Job Description

Job Title:Assistant Manager - Insurance & Mutual Fund Distribution (Back-End Operations & Compliance)

Department: Distribution Operations

Reporting to: Vice President/CFO

Location: Andheri East, Mumbai

Job Summary:

We are seeking a dynamic and process-driven Assistant Manager to support our Insurance and Mutual Fund distribution businesses. This role will primarily focus on managing back-end operations, including commission payout processing, income reconciliation, IRDAI compliance, MIS reporting, and assisting in the implementation and maintenance of technology platforms for the distribution network. The candidate will work closely with the Head of Insurance & Mutual Fund Distribution, lead a small reporting team, and collaborate with cross-functional departments and distribution partners to ensure smooth, accurate, and compliant operations.

Key Responsibilities

:

A. Commission Processing & Reconciliation

? Calculate and process payouts for agents, agencies, and distribution partners for insurance and mutual fund businesses.

? Perform regular reconciliation of income received from insurance companies and AMCs.

? Coordinate with accounts for correct GL accounting and TDS deductions.

B. Compliance & Regulatory Reporting

? Ensure all processes adhere to IRDAI guidelines for insurance distribution and SEBI regulations for mutual funds.

? Prepare and file required regulatory reports and maintain audit-ready documentation.

? Maintain updated documentation of standard operating procedures (SOPs) in line with compliance standards.

C. Technology Platform Support

? Assist in rolling out and managing the tech platform for insurance and mutual fund distribution.

? Coordinate with External tech teams and Vertical head to ensure functionality and user- friendliness.

? Train end-users (field staff, operations, and partners) on platform usage and updates.

D. Operational Support & Team Management

? Supervise a small team responsible for back-end support functions.

? Monitor daily processing activities and resolve discrepancies or partner queries.

? Prepare and analyze MIS reports, dashboards, and performance trackers.

E. Financial Accounting Interface

? Lead the finance team for timely entries and reconciliations of income and commission.

? Support in periodic audit reviews and internal controls over financial processes.

Required Skills & Qualifications:

? B Com, M Com, MBA or Inter CA, CA.

? 2-5 years of relevant experience in insurance or mutual fund back-end operations.

? Good understanding of IRDAI and SEBI regulations.

? Strong analytical, Excel, and reconciliation skills.

? Working knowledge of ERP systems or back-office automation tools preferred.

? Ability to manage multiple stakeholders, handle deadlines, and lead a small team.

Preferred Experience:

? Experience in setting up or managing insurance/mutual fund tech platforms.

? Exposure to distribution-led business environments or financial services startups.

Male candidate only

Atleast CA Internship experience is mandatory

Job Type: Full-time

Pay: ?500,000.00 - ?900,000.00 per year