About the role
A Position Overview
Position Title
Manager – Advisor Compensation
Department
Agency Sales
Level/ Band
401 – Manager
Role Summary:
The Manager – Advisor Compensation oversees the calculation and processing of Advisor contest payouts, ensuring the highest standards of accuracy, precision, and compliance due to the significant financial impact of compensation outcomes. The role requires strong analytical and simulation expertise to assess various payout scenarios, validate financial implications, and provide data-driven recommendations through robust MIS reporting.
B Organizational Relationships
Reports To
AVP- Agency Strategy
Supervises
NA
C Job Dimensions
Internal Stakeholders
Sales Team
Chief Distribution Officer
Distribution Operations
External
Leaders, Advisors & Employees
D Key Result Areas
Organization Process
Key Contributions
Advisor Contest Payout Processing
- Ensure accurate and timely calculation and processing of advisor contest payouts.
- Validate payout eligibility, incentive calculations, and contest rules before disbursement.
- Meet defined payout timelines and service level agreements.
Accuracy & Financial Controls
- Maintain high levels of payout accuracy with minimal error rates.
- Perform reconciliation and validation checks to ensure financial integrity of payouts.
- Identify, investigate, and resolve payout discrepancies and exceptions.
- Ensure adherence to organizational policies, audit requirements, and compensation governance standards.
Data Management & Quality Assurance
· Ensure completeness, accuracy, and integrity of compensation and advisor performance data.
· Implement data validation controls and process checks to minimize operational risks.
· Maintain documentation of compensation calculations, assumptions, and methodologies.
Process Improvement & Automation
- Identify opportunities to streamline compensation processes and reduce manual effort.
- Drive automation initiatives to improve efficiency, accuracy, and scalability.
- Continuously enhance payout controls and reporting mechanisms
Stakeholder Collaboration
- Collaborate with Sales, Finance, Operations, and Business teams on compensation-related matters.
- Address payout queries and provide clear explanation of incentive calculations.
- Support leadership with ad hoc analysis and compensation-related recommendations.
E Skills Required
Technical
· Financial reconciliation and variance analysis.
· Understanding of budgeting, forecasting, and payout accruals.
· Advanced Microsoft Excel skills
Behavioral
Essential
Desired
Interpersonal skills
Desired
Communication skills
Creative thinking skills
Supervising/Leadership skills
Desired
Teamwork Skills
Essential
Influencing skills
Desired
Relationship Building skills
Essential
Desired
Decision making skills
Desired
F Incumbent Characteristics
Essential
Desired
Qualification
Graduation / Post Graduation / MBA
MBA Finance/Business
Experience
5 Yrs