Manager - Agency Strategy

Role description

A            Position Overview

Position Title

Manager – Leader Compensation

Department

Agency Sales

Level/ Band

401 - Manager

Role Summary:

The Manager – Leader Compensation MIS & Simulation is responsible for designing, managing, and analyzing compensation structures for Leaders. This role requires strong analytical and simulation skills to model various compensation scenarios, assess their impact, and support strategic decision-making through robust MIS reporting.

B            Organizational Relationships

Reports To

VP- Agency Strategy

Supervises

NA

C           Job Dimensions

Internal Stakeholders

Sales Team, Sales Training, HO training Content, Product

Chief Agency Officer

Distribution Operations

External

Leaders, Advisors & Employees

D          Key Result Areas   

Organization Process

Key Contributions

Compensation Design & Analysis

• Develop and maintain compensation models for leaders


• Conduct scenario-based simulations to evaluate the financial and behavioral impact of proposed compensation structures.


• Benchmark compensation practices against industry standards and recommend enhancements.

MIS & Reporting

• Design and publish dashboards and MIS reports that provide insights into compensation effectiveness, payout trends, and performance alignment.


• Ensure data accuracy, consistency, and timeliness in all reporting outputs.


• Collaborate with finance and HR teams to align reporting with organizational goals.


•  

Simulation & Forecasting

·       Build simulation models to test various compensation strategies under different business scenarios.

·       Analyze historical data and forecast future trends to support incentive planning and budgeting.

·       Present findings and recommendations to senior leadership with clear visualizations and business impact narratives.

Stakeholder Collaboration

• Work closely with product, HR, finance, and distribution teams to gather inputs and validate assumptions.


• Support leadership reviews and planning exercises with data-driven insights and compensation analytics.

E           Skills Required

Technical

·       Preferably Life insurance domain or any Finance industry & experience in compensation analytics, MIS reporting, or financial modeling, preferably in insurance or financial services.

·       Proficiency in MS excel, access and presentation skills

Behavioral

Essential

Desired

Interpersonal skills

Desired

Communication skills

Essential

Creative thinking skills

Essential

Supervising/Leadership skills

Desired

Teamwork Skills

Essential

Influencing skills

Desired

Relationship Building skills

Desired

Decision making skills

Desired

F            Incumbent Characteristics

Essential

Desired

Qualification

Graduation / Post Graduation / MBA

MBA Finance/Business

Experience

5 Yrs