Role Purpose

The Lead - Distribution Payments is responsible for managing end-to-end commission, incentive, reward, and remuneration payouts across multiple distribution channels. The role ensures accurate and timely payment processing, regulatory compliance, robust financial controls, stakeholder management, and continuous process automation to support business growth and operational efficiency.

Key Responsibilities

Distribution Payout Operations

• Manage end-to-end payout processes for commissions, incentives, contests, rewards, and other distributor remunerations.
• Ensure timely and accurate processing of payouts across agency, banca, broker, direct sales, and other distribution channels.
• Monitor payout calculations, validations, approvals, accounting, and disbursements.
• Review complex payout scenarios and resolve exceptions within defined timelines.

Financial Control & Governance

• Establish and maintain strong maker-checker controls and payout governance frameworks.
• Ensure compliance with internal policies, delegation of authority, and financial control requirements.




• Drive implementation of audit recommendations and process improvements.
• Monitor payout-related provisions, recoveries, reversals, and reconciliations.

Regulatory & Compliance Management

• Ensure adherence to IRDAI regulations, taxation requirements, commission guidelines, and applicable remuneration policies.
• Support internal, statutory, and regulatory audits by providing explanations, data, and documentation.
• Assess impact of current regulations and coordinate implementation across systems and processes.

Reconciliation & Reporting

• Oversee monthly reconciliation of payout-related balances, GL accounts, and outstanding items.
• Review management reports, channel-wise payout analysis, and exception dashboards.
• Provide insights on payout trends, variances, productivity, and financial impact.

Stakeholder Management

• Coordinate with Distribution, Finance, Taxation, Compliance

📌 Assistant Vice President (India)
🏢 Aditya Birla Sun Life Insurance
📍 India