About the role
Role: Incentive Calculation Manager
Title: Manager / Senior Manager
Experience: 5 years +
Education: Graduate / Post Graduate
Location: Goregaon East, Mumbai
Ensuring timely and accurate payout:
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- Validating the data in terms of completeness and correctness
- Ensuring the payout is shared as per agreed timelines
- Getting end to end payout processed in coordination with Finance and distribution team
Risk identification and control monitoring for incentive calculated by system
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- Verification of scheme calculation performed by Vendor is correct
- Identification of the major risk involved in process and mitigating the risk by implementing controls
- Ensuring Timely checks of various schemes and identification of process gaps
- Ensure accuracy, TAT and timelines for the payout are adhered to
Automation of payout processes and changes to the processes in liaison with vendor and business
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- Driving Vendor for end to end automation and ensuring all the projects are deployed as per timelines
- Scheduling frequent calls with vendor and track development status
- Provide inputs to Channels for payout simulations for new schemes
- Helping sales strategy team for required calculations for implementation and feasibility of new schemes
- BRD Preparation for any modifications in payout schemes
Provision and budget management
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- Liaison with accounts team for provisions, coordinating with channel team for budgets
- Liaison with HR team for TDS, hold cases, FnF, recovery and others
- Ensuring provision matched with details of HR, Distribution channel and accounts
Handling audits like IRDAI audits, Internal audits, statutory audits
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- Liaison with accounts team for provisions, coordinating with channel team for budgets
- Liaison with HR team for TDS, hold cases, FnF, recovery and others