Executive Cash Management and Bank Reconciliation

1. Commissions Management

• Updating the commission’s structure and grid in coordination with the underwriting and actuarial team along with updating policy wise rates.
• Monitoring IRDA commissions by overseeing the payments being made to the intermediaries and brokers as per the IRDA compliance.
• Review MIS and data for IRDA purposes which is put together by the team on a monthly and quarterly basis.
• Preparation of Yearly report to be filed with the IRDA along with sharing certification to corporate agents with a summary of how much business is done with them and amount of commission paid.
• Attends to any escalations or complex queries that arise from agents or internal stakeholder with respect to commissions

1. Campaigns and Incentives Management

• Design campaigns along with Channels Heads/Vertical Heads, recommend changes if needed
• Collaborating with business for designing the incentive schemes of various channels from the perspective of alignment to business objectives and budget, etc.
• Overseeing the campaign details and suggesting on the amount that can be looked at for the proposal.
• Performing an analysis of all the campaigns run for IMDs and the sharing reports with the respective stakeholders on payouts and benefits.
• Reviewing the payouts for the campaigns for IMDs and approving the same.
• Checking incentive payout details calculations and if the same is within the terms set by the scheme and getting the same reviewed by HR.

1. Automation and process improvement

• Driving automation and process improvements for smooth commission and incentive payouts.
• Catering to internal and statutory auditors along with service tax auditor and IRDA auditors.

1. Team Development

• Participates in monthly and quarterly reviews with function head and own team
• Participates in selection process to identify right talent for various positions within the team
• Identifies and creates development opportunities and helps in enhancing domain knowledge for team members
• Establishes individual performance expectations for the team and regularly review performance

Mandatory Skills:        Excel skills      Strong Financial Knowledge Background

Desirable Skills:

1.Good communication skills.  2.Flexible & adaptable to change.  3.Well versed with MS Office. 4.Should have good analytical and problem-solving skills.  5.Should be aware of the Local language.

Education/Qualification: Graduate/ Post Graduate

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