Chief Manager Finance & Accounts Mumb

Tataaig · Insurance

Role & responsibilities:

Commission Accounting & Financial Close

Lead monthly, quarterly, and annual closing activities relating to commission expenses.

Ensure timely and accurate accrual, provisioning, reconciliation, and reporting of commissions across channels and business segments.

Review commission payouts and validate accounting entries in line with company policies and accounting standards.

Partner with operations and business teams to ensure completeness and accuracy of commission-related data.

Management Reporting & Business Dashboard

Prepare and publish monthly management dashboards covering:

Segment-wise commission ratios

Product-wise commission trends

Channel-wise commission analysis

Budget vs Actual performance

Profitability and expense trends

Develop insightful MIS reports highlighting key performance indicators and emerging trends.

Present monthly performance analysis to senior management with recommendations and action areas.

Commission Analytics & Cost Management

Analyze commission spending patterns across products, channels, intermediaries, and business segments.

Identify opportunities for commission optimization while supporting business growth objectives.

Monitor commission efficiency metrics and recommend corrective actions.

Conduct variance analysis and root-cause investigations for significant deviations from budget or expected trends.

Regulatory Compliance & Governance

Monitor compliance with applicable IRDAI regulations and commission expenditure limits.

Establish controls to ensure actual commission spends remain within regulatory and approved internal limits.

Highlight compliance risks and work with stakeholders to implement corrective actions.

Support regulatory reporting requirements relating to commission expenses and distribution costs.

Maintain documentation and audit readiness for internal and external reviews.

Financial Planning & Analysis (FP&A)

Support annual budgeting and long-range planning processes.

Drive periodic forecasting and outlook submissions.

Prepare scenario analyses and business projections for management decision-making.

Evaluate the financial impact of changes in commission structures, distribution strategies, and product initiatives.

Support strategic business reviews and management presentations.

Business Partnering & Stakeholder Management

Collaborate closely with Distribution, Sales, Product, Actuarial, Underwriting, and Operations teams.

Influence business decisions through data-driven insights and financial analysis.

Support leadership reviews and board-level presentations as required.

Drive continuous improvement in reporting automation, controls, and analytics.