15 Oct
|
TATA AIA LIFE INSURANCE
|
Thane
15 Oct
TATA AIA LIFE INSURANCE
Thane
Job highlights
- Qualification. Graduation / Post Graduation / MBA. MBA Finance / Business.
- Experience. 5 Yrs. Disclaimer: This job posting has been aggregated from external source
- Skills Required. Technical
Normal 0 false false false EN-US X-NONE X-NONE / Style Definitions / table. MsoNo A Position Overview Position Title Assistant Manager - Advisor Compensation Department Agency Sales Level/ Band 202 - Assistant Manager
Role Summary:
The Assistant 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 Manager- 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 explicit 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
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
📌 Assistant Manager - Agency Strategy (Thane)
🏢 TATA AIA LIFE INSURANCE
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