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Niche insurance compensation role reduces competition despite remote work.
Highly industry-specific insurance commission processes and IRDA regulatory knowledge required.
No explicit years but role demands specific insurance compensation, regulatory and reconciliation expertise.
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Manage end-to-end distribution compensation processes including commission calculation, validation, payment disbursement, and month-end closure.
Perform commission reward reconciliation, ensure compliance with regulatory requirements, and prepare related financial schedules and reports.
Coordinate with stakeholders to resolve discrepancies, oversee commission setup management, and support statutory and internal audits including risk mitigation.
Work Experience Required: Not explicitly mentioned in the JD
Knowledge of distribution compensation processes including commission/ reward structures and payments.
Familiarity with regulatory compliance and reporting requirements related to commission and rewards (e.g., IRDA submissions).
Ability to manage financial reconciliations and audit processes effectively.
Experienced in managing complex commission and reward payment cycles within a regulated financial environment.
Detail-oriented with strong coordination skills to liaise across stakeholders and resolve discrepancies timely.
Capable of handling compliance, audit, and risk management aspects related to distribution compensation.