Aditya Birla Group
Aditya Birla Group | Assistant Vice President
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Job Highlights
Responsibilities
- The role ensures accurate and timely payment processing, regulatory compliance, robust financial controls, stakeholder management, and continuous process automation to support business growth and operational efficiency.
- Manage end-to-end payout processes for commissions, incentives, contests, rewards, and other distributor remunerations.
- Ensure timely and accurate processing of payouts across agency, banca, broker, direct sales, and other distribution channels.
- Monitor payout calculations, validations, approvals, accounting, and disbursements.
- Review complex payout scenarios and resolve exceptions within defined timelines.
- Establish and maintain strong maker-checker controls and payout governance frameworks.
- Ensure compliance with internal policies, delegation of authority, and financial control requirements.
- Drive implementation of audit recommendations and process improvements.
- Monitor payout-related provisions, recoveries, reversals, and reconciliations.
- Ensure adherence to IRDAI regulations, taxation requirements, commission guidelines, and applicable remuneration policies.
- Support internal, statutory, and regulatory audits by providing explanations, data, and documentation.
- Assess impact of new regulations and coordinate implementation across systems and processes.
- Oversee monthly reconciliation of payout-related balances, GL accounts, and outstanding items.
- Review management reports, channel-wise payout analysis, and exception dashboards.
- Provide insights on payout trends, variances, productivity, and financial impact.
- Coordinate with Distribution, Finance, Taxation, Compliance, IT, HR, Planning, Operations, and external partners.
- Act as a single point of contact for payout-related escalations and critical business issues.
- Support leadership with data-driven analysis and recommendations.
- Drive automation initiatives to improve payout accuracy, efficiency, and scalability.
- Partner with technology teams for system enhancements, UAT execution, and process digitization.
- Identify opportunities to reduce manual intervention and operational risk.
- Lead, mentor, and develop team members.
- Allocate work, review deliverables, and ensure achievement of service-level commitments.
- Build a high-performance culture focused on quality, timeliness, and continuous improvement.
- Timely and accurate payout processing.
Requirements
- 8-12 years of experience in Finance Operations, Distribution Payouts, Commission Management, Insurance Finance, or related domains.
- Prior experience in Life Insurance, Financial Services, Banking, or NBFC sectors preferred.
- Team handling experience is desirable.
- Strong understanding of commission and incentive payout processes.
- Knowledge of accounting, reconciliations, and financial controls.
- Understanding of IRDAI regulations and taxation aspects related to payouts.
- Advanced proficiency in Excel and reporting tools.
- Experience with ERP systems, payout platforms, data analytics, and automation initiatives.
- Strong analytical and problem-solving skills.
- Attention to detail and control mindset.
- Stakeholder management and influencing skills.
- Ability to work under tight deadlines and manage multiple priorities.
- Effective stakeholder engagement and issue resolution.
About the company
Aditya Birla Group
The Aditya Birla Group is one of India's largest business groups. Its companies work in metals (Hindalco and Novelis), cement (UltraTech), cellulosic fibres, chemicals and paints (Grasim), financial services (Aditya Birla Capital), fashion and retail, renewables and telecom. The group is chaired by Kumar Mangalam Birla.
Each group company runs its own finance and accounts function. That creates openings in plant and business-unit accounting, costing and MIS, taxation, treasury, internal audit and company secretarial work, across corporate offices and manufacturing locations.
