Deputy Manager - Distribution Compensation
Axis Max Life Insurance (company site, opens in a new tab)RemoteDirect career pageEst. 12–18 LPA
Posted on 14 Sept
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Job description
Structured overview of role & requirements
About This Role
- Manage end-to-end distribution compensation processes including commission and reward calculations, validations, disbursements, and month-end provisions closure.
- Reconcile commission accounts, ensure timely payments, handle regulatory reporting including IRDA submissions, and maintain compliance with financial regulations and audit requirements.
- Oversee distribution commission setup management, automate premium and payout reporting, and implement risk mitigation strategies related to financial exposures in compensation processes.
Minimum Requirements
- Experience Required: Not explicitly mentioned in the JD
- Mandatory domain: Distribution compensation and commission management in insurance sector
- Location Requirement: Gurugram (Home Office Branch)
- Knowledge of regulatory requirements (IRDA), GST reconciliation, and audit handling.
Ideal Candidate Profile
- Experienced professional with expertise in finance functions related to insurance distribution compensation, commission processes, and regulatory compliance.
- Strong operational focus on managing accurate and timely commission payments with stakeholder communication skills.
- Ability to handle audit processes, risk management, and automation of reporting in financial compensation context.