2 Lakhs per annum CTC.
• The salary from an American perspective works out to be $7500 per Month.

Note: This salary may be variable and it may change from organization to organization.

Frequently asked Insurance Branch Manager Interview Question

• Where do you see yourself in five years time?
• Where do you see yourself in ten years time?
• Tell me about yourself?
• What is your major achievement?
• What do you consider yourself good at doing?
• What sort of person are you?
• What are your strengths?
• What are your weaknesses?
• How would you approach this job?
• How do you get things done?
• How would you decide on your objectives?
• How do you manage your day?
• What motivates you?
• How do you cope without motivation?

Insurance Agent Job Description

• Sells insurance to new and current clients. Compiles lists of prospective clients to provide leads for additional business.
• Contacts prospective clients and explains features and merits of policies offered, recommending amount and type of coverage based on analysis of prospect’s circumstances, and utilizing persuasive sales techniques.
• A combination of over one year of directly related training and/or experience is typically required for carrying out the responsibilities for this job. Calculates and quotes premium rates for recommended policies.
• Calls on policyholders to deliver and explain policy, to suggest additions or changes in insurance program, or to make changes in beneficiaries.
• May collect premiums from policyholders. Must hold license issued by state.

Sample Insurance Agent Resume Template

Contact information

In this section you have to include your Name, current home address, Mobile telephone number, Landline telephone number and your personal email address which is currently used.

• Full name
• Present and permanent addresses
• Telephone numbers
• Email address

Professional or career objective

Your objective is the one that clearly underlines your aims and aspirations in that profession. For example a Management Graduate will have to write an objective which is concise and precisely speaks about his role that he wants to play in the Organization.

Sample Objective for Insurance Agent

Highly organized and efficient leader with proven sales ability seeking life insurance sales agent position

Career Achievements

If you have any major Career Achievements or any Appreciation then this is the section where they should be listed. For Example an Insurance Agent can add his/her career achievements like,

• Specialized in sale of life insurance policies
• Sold insurance to new and current clients
• Compiled lists of prospective clients to provide leads of additional business
• Contacted prospective clients and explained features and merits of policies offered

• Recommended amount and type of coverage based on analysis of prospect’s circumstances and utilized persuasive sales techniques

Experience:

Previous work experience plays an important role while applying for a Job and hence it should be well presented in the resume. Most of the questions during your resume will be related to the previous job that you had and hence you should be well prepared for it. You should begin with putting the name of the organization that you worked for, the duration of your work and the post or the designation at which you were working. After this, you can effectively place points in a bulleted format that talk about the responsibilities and the achievements that you may have achieved during your stay at the previous organization. The work experience of an experienced Insurance Agent applying for a job would look like,

Lead Associate

Sighal Home Insurance, Kolkata, 2007-Present

• Supervised department of 20 employees.
• Responsibilities included development of new accounts and management of ongoing corporate accounts.
• Responsible for interviewing, hiring, and training new personnel.

Sales Agent/Insurance Advisor

Chinamaya Insurance, Kolkata, 2003-2007

• Specialized in sale of life insurance policy.
• Office’s highest grossing salesman for three consecutive years
• Worked for three lawyers specializing in personal injury law and malpractice.
• Wrote rough drafts of briefs in malpractice cases.
• Regular correspondence with insurance company representatives.

Insurance Sales Agent

Sahara Life Insurance, Kolkata 1998 – 2003

• Specialized in sale of life insurance policies
• Calculated and quoted premium rates for recommended policies
• Called on policyholders to deliver and explain policy
• Made suggestions regarding additions and changes in insurance programs
• Collected premiums from policy holders and kept records of payments

Education and Certification:

The academic details need to be mentioned in a tabulated format with respect to the degrees or the courses that the candidate would have undertaken in the past. The latest degree or course comes first followed by the last completed course and hence forth going backwards. For example an Insurance Agent who has completed post graduation or graduation course is applying for a Job or to a company or an organization then his/her details would be like,

• Certified Course in Insurance

Indian Insurance Institute New Delhi, 1998

• MCom.(Business Administration)

Bengal University Kolkata, 1997

• B Com (Business Law)

Bengal University, Kolkata, 1995

Honors

If you have won any competitions national or international then they could also be highlighted here. For example an Insurance Agent could lay stress on any exams that he may have given or any seminars or conferences attended. If you are a part of any honorary society or any nonprofit organization then that could also be added here.

The honors and the activities section of an Insurance Agent would look like,

• Recognized as office’s highest grossing salesman for four consecutive years; 1998 to 2001

References:

The References are generally required so that your present employer can gauge you through the eyes of the people who you were associated with or have worked for. So your teachers or college professors’ details could be placed here. Or your past employer who you would have worked under can also be used as a reference. Ensure that the people whose names you enter know you well and do inform them that you are placing their names as reference because many companies call to confirm. For example the references section of an Insurance Agent could also look like,

Mr.Shyam Singh

Sr. Manager

Bengal Insurance Agency

abc@iiijjkk.com

Salary Range of an Insurance Agent

• The average salary received is approximately Rs. 10000 per month. This works out to an annual pay package of 1.20 Lakhs to 1.35 Lakhs per annum CTC.
• The salary from an American perspective works out to be $5000 per Month.

Note: This salary may be variable and it may change from organization to organization.

Frequently asked Insurance Agent Interview Question

• Is there an achievement of which you are particularly proud? What is it? Why is it significant?
• What do you know about Insurance Agent and Broker?
• What is the main duty of this job? Explain in details?
• What do you feel is the potential for Insurance Agent and Broker in India?
• What computer programs are you familiar with, specifically related to Insurance Agent and Broker?
• Do you have the experience in Insurance Agent and Broker?
• Can you describe a time where you have been required to perform as part of a team? What was the situation? What part did you play in the team and what was the outcome of the exercise?
• How do you establish a working relationship with new people?
• Where do you expect to be in 5 years time? What will you do if you are not successful in gaining this position?
• What particular skills and qualities do you bring to the workforce? What other skills would you like to develop in the future?
• Tell me about a challenging situation you have faced. What was the situation and how did you cope with it?