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    Job · 22631656

    Tata AIG Life Insurance logo

    Manager - Agency Employee PMS

    Tata AIG Life Insurance · Mumbai · onsite · Posted today

    Undisclosed5–10 yrsfulltimeSourced fromNaukri

    About a minute. You'll make an account on the way through.

    About this role

    A Position Overview Position Title Manager - Advisor Compensation Department Agency Sales Level/ Band 401 - Manager Role Summary: The Manager - Advisor Compensation oversees the calculation and processing of Advisor contest payouts, ensuring the highest standards of accuracy, precision, and compliance due to the significant financial impact of compensation outcomes. The role requires strong analytical and simulation expertise to assess various payout scenarios, validate financial implications, and provide data-driven recommendations through robust MIS reporting. B Organizational Relationships Reports To AVP- Agency Strategy Supervises NA C Job Dimensions Internal Stakeholders Sales Team Chief Distribution Officer Distribution Operations External Leaders, Advisors & Employees D Key Result Areas Organization Process Key Contributions Advisor Contest Payout Processing Ensure accurate and timely calculation and processing of advisor contest payouts. Validate payout eligibility, incentive calculations, and contest rules before disbursement.

  1. Meet defined payout timelines and service level agreements.
  2. Accuracy & Financial Controls

    • Maintain high levels of payout accuracy with minimal error rates.
    • Perform reconciliation and validation checks to ensure financial integrity of payouts.
    • Identify, investigate, and resolve payout discrepancies and exceptions.
    • Ensure adherence to organizational policies, audit requirements, and compensation governance standards.

    Data Management & Quality Assurance

    Ensure completeness, accuracy, and integrity of compensation and advisor performance data.

    Implement data validation controls and process checks to minimize operational risks.

    Maintain documentation of compensation calculations, assumptions, and methodologies. Process Improvement & Automation Identify opportunities to streamline compensation processes and reduce manual effort. Drive automation initiatives to improve efficiency, accuracy, and scalability. Continuously enhance payout controls and reporting mechanisms Stakeholder Collaboration Collaborate with Sales, Finance, Operations, and Business teams on compensation-related matters. Address payout queries and provide clear explanation of incentive calculations. Support leadership with ad hoc analysis and compensation-related recommendations. E Skills Required Technical Financial reconciliation and variance analysis. Understanding of budgeting, forecasting, and payout accruals. Advanced Microsoft Excel skills Behavioral Essential Desired Interpersonal skills Desired Communication skills Creative thinking skills Supervising/Leadership skills

    Desired

    Teamwork Skills

    Essential

    Influencing skills

    Desired

    Relationship Building skills

    Essential

    Desired

    Decision making skills

    Desired

    F Incumbent Characteristics

    Essential

    Desired

    Qualification

    Graduation / Post Graduation / MBA MBA Finance/Business Experience 5 Yrs

    <

    Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

    Sourced from naukri

    Skills

    Automationfinancial controlsDistribution OperationsAccrualsDisbursementAgency SalesMIS ReportingCommunication SkillsData ManagementoperationsFinancial ReconciliationBudgetingcomplianceData ValidationfinanceForecasting

    About Tata AIA Life Insurance

    Tata AIG Life Insurance logo

    Tata AIG Life Insurance

    Insurance

    15.5k+

    employees

    2001

    25 years old

    Mumbai, Maharashtra

    India

    ₹6.2L PA avg

    Avg at Tata AIA Life Insurance

    About

    Tata AIA is amongst the fastest growing life insurance companies in India from where you can buy online life insurance policies with ease.

    Industries

    InsuranceFinancial Services

    Employee ratings

    10 reviews

    3.9/ 5

    Culture

    2.4

    Career growth

    2.0

    Work-life

    2.5

    Employees rate it well for

    Overall Company39Job Security38

    Find them on

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