Assistant Manager - Finance - Sales Incentive Compensation

Assistant Manager-Finance Compensation

JOB SUMMARY: Responsible for the Agent Advisor/ Partner Commission Processing, incentive/bonus calculation, analysis of the sales force for various channels.

Key Responsibilities:

Compensation Calculations of Sales Distribution Basis Performance:

- Ensure accuracy and timeliness of reports/extracts

- Data collation in the required formats from IT extracts and other sources such as GO/Zone Heads/Departments

- Calculate the incentive as per scheme

- Automation of reports to enhance team productivity

- Provide incentive summaries/trends and other reports to management (or internal customers).

- Coordination with cross functions like BPMA team, Distribution Team, HR Team, etc. for smooth running of inflow & outflow of data.

- Provide MIS support for new initiatives

Query Handling and Exception Management:

- Examine/research issues and respond to queries accordingly.

- Maintaining process level trackers, publishing reports and driving scheduled adherence.

- Maintain the TAT & ensure customer centricity

- Propose measures to tackle variances at office, Zone and all India level

Data Analysis & Drive Automation:

- Qualitative analysis on the variances

- Provide quality & incentive trend analysis for management decision-making.

- Simulations for new schemes setups

- Suggest corrective measures/new means to manage outages.

- Handle Ad-hoc analysis requirements for the senior management team.

- Reconciliation of various accounts/data

- Support for automation (in-house or external)

Compliance and Audit:

- Compliance of Incentive Scheme provided by Distribution/HR for all bonuses

- Maintaining the Process Notes & get it approved from relevant authorities

- Documentation of Schemes, Plans & agreements

- Process Standardization.