Team Member- Commissions-travel

1 week ago


India Bajaj Allianz General Insurance Company Full time
:

JOB PURPOSE

Educational Qualifications

  • Qualifications_
  • Commerce Background preferred
Work Experience_

  • 5 Years of Relevant Work Experience
Technical Skills_

  • Excel skills
  • Strong Financial Background
-
Financial Dimensions

  • Almost all commission which will approximately in tune of 70 crs yearly
-
SKILLS AND KNOWLEDGE

Internal Clients

Roles you need to interact with inside the organization to enable success in your day to day work

  • Channel/Vertical Heads for commission payouts and reports
-
External Clients
**Roles you need to interact with outside the organization to enable success in your day to day work

  • Internal Auditors for their specific requirements for audit.
-
DIMENSIONS

  • Design campaigns along with Channels Heads/Vertical Heads, recommend changes if needed and getting a sign
- off from the Vertical head on the same
-
INTERACTIONS

  • Ensuring that commission payouts are within the guidelines set by IRDA.
  • Ensuring that the business agenda is met while designing the employee incentive campaigns.
-
DECISIONS

Commissions Management

  • Updating the commission's structure and grid in coordination with the underwriting and actuarial team along with updating policy wise rates for travel
  • Monitoring IRDA commissions by overseeing the payments being made to the intermediaries and brokers as per the IRDA compliance.
  • Prepare MIS and data for IRDA purposes on a monthly and quarterly basis.
  • Preparation of Yearly report to be filed with the IRDA along with sharing certification to corporate agents with a summary of how much business is done with them and amount of commission paid.
  • Attends escalations or queries that arise from agents or internal stakeholder with respect to commissions
-
Campaigns and Incentives Management

  • Design campaigns recommend changes if needed for travel business
  • Collaborating with team for designing the incentive schemes of travel from the perspective of alignment to business objectives and budget, etc.
  • Overseeing the travel campaign details and suggesting on the amount that can be looked at for the proposal.
  • Performing an analysis of all the campaigns run for IMDs for travel and sharing reports with the superior on payouts and benefits.
  • Responsible for the payouts for the campaigns for IMDs and approving the same.
  • Checking incentive payout details calculations and if the same is within the terms set by the scheme and getting the same reviewed by HR.
-
Automation and process improvement

  • Driving automation and process improvements for smooth commission and incentive payouts for travel business.
  • Catering to internal and statutory auditors along with service tax auditor and IRDA auditors.
-
MAJOR CHALLENGES

Comments:

  • Numerical figure represents the total number of incumbents in the role
-
PRINCIPAL ACCOUNTABILITIES
Assisting in handling commissions and campaign design's for IMDs and designing simulations for all sales incentive schemes for employees pertaining to Travel Channel

ORGANISATIONAL CHART

Department
:

HO

Open Positions
:

1

Skills Required:

:

  • Knowledge of international travel regulations, customs and currencies
  • Knowledge of T&E reporting and processing
  • Working knowledge of MS Office and CTM/GDS solutions
  • Excellent communication (oral and written) and negotiation skills
  • Wellorganized and reliable
  • An analytical mind with strong business acumen
  • Customeroriented approach

Role
:

2

Location
:

HO - Direct Marketing

Education/Qualification
:

Graduate

Desirable Skills
:

Experience as corporate travel manager

Years Of Exp
:

10 to 15 Years

Posted On
:

  • 13Nov2023
    Designation
:

Team Member

  • Commissions-Travel


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