Job Description

Job Category: NES Job Group
:

• End to end management of incentive pay-outs for Retail Banking teams, along with Business Performance function, automation of incentive calculations and management reporting
• Safeguard the accuracy, integrity, and compliance of incentive processing by independently reviewing, validating, and authorizing calculations prepared by makers
• IPU - checker will be responsible for verification, critical analysis, and exception handling
• Deep dive in issue and develop and implement corrective mitigants in place
• Accountable for identifying discrepancies, resolving exceptions, and ensuring final sign-off before pay-outs

Responsibilities:

• Review and verify incentive files for accuracy and eligibility based on approved policies
• Verify accuracy of sales, revenue, or performance data provided by the maker
• To independently review and automate existing business performance & incentive process. Also, automate other internal processes wherever possible to bring in more efficiency and reduce TAT
• Develop and refine SOPs, checklists, and process control mechanisms for IPU
• To overlook the Business Performance & Incentive payment process which includes obtaining required data and validating and calculating performance & pay-outs as per approved policies
• Lead root-cause analysis for errors, discrepancies, or non-conformances; develop and implement corrective/preventive actions.
• Address to the SLA's and ensure monitoring, for delays
• To liaise with Unit Managers to resolve issues and continuously enhance Business Performance & Incentive pay-out process
• Prepare and present detailed reports on IPU quality metrics, error trends, and process improvements to senior leadership
• Resolve issues related to data, policies and processes in collaboration with stakeholders and ensure necessary approvals and documentation is maintained for Audit records

Qualifications:

• Finance/MIS professional preferably having experience of 7- 8 years in MIS, Business Intelligence or finance functions in banking industry
• Should possess strong analytical skills with reasoning capabilities
• Strong problem-solving and process ownership
• Excellent interpersonal and presentation skills capable of interacting with Business Managers at different levels
• Good organization skills with emphasis on attention to detail
• Good Team Player

Skills Required