Manager - Incentive Calculation - Mumbai (Goregaon East)

Role: Incentive Calculation Manager Title: Manager / Senior Manager Experience: 5 years + Education: Graduate / Post Graduate Location: Goregaon East, Mumbai Ensuring timely and accurate payout: Validating the data in terms of completeness and correctness Ensuring the payout is shared as per agreed timelines Getting end to end payout processed in coordination with Finance and distribution team Risk identification and control monitoring for incentive calculated by system Verification of scheme calculation performed by Vendor is correct Identification of the major risk involved in process and mitigating the risk by implementing controls Ensuring Timely checks of various schemes and identification of process gaps Ensure accuracy, TAT and timelines for the payout are adhered to Automation of payout processes and changes to the processes in liaison with vendor and business Driving Vendor for end to end automation and ensuring all the projects are deployed as per timelines Scheduling frequent calls with vendor and track development status Provide inputs to Channels for payout simulations for new schemes Helping sales strategy team for required calculations for implementation and feasibility of new schemes BRD Preparation for any modifications in payout schemes Provision and budget management Liaison with accounts team for provisions, coordinating with channel team for budgets Liaison with HR team for TDS, hold cases, FnF, recovery and others Ensuring provision matched with details of HR, Distribution channel and accounts Handling audits like IRDAI audits, Internal audits, statutory audits Liaison with accounts team for provisions, coordinating with channel team for budgets Liaison with HR team for TDS, hold cases, FnF, recovery and others