Lead - MIS - Incentive Processing

1 week ago

Bengaluru, Karnataka, India Mashreq Corporate & Investment Banking Group Full time ₹ 15,00,000 - ₹ 25,00,000 per year

End to end management of incentive pay-outs for Retail Banking teams, along with Business Performance function, automation of incentive calculations and management reporting

  • Formulate template for calculation of incentive and calculate incentives as per approved policies, ensuring timely and accurate pay-outs
  • Adhere to the SLA's and ensure monitoring, for delays
  • Independently review and automate existing business performance & incentive process. Also, automate other internal processes wherever possible to bring in more efficiency and reduce TAT
  • Overlook the Business Performance & Incentive payment process which includes obtaining required data and Validating and calculating performance & pay-outs as per approved policies
  • Implement adequate controls in the process & set up processes & SLA's with Business & stakeholders to enable and accurate and timely MIS/pay-outs
  • Liaise with Unit Managers to resolve issues and continuously enhance Business Performance & Incentive pay-out process
  • Manage Business Performance and incentives database for detailed analysis
  • Resolve issues related to data, policies and processes in collaboration with stakeholders and ensure necessary approvals and documentation is maintained for Audit records
  • Drive Automation of data sourcing and management of data obtained from Technology, BI & other sources as required to identify staff wise business performance and incentives and ensure data received is as per policy parameters & is independent.
  • Enhance and Automate Business Performance and Incentive calculation process – which is currently managed in Excel
  • Implement Internal Controls & Checks in automated calculation models to ensure correct payment & compliance with approved policy
  • Ensure Exceptions are handled with proper approvals and log is maintained for audit record.
  • Business Performance analysis & Reports for Management Review
  • Finance/MIS professional preferably having an experience of 4-5 years in MIS, Business Intelligence or finance functions in banking industry
  • Should possess strong analytical skills with logic reasoning capabilities.
  • Knowledge of Retail Banking Products is a plus
  • Excellent interpersonal and presentation skills capable of interacting with Business Managers at different levels.
  • Good organization skills with emphasis on attention to detail.
  • Good Team Player

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