Job Seeker
MBA (Finance) / CA Inter / Post – graduate with 8-10 years of exp., as a DY Manager / Asst Manager - Finance Control at a Insurance Co., Mumbai

Insurance Company

year_icon   8 - 10 Years

year_icon   0.0 Lacs - 0.0 Lacs

year_icon    Mumbai

year_icon   Insurance

year_icon    MBA

09 Jun 2023

Job description


  • Ensure calculation of commission as per F&U rates and the IRDA regulations.
  • Vet KPI incentives, other pay-outs
  • Ensure commission has been booked and accounted correctly as per accounting standards and policies.
  • Ensure reconciliation of the balances as per policy admin system with the financial accounting software – Oracle
  • Ensure timely submission of regulatory reports relating to commission with the IRDA.
  • Share monthly party level TDS liability on commission with TAX Team for liability discharge to the tax authorities.
  • Ensure Commission queries received from multiple stakeholders are resolved within the approved TAT.
  • Liaison with the auditors for resolution of audit queries
  • Ensure the UAT/ enhancements are carried out within the agreed timelines.
  • Ensure Commission payments are processed on timely basis and within approved TATs.
  •  Work towards strengthening the controls over the commission pay-out process
  • Work with various functions for process improvements



  • Ability to organize and prioritize.
  • Ability to place better controls and well verse with the regulations.
  • Ability to maintain TAT’s consistently.


  • Capable of a rigorous analytical approach and result oriented.
  • Perseverance in the analysis of issues.


  • Expertise in regulations and guidelines of accounting and payouts
  • Expertise in control functions
  • Expertise in reconciliation
  • Expertise in volume management

Posted by: Admin