Job Description

Key Responsibilities
Commission and Reward calculation, validation, disbursement and Provisions

• Review and validate various data points, performance metrics and eligibility criteria
• Calculations basis predefined reward structure/ agreements
• Maintain accurate and updated records of all metrics and transactions
• Process commission payments within designated pay cycle, adhering company policies and timelines
• Monitor through variance analysis
• Preparation and presenting Key insights on the monthly commission, reward and other payments
• Accurate & Timely submission of all regulatory submission. Smooth Implementation of any new IRDAI regulation
• Ensure adherence to Board Approved Policy on Commission

Enabling Business & Growth

• Focus on robust implementation of new schemes
• Continuous focus on reduction of turn around time
• Monthly connect with Business teams on critical
• Business requirements solutions

Compliance, Regulations and Audit

• Ensure compliance with financial regulations and internal control procedures
• Ensure proper documentation and control, Review financial transactions, invoices and expenses to ensure accuracy and compliance
• Handling Statutory and Internal Audits

Risk Management

• Monitor and assess the financial risks associated the process and implement risk mitigation strategies to minimize potential financial exposure

Skills Required