Senior Manager Finance (Commission Analytics & FP&A;)

Department: Finance

Job location: Lower Parel

Key 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;)

- Support annual budgeting and long-range planning processes.
- Drive periodic forecasting and outlook submissions.
- Prepare scenario analyses and business projections for management decision-making.
- Evaluate the financial impact of changes in commission structures, distribution strategies, and product initiatives.
- Support strategic business reviews and management presentations.

6. Business Partnering & Stakeholder Management

- Collaborate closely with Distribution, Sales, Product, Actuarial, Underwriting, and Operations teams.
- Influence business decisions through data-driven insights and financial analysis.
- Support leadership reviews and board-level presentations as required.
- Drive continuous improvement in reporting automation, controls, and analytics.

Key Deliverables

- Accurate and timely monthly commission closure.
- Comprehensive management dashboards and MIS.
- Regular commission variance and profitability analysis.




- Compliance with regulatory commission limits.
- Forecasting and budgeting submissions.
- Business performance reviews and management presentations.

Desired Qualifications

- Chartered Accountant preferably from an Insurance domain.
- 3-4 years of relevant experience in Finance, FP&A;, Business Finance, or Management Reporting.
- Prior experience in General Insurance, Life Insurance, or Financial Services sector preferred.

Technical Skills

- Strong understanding of insurance accounting and commission structures.
- Knowledge of IRDAI regulations related to expenses of management and commission payments.
- Advanced financial modelling and analytical skills.
- Expertise in budgeting, forecasting, and variance analysis.
- Strong proficiency in Excel, Power BI, Tableau, SAP, Oracle, or similar ERP/reporting tools.
- Experience in dashboard creation and management reporting.

Behavioral Competencies

- Strong analytical and problem-solving mindset.
- Business acumen and commercial orientation.
- Excellent presentation and communication skills.
- Ability to influence senior stakeholders.
- Attention to detail with robust governance focus.
- Proactive and result-oriented approach.
- Ability to manage multiple priorities in a dynamic environment.

Success Measures

- Accuracy and timeliness of commission reporting and closure.
- Quality and effectiveness of management insights.
- Regulatory compliance with commission expenditure limits.
- Forecast accuracy and budgeting effectiveness.
- Identification and execution of commission optimization opportunities.
- Positive stakeholder feedback from business and leadership teams.

📌 Senior Manager Finance (Commission Analytics & FP&A) (Mumbai)
🏢 TATA AIG General Insurance Company
📍 Mumbai