
Operations Manager
3 weeks ago
JOB DESCRIPTION
Role Industry Job Type
Operations Manager - Transactions Data & Brokerage
Financial Services / Mutual Funds / Insurance
Full Time
Nivesh is an award-winning digital-first platform that aims to solve the problem of low penetration of financial products like insurance and mutual funds in India.
The full-stack platform provides a wide array of financial products to financial distributors and clients.
Making relevant information accessible and making investing easy through a clutter-free user interface (mobile/web) are the keys to success.
Nivesh has grown rapidly in the last 8 years of its existence and today manages approx. Rs. 3,000 crores as AUM through 9,000+ partners spread across 750 cities in India.
The total team strength is 75.
The corporate office is located in Noida and has branches in Mumbai and Jaipur.
The company is supported by leading investors including IAN Fund and LV Angel Fund.
About the Role
The Operations Manager - Transaction Data & Brokerage is responsible for overseeing the end-to-end process of managing transaction data and brokerage flows for distribution of financial products including mutual funds, insurance, fixed deposits, and bonds.
This leadership role entails ensuring accuracy and integrity of transaction records, handling reconciliation and receipt of brokerage from product manufacturers, and managing timely, compliant disbursement of brokerage payouts to partners and sub-distributors.
The person is expected to have deep domain understanding of the processes around transaction data management and revenues & payout.
Key Data Management
- Supervise acquisition, validation, and systematic management of client investment transactions from multiple product providers (AMCs, insurers, banks, etc.
- Oversee reconciliation of transaction feeds with internal systems and resolve exceptions.
- Drive automation for transaction processing, ensuring scalability and minimal manual intervention.
Brokerage Rate Structure Management
- Maintain database of brokerage rates and incentives to be received from Product providers.
- Analyze increase / decrease in rate structures and provide inputs to the Product team.
- Participate in creation a smart payout rate structure balancing profitability with market competitiveness.
- Track rates being offered by competitors and generate analysis.
Brokerage Receipt & Reconciliation
- Lead monthly/quarterly reconciliation of brokerage/commission receipts from all manufacturers, ensuring alignment with business generated.
- Analyze variances in brokerage received vs.
expected and initiate corrective actions with product partners.
- Escalate internally in case of delays in reconciliations.
Brokerage Payout Administration
- Structure and monitor brokerage payout processes according to agreed slabs/networks, including multi-tier distribution networks.
- Ensure accurate calculation and compliance with TDS, GST, and other statutory deductions prior to payout.
- Oversee timely disbursement of brokerage to all network partners; address disputes and resolve escalations.
MIS: Analysis & Insights
- Drive analysis of data and generate meaningful insights for continuous improvement.
- Track revenue and margins at various levels B2B / B2C, RM, Partner, etc and drive continuous increase in Graduate/Postgraduate in Finance, Commerce or related field.
- 5+ years of experience in transaction operations, finance, or back-office roles in BFSI/financial products distribution, with exposure to mutual fund and insurance operations.
- Proven track record of leading teams and process improvement projects.
- Familiarity with brokerage calculation systems, advanced Excel, and MIS reporting.
- Demonstrated analytical, negotiation, and stakeholder management skills.
Key Skills
- Transaction data management and reconciliation
- Brokerage payout administration (multi-product & multi-layered networks)
- Financial reporting & variance analysis
- Process automation and project management
- Leadership and team management
- Proficiency in Excel and relevant financial software
This role is ideal for professionals seeking responsibility for critical operations supporting a large financial distribution business and offers a pathway to senior leadership in operations, finance, or partner management.
Advantages of Working with Nivesh
- Working with a digital-first award-winning investment platform.
- An excellent working environment and ownership of the functional area.
- High growth opportunities for performer.
Location & Benefits
Location: Noida
We promise a professional working environment with ample fun factor
ESOP's will be granted after one year of service.
More About Nivesh:
Company Two Pager
Website - - - - (ref:iimjobs.com)
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