Role & responsibilities:

1. Commission Accounting & Financial Close

• Lead monthly, quarterly, and annual closing activities relating to commission expenses.

• Ensure timely and accurate accrual, provisioning, reconciliation, and reporting of commissions across channels and business segments.

• Review commission payouts and validate accounting entries in line with company policies and accounting standards.

• Partner with operations and business teams to ensure completeness and accuracy of commission-related data.

2. Management Reporting & Business Dashboard

• Prepare and publish monthly management dashboards covering:

• Segment-wise commission ratios

• Product-wise commission trends

• Channel-wise commission analysis

• Budget vs Actual performance

• Profitability and expense trends

• Develop insightful MIS reports highlighting key performance indicators and emerging trends.

• Present monthly performance analysis to senior management with recommendations and action areas.

3. Commission Analytics & Cost Management





• Analyze commission spending patterns across products, channels, intermediaries, and business segments.

• Identify opportunities for commission optimization while supporting business growth objectives.

• Monitor commission efficiency metrics and recommend corrective actions.

• Conduct variance analysis and root-cause investigations for significant deviations from budget or expected trends.

4. Regulatory Compliance & Governance

• Monitor compliance with applicable IRDAI regulations and commission expenditure limits.

• Establish controls to ensure actual commission spends remain within regulatory and approved internal limits.

• Highlight compliance risks and work with stakeholders to implement corrective actions.

• Support regulatory reporting requirements relating to commission expenses and distribution costs.

• Maintain documentation and audit readiness for internal and external reviews.

5. Financial Planning & Analysis (FP&A;)

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📌 Chief Manager (Mumbai)
🏢 Tata AIG General Insurance
📍 Mumbai