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Kotak Life Insurance
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Incentive Calculation Executive- Deputy Manager

Incentive Calculation Executive- Deputy Manager

Kotak Life Insurance

2 - 5 years

3 - 5 Lacs

mumbai suburban mumbai (all areas)

Posted:4 hours ago| Platform:

Apply

Skills Required

incentive calculation commissioning incentives payout

Work Mode

Work from Office

Job Type

Full Time

Job Description

Designation:- Deputy Manager

Grade:- L2

Office Location:- Goregaon East, IT Park

Key Responsibilities;

Risk identification and control monitoring for incentive calculated by system
Verification of scheme calculation performed by Vendor is correct
Ensuring all the calculation done by systems are complete and correct
Ensuring Timely checks of various schemes and identification of

process gaps

Ensure accuracy, TAT and timelines for the payout
Discussing observation with vendor if any and resolve the issue with

required RCA

Timely provide salary and FnF input
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

Manage Partner escalations/queries and timely input for salary and

incentive

Manage assist portal for partners responding timely to queries around

Payout and hierarchy

Liaison with support teams to ensure queries relating to MIS, R&R,

Persistency, Commission, etc are responded to

Maintaining and reconciling hierarchy of partners
Salary and incentive calculation, validation, audit
Ensure accuracy, TAT and timelines for the payout

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

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Kotak Life Insurance

Insurance

Jaipur

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Incentive Calculation Executive- Deputy Manager

Experience & Salary

Skills Required

Work Mode

Job Type

Job Description

Designation:- Deputy Manager

Grade:- L2

Office Location:- Goregaon East, IT Park

Key Responsibilities;

Risk identification and control monitoring for incentive calculated by system

Verification of scheme calculation performed by Vendor is correct

Ensuring all the calculation done by systems are complete and correct

Ensuring Timely checks of various schemes and identification of

process gaps

Ensure accuracy, TAT and timelines for the payout

Discussing observation with vendor if any and resolve the issue with

required RCA

Timely provide salary and FnF input

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

Manage Partner escalations/queries and timely input for salary and

incentive

Manage assist portal for partners responding timely to queries around

Payout and hierarchy

Liaison with support teams to ensure queries relating to MIS, R&R,

Persistency, Commission, etc are responded to

Maintaining and reconciling hierarchy of partners

Salary and incentive calculation, validation, audit

Ensure accuracy, TAT and timelines for the payout

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

More Jobs at Kotak Life Insurance