About the role
Job Purpose:
End to end management of incentive payouts for Retail Banking teams, along with Business Performance function, automation of incentive calculations and managementreporting
Formulate template for calculation of incentive and calculate incentives as per approved policies, ensuring timely and accurate payouts
Adhere to the SLA’s and ensure monitoring, for delays
To independently review and automate existing business performance & incentive process. Also, automate other internal processes wherever possible to bring in more efficiency and reduce TAT
To overlook the Business Performance & Incentive payment process which includes obtaining required data and Validating and calculating performance & payouts as per approved policies
To implement adequate controls in the process & set up processes & SLA’s with Business & stakeholders to enable and accurate and timely MIS/payouts
To liaise with Unit Managers to resolve issues and continuously enhance Business Performance & Incentive payout process
To manage Business Performance and incentives database for detailed analysis
Resolve issues related to data, policies and processes in collaboration with stakeholders and ensure necessary approvals and documentation is maintained for Audit records
Key Result Areas:
Lead and drive Automation of data sourcing and management of data obtained from Technology, BI & other sources as required to identify staff wise business performance and incentives and ensure data received is as per policy parameters & is independent.
Enhance and Automate Business Performance and Incentive calculation process – which is currently managed in Excel
Implement Internal Controls & Checks in automated calculation models to ensure correct payment & compliance with approved policy
Ensure Exceptions are handled with proper approvals and log is maintained for audit record.
Business Performance analysis & Reports for Management Review
Knowledge, skill and experience:
Finance/MIS professional preferably having an experience of 2-3 years in MIS, Business Intelligence or finance functions in banking industry
Should possess strong analytical skills with logic reasoning capabilities.
Knowledge of Retail Banking Products is a plus
Excellent interpersonal and presentation skills capable of interacting with Business Managers at different levels.
Good organization skills with emphasis on attention to detail.
Good Team Player
Key Result Areas:
- Lead and drive Automation of data sourcing and management of data obtained from Technology, BI & other sources as required to identify staff wise business performance and incentives and ensure data received is as per policy parameters & is independent.
- Enhance and Automate Business Performance and Incentive calculation process – which is currently managed in Excel
- Implement Internal Controls & Checks in automated calculation models to ensure correct payment & compliance with approved policy
- Ensure Exceptions are handled with proper approvals and log is maintained for audit record.
- Business Performance analysis & Reports for Management Review
Knowledge, skill and experience:
- Finance/MIS professional preferably having an experience of 4-5 years in MIS, Business Intelligence or finance functions in banking industry
- Should possess strong analytical skills with logic reasoning capabilities.
- Knowledge of Retail Banking Products is a plus
- Excellent interpersonal and presentation skills capable of interacting with Business Managers at different levels.
- Good organization skills with emphasis on attention to detail.
- Good Team Player