Operations Manager

Key Responsibilities

Transaction Data Management

• Supervise acquisition, validation, and systematic management of client investment transactions from multiple product providers (AMCs, insurers, banks, etc.).

• Oversee reconciliation of transaction feeds with internal systems and resolve exceptions.

• Drive automation for transaction processing, ensuring scalability and minimal manual intervention.

Brokerage Rate Structure Management

• Maintain database of brokerage rates and incentives to be received from Product providers.

• Analyze increase / decrease in rate structures and provide inputs to the Product team.

• Participate in creation a smart payout rate structure balancing profitability with market competitiveness.

• Track rates being offered by competitors and generate analysis.

Brokerage Receipt & Reconciliation

• Lead monthly/quarterly reconciliation of brokerage/commission receipts from all manufacturers, ensuring alignment with business generated.

• Analyze variances in brokerage received vs. expected and initiate corrective actions with product partners.

• Escalate internally in case of delays in reconciliations.

Brokerage Payout Administration

• Structure and monitor brokerage payout processes according to agreed slabs/networks, including multi-tier distribution networks.

• Ensure accurate calculation and compliance with TDS, GST, and other statutory deductions prior to payout.

• Oversee timely disbursement of brokerage to all network partners; address disputes and resolve escalations.

MIS: Analysis & Insights

• Drive analysis of data and generate meaningful insights for continuous improvement.

• Track revenue and margins at various levels – B2B / B2C, RM, Partner, etc and drive continuous increase in margins.

Qualifications

• Graduate/Postgraduate in Finance, Commerce or related field.

• 5+ years of experience in transaction operations, finance, or back-office roles in BFSI/financial products distribution, with exposure to mutual fund and insurance operations.

• Proven track record of leading teams and process improvement projects.

• Familiarity with brokerage calculation systems, advanced Excel, and MIS reporting.

• Demonstrated analytical, negotiation, and stakeholder management skills.

Key Skills

• Transaction data management and reconciliation

• Brokerage payout administration (multi-product & multi-layered networks)

• Financial reporting & variance analysis

• Process automation and project management

• Leadership and team management

• Proficiency in Excel and relevant financial software

This role is ideal for professionals seeking responsibility for critical operations supporting a large financial distribution business and offers a pathway to senior leadership in operations, finance, or partner management.

Advantages of Working with Nivesh

• Working with a digital-first award-winning investment platform.

• An excellent working environment and ownership of the functional area.

• High growth opportunities for performer.

Location & Benefits

• Location: Noida

• We promise a professional working environment with ample fun factor!

• ESOPs will be granted after one year of service.

More About Nivesh:

● Company Two Pager

● Website - https://www.nivesh.com/

● Facebook - https://www.facebook.com/niveshapp/

● Instagram - https://www.instagram.com/nivesh.com_official/

● LinkedIn - https://www.linkedin.com/company/nivesh/