Role: Incentive Calculation Manager

Title: Manager / Senior Manager

Experience: 5 years +

Education: Graduate / Post Graduate

Location: Goregaon East, Mumbai

Ensuring timely and accurate payout:

- - Validating the data in terms of completeness and correctness
- Ensuring the payout is shared as per agreed timelines
- Getting end to end payout processed in coordination with Finance and distribution team

Risk identification and control monitoring for incentive calculated by system

- - Verification of scheme calculation performed by Vendor is correct
- Identification of the major risk involved in process and mitigating the risk by implementing controls
- Ensuring Timely checks of various schemes and identification of process gaps
- Ensure accuracy, TAT and timelines for the payout are adhered to

Automation of payout processes and changes to the processes in liaison with vendor and business

- - Driving Vendor for end to end automation and ensuring all the projects are deployed as per timelines




- Scheduling frequent calls with vendor and track development status
- Provide inputs to Channels for payout simulations for new schemes
- Helping sales strategy team for required calculations for implementation and feasibility of recent schemes
- BRD Preparation for any modifications in payout schemes

Provision and budget management

- - Liaison with accounts team for provisions, coordinating with channel team for budgets
- Liaison with HR team for TDS, hold cases, FnF, recovery and others
- Ensuring provision matched with details of HR, Distribution channel and accounts

Handling audits like IRDAI audits, Internal audits, statutory audits

- - Liaison with accounts team for provisions, coordinating with channel team for budgets
- Liaison with HR team for TDS, hold cases, FnF, recovery and others

📌 Manager - Incentive Calculation - Mumbai (Goregaon East)
🏢 Kotak Life Insurance
📍 Mumbai