Job Purpose:

End to end management of incentive payouts 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 payouts

• Adhere to the SLA’s and ensure monitoring, for delays

• To independently review and automate existing business performance & incentive process. Also, automate other internal processes wherever possible to bring in more efficiency and reduce TAT

• To overlook the Business Performance & Incentive payment process which includes obtaining required data and Validating and calculating performance & payouts as per approved policies

• To implement adequate controls in the process & set up processes & SLA’s with Business & stakeholders to enable and accurate and timely MIS/payouts

• To liaise with Unit Managers to resolve issues and continuously enhance Business Performance & Incentive payout process

• To 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

Key Result Areas:

• Lead and 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

Knowledge, skill and experience:

• Finance/MIS professional preferably having an experience of 2-3 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

Responsibilities

Key Result Areas:

• Lead and 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

Qualifications

Knowledge, skill and experience:

• 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