Assistant Manager – Distribution Finance

4 weeks ago

Mumbai, Maharashtra, India Bharti AXA Life Insurance Full time

Company Description:

Bharti AXA Life Insurance is a leading life insurance provider in India, offering value-for-money life insurance and savings solutions. Established in 2006, we are a wholly owned subsidiary of Bharti Life Ventures Private Limited, a prominent business group in India. With over 200 branches across India, we ensure accessibility and convenience for our customers. Recognized as a Great Place to Work for four consecutive years, we foster a positive work environment.

Job Description:

We're looking for a dynamic, detail-driven finance professional to join our Distribution Finance team as an Assistant Manager. This role offers an exciting opportunity to manage end-to-end incentive processing and performance payouts while ensuring accuracy, compliance, and timely delivery.

Location- Malad, Mumbai

Designation- Assistant Manager – Distribution Finance

Key Responsibilities:

  • End-to-end processing of channel incentive payouts with 100% accuracy within defined TAT.
  • Interpret and execute performance-based incentive models as per approved PMS designs.
  • Maintain monthly accruals for incentives and special payouts, ensuring consistency and compliance.
  • Perform in-depth MIS analysis to identify trends and suggest actionable improvements.
  • Collaborate cross-functionally with HR, Finance, Sales Support, and IT teams.
  • Manage internal processes and reconcile payouts with meticulous precision.
  • Respond to audit requirements and uphold IRDAI compensation guidelines.
  • Seamless processing and reporting of incentive payouts.
  • Accuracy and timeliness across all financial touchpoints.

Qualifications & Experience:

  • Graduate/Postgraduate from a Tier 1 or Tier 2 institute.
  • 6+ years of experience, including at least 3 years in the Life Insurance industry.
  • Advanced proficiency in Excel, MS Access, SQL, and PowerPoint.
  • Strong stakeholder engagement and adherence to regulatory frameworks.

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