Assistant Manager - Agency Strategy

Tata AIA Life Insurance

Location not stated
Manager or above
1 day ago

Excel

1 day ago

Not enough detail in this posting to match

APosition Overview

Position Title	Assistant Manager – Advisor Compensation
Department	Agency Sales
Level/ Band	202 - Assistant Manager

Role Summary:

The Assistant 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.

BOrganizational Relationships

Reports To	Manager- Agency Strategy
Supervises	NA

CJob Dimensions

Internal Stakeholders	Sales Team
Chief Distribution Officer
Distribution Operations
External	Leaders, Advisors & Employees

DKey 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. Meet defined payout timelines and service level agreements.
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.

ESkills 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

FIncumbent Characteristics

	Essential	Desired
Qualification	Graduation / Post Graduation / MBA	MBA Finance/Business
Experience	5 Yrs

Assistant Manager - Agency Strategy · Tata AIA Life Insurance

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