Employee

POSITION NAME

Variable Agency Payout & Support

DESIGNATION

Manager

POSITION GRADE

L3

DEPARTMENT

CPC-Channel Support

SUB DEPARTMENT

Variable Agency Support

REPORTINGPOSITION

Assistance Vice President

DOTTED LINE REPORTING TO

----

NO. OF POSITIONS REPORTING IN

2

MANAGEMENT LEVEL

L6

OBJECTIVE OF THE ROLE

Responsible for incentive payout and support for partners under multiple Variable agency channels for Kotak Life.

KEY RESPONSIBILITIES

Weightage

.Salary and incentive calculation and payout for all major variable agency channels of Kotak Life

-Maintaining and reconciling hierarchy of partners

-Salary and incentive calculation, validation, audit

-Ensure accuracy, TAT and timelines for the payout

.Automation of payout processes and changes to the processes in liaison with vendor

-Provide inputs to Channels for payout simulations

-BRD Preparation for any modifications in payout schemes

-Coordination with vendor for automation

.Manage Partner escalations/queries

-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

.Provide timely and accurate inputs to Accounts, HR, CPC and other teams

-Liaison with accounts team for provisions, coordinating with channel team for budgets

-Liaison with HR team for TDS, hold cases, FnF, recovery and others

40%

10%

30%

20%

TOTAL

100%

INTERACTIONS

Internal Relations: Channel SPOCs, Operations, Accounts, HR, Data Science, R&R

External Relations: Vendors

REQUIRED QUALIFICATION AND SKILLS

Educational Qualifications: B.Com/MBA

Work Experience: Insurance Ops/Insurance APC or CA Audit Firm

Certifications:

Other skill set:

.Self-Managed

.Willing to take initiative

.Team-Worker

.Data analysis

.Eye for detail