Commission calculation and payments for Bancassurance/Group/PMJJBY/Agency/Brokers channel. Ensure
timely commission payments to all channel partners.
TDS calculation on commission for Bancassurance/Group/PMJJBY/Agency/Brokers
Commission MIS to Channel Partners and SUD Life Sales team
GST Payment to channel partners
Quarterly Write Back & Write Off for Agency Channel
Providing calculations to Finance Department for quarterly Accounts Closing.
Query handling and resolution related to commission/admin fees pay-out.
Coordinating with CMS Team, IT, Finance & Partnership Development/Other Sales Department related to
Preparations of office notes/scheme circulars and necessary approvals
Automation of Commission Calculation/Generating automated reports/MIS’s as required
Process designing, SOP creation/modification
Coordination with channel partners related to receipt of commission and GST payout
Preparation and submission of Monthly Life Insurance Council (LIC) updating
Monthly Publishing updated details of Individual Agents/ Corporate Agents on Company website & updation
Monthly Advisor suspension/termination due to Minimum business guarantee. Communication letter to them
Monthly recovery of commission of agent. Communication letters to advisors on recovery
Quarterly commission report for agents on miss-selling complaints
Preparation and submission of
Quarterly and Yearly BAP – Life Operations Report
Half yearly and Yearly return in respect of POS Life Products business
Schedule VI A yearly for Corporate Agency and status updation on LCMS
To ensure proper and timely compliance with Auditors as well as Regulators.
Attending Internal Auditors and Statutory Auditors in conducting of smooth audit and giving compliance on the
queries in the Audit report and ensure compliance.
Provide MIS related Commission required by Banks, Finance and Accounts for preparation of various
financial statements, IRDAI statements etc.
Technical Competencies :
Domain expertise and industry knowledge
Strong Statistical, Mathematical and Quantitative skills
Data analytics/ complex data analysis/ Dashboards/MIS
Strong Skills on Advanced Excel/PPT, especially Macros, SQL, model designing
Knowledge of Life-Asia (must) and Group-Asia will be an added advantage
*Preferred Work Experience: Min 4-5 years in handling commission pay-outs