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    Job · 21260070

    MUMBAI · FULLTIME

    Vice President Insurance Business Development & Strategy

    Newbazaar Technologies

    Newbazaar Technologies

    Mumbai · onsite · Posted 4d ago

    Sourced fromNaukri
    ₹35.0L - ₹50.0L PA12–18 yrsfulltimeMumbai

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    Section · 01

    About this role

    Department: Business Development & Strategic Alliances

    Reports To: Co Founder

    Job Overview

    We are seeking an industry veteran with 1520 years of deep insurance domain expertise to lead our expansion across major insurance carriers, re-insurers, brokers, and insurtech ecosystem partners. This critical executive role demands a balanced mastery of opening new enterprise doors, growing key strategic accounts, and discovering and monetizing unmapped business avenues.

    The ideal candidate possesses an extensive, warm network of C-Suite and VP-level contacts across the insurance sector and a proven track record of structuring high-value commercial deals.

    Key Responsibilities

    1. Door Opening & New Business Acquisition

    • Leverage existing C-level and senior executive relationships across Life, Health, P&C, and Commercial Insurance sectors to generate high-value deal pipelines.
    • Identify, target, and pitch core offerings to prospective insurance enterprise clients.
    • Lead the end-to-end sales cycle from cold outreach and discovery meetings to solution design, RFP responses, complex contract negotiations, and deal closure.

    2. Strategic Account Management & Growth

    • Own and scale revenue growth within existing insurance client accounts through upsell, cross-sell, and long-term partnership expansion.
    • Serve as the strategic executive sponsor, ensuring high client retention, satisfaction, and account profitability.

    3. New Business Avenues & Ecosystem Innovation

    • Identify adjacent growth vectors, such as embedded insurance partnerships, affinity distribution channels, insurtech collaborations, and alternative risk transfer platforms.
    • Track evolving regulatory shifts, market disruptions, and emerging risk categories to package relevant commercial solutions.
    • Conceptualize and pilot go-to-market strategies for untapped market segments and non-traditional insurance distribution models.

    Qualifications & Requirements

    • Industry Experience: 15–20+ years of active experience in the insurance sector (Insurance or Broking).
    • Network & Connects: Active, trusted, and verified network of decision-makers (CXOs, EVPs, SVPs) within insurance companies.
    • Track Record: Demonstrated history of consistently meeting or exceeding multi-million-dollar annual revenue targets through combined hunting and farming efforts.
    • Domain Depth: Strong functional understanding of insurance operations (underwriting, distribution, claims, risk management, and insurance technology systems).
    • Deal Structuring: Expertise in navigating complex B2B sales cycles, multi-stakeholder decision-making, and high-value commercial contract negotiations.
    • Education: Bachelor’s degree in Business, Finance, Risk Management, or related fields. MBA preferred.

    Key Competencies & Soft Skills

    • Strategic Vision: Ability to spot macro-industry trends and translate them into actionable, revenue-generating business models.
    • Executive Presence: Outstanding presentation, influence, and relationship-building capabilities at the C-suite level.
    • Entrepreneurial Drive: High degree of self-motivation to build new channels and open doors independently.

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    Section · 02

    Skills

    Sales

    Section · Company

    About Newbazaar Technologies

    Newbazaar Technologies

    Newbazaar Technologies

    25

    employees

    2020

    6 years old

    Mumbai

    US

    ₹11L PA avg

    Avg at Newbazaar Technologies

    ₹35L – ₹50L PA

    This role

    About

    Newbazaar Technologies operates as a digital finance platform enabling consumers to purchase products and services on EMI digitally and instantly. The company has partnered with over 40,000 merchants, 200+ brands, and 10+ lenders to facilitate these transactions. It focuses on enhancing sales growth across various product categories including consumer durables, health, and lifestyle furnishing. The organization emphasizes building strong relationships with partners and merchants, ensuring regular transactions on its platform. Newbazaar Technologies aims to provide excellent opportunities for career growth in the fintech and financial services industry, promoting based on performance and competency.

    Industries

    Financial ServicesFinTechPayments

    Employee ratings

    10 reviews

    3.5/ 5

    Culture

    2.9

    Career growth

    2.6

    Work-life

    3.3

    Employees rate it well for

    Compensation & Benefits37Work-Life Balance36

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