Manager - Incentive Calculation - Mumbai (Goregaon East)

<p class="MsoNormal">Role: Incentive Calculation Manager</p><p></p><p class="MsoNormal">Title: Manager / Senior Manager</p><p></p><p class="MsoNormal">Experience: 5 years +</p><p></p><p class="MsoNormal">Education: Graduate / Post Graduate</p><p></p><p class="MsoNormal">Location: Goregaon East, Mumbai</p><p></p><p class="MsoNormal"></p><p> </p><p class="MsoNormal"><b>Ensuring timely and accurate payout:</b></p><p><b></b></p><b></b><ul style="margin-top:0cm;" type="disc"> <li><ul style="margin-top:0cm;" type="circle"> <li class="MsoNormal">Validating the data in terms of completeness and correctness<p></p></li> <li class="MsoNormal">Ensuring the payout is shared as per agreed timelines<p></p></li> <li class="MsoNormal">Getting end to end payout processed in coordination with Finance and distribution team<p></p></li> </ul></li> </ul><p class="MsoNormal"><b>Risk identification and control monitoring for incentive calculated by system</b></p><p><b></b></p><b></b><ul style="margin-top:0cm;" type="disc"> <li><ul style="margin-top:0cm;" type="circle"> <li class="MsoNormal">Verification of scheme calculation performed by Vendor is correct<p></p></li> <li class="MsoNormal">Identification of the major risk involved in process and mitigating the risk by implementing controls<p></p></li> <li class="MsoNormal">Ensuring Timely checks of various schemes and identification of process gaps<p></p></li> <li class="MsoNormal">Ensure accuracy, TAT and timelines for the payout are adhered to <p></p></li> </ul></li> </ul><p class="MsoNormal"><b>Automation of payout processes and changes to the processes in liaison with vendor and business</b></p><p></p><ul style="margin-top:0cm;" type="disc"> <li><ul style="margin-top:0cm;" type="circle"> <li class="MsoNormal">Driving Vendor for end to end automation and ensuring all the projects are deployed as per timelines<p></p></li> <li class="MsoNormal">Scheduling frequent calls with vendor and track development status<p></p></li> <li class="MsoNormal">Provide inputs to Channels for payout simulations for new schemes<p></p></li> <li class="MsoNormal">Helping sales strategy team for required calculations for implementation and feasibility of new schemes<p></p></li> <li class="MsoNormal">BRD Preparation for any modifications in payout schemes<p></p></li> </ul></li> </ul><p class="MsoNormal"><b>Provision and budget management</b></p><p><b></b></p><b></b><ul style="margin-top:0cm;" type="disc"> <li><ul style="margin-top:0cm;" type="circle"> <li class="MsoNormal">Liaison with accounts team for provisions, coordinating with channel team for budgets<p></p></li> <li class="MsoNormal">Liaison with HR team for TDS, hold cases, FnF, recovery and others<p></p></li> <li class="MsoNormal">Ensuring provision matched with details of HR, Distribution channel and accounts<p></p></li> </ul></li> </ul><p class="MsoNormal"><b>Handling audits like IRDAI audits, Internal audits, statutory audits</b></p><p><b></b></p><b></b><p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;"> </p><ul style="margin-top:0cm;" type="disc"> <li><ul style="margin-top:0cm;" type="circle"> <li class="MsoNormal">Liaison with accounts team for provisions, coordinating with channel team for budgets<p></p></li> <li class="MsoNormal">Liaison with HR team for TDS, hold cases, FnF, recovery and others<p></p></li> </ul></li> </ul>