Assistant Manager - Incentive Processing Unit.RBG

Mashreq Global Services

7 - 8 years

30 - 35 Lacs

bengaluru

Posted:1 day ago| Platform:

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Skills Required

root cause analysis automation payment processing mis process control retail banking banking business intelligence monitoring auditing

Work Mode

Work from Office

Job Type

Full Time

Job Description

End to end management of incentive pay-outs for Retail Banking teams, along with Business Performance function, automation of incentive calculations and management reporting
Safeguard the accuracy, integrity, and compliance of incentive processing by independently reviewing, validating, and authorizing calculations prepared by makers
IPU - checker will be responsible for verification, critical analysis, and exception handling
Deep dive in issue and develop and implement corrective mitigants in place
Accountable for identifying discrepancies, resolving exceptions, and ensuring final sign-off before pay-outs

Finance/MIS professional preferably having experience of 7- 8 years in MIS, Business Intelligence or finance functions in banking industry
Should possess strong analytical skills with reasoning capabilities
Strong problem-solving and process ownership
Excellent interpersonal and presentation skills capable of interacting with Business Managers at different levels
Good organization skills with emphasis on attention to detail
Good Team Player

Review and verify incentive files for accuracy and eligibility based on approved policies
Verify accuracy of sales, revenue, or performance data provided by the maker
To independently review and automate existing business performance & incentive process. Also, automate other internal processes wherever possible to bring in more efficiency and reduce TAT
Develop and refine SOPs, checklists, and process control mechanisms for IPU
To overlook the Business Performance & Incentive payment process which includes obtaining required data and validating and calculating performance & pay-outs as per approved policies
Lead root-cause analysis for errors, discrepancies, or non-conformances; develop and implement corrective/preventive actions.
Address to the SLA s and ensure monitoring, for delays
To liaise with Unit Managers to resolve issues and continuously enhance Business Performance & Incentive pay-out process
Prepare and present detailed reports on IPU quality metrics, error trends, and process improvements to senior leadership
Resolve issues related to data, policies and processes in collaboration with stakeholders and ensure necessary approvals and documentation is maintained for Audit records

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