Relationship Manager - Retail Health
USGI Career Portal
Co-Insurance Processors
About this role
Responsible for the accurate and timely calculation, validation, reconciliation, and disbursement of commissions payable to brokers, agents, intermediaries, or sales teams. The role involves managing commission operations, ensuring compliance with organizational policies and regulatory requirements, resolving commission-related queries, and coordinating with Sales, Operations, Finance, and IT teams. The incumbent monitors commission expenses, prepares management reports, strengthens financial controls, and drives process improvements to enhance accuracy, efficiency, and stakeholder satisfaction.
- Manage end-to-end commission calculation and payout processes for brokers, agents, intermediaries, and sales teams.
- Validate premium collections, policy issuance data, endorsements, cancellations, and renewals before commission processing.
- Calculate commissions as per approved commission structures, agreements, and regulatory guidelines.
- Reconcile commission payable accounts with finance and accounting records.
- Review and resolve commission-related discrepancies, disputes, and stakeholder queries.
- Ensure timely and accurate commission payouts while adhering to defined SLAs.
- Monitor commission expenses and prepare MIS reports for management review.
- Coordinate with Sales, Operations, Finance, and IT teams for commission data validation and system enhancements.
- Ensure compliance with IRDAI/company policies, brokerage agreements, and audit requirements.
- Perform commission provisioning, accrual calculations, and monthly closing activities.
- Conduct periodic audits and controls to identify calculation errors and mitigate financial risks.
- Analyze commission trends and recommend process improvements to enhance efficiency and accuracy.
B. Com/MBA Finance with 5 + exp
Frequently Asked Questions
Is the salary disclosed for the Co-Insurance Processors position at USGI Career Portal?
The salary for this Co-Insurance Processors role at USGI Career Portal is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Co-Insurance Processors position at USGI Career Portal located?
This Co-Insurance Processors role at USGI Career Portal is based in Maharashtra, India. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
How do I apply for the Co-Insurance Processors position at USGI Career Portal?
Click the "Apply Now" button on this page. You will be redirected to USGI Career Portal's official application portal hosted on oraclecloud where you can submit your application directly.
When was the Co-Insurance Processors job at USGI Career Portal posted?
This Co-Insurance Processors position at USGI Career Portal was posted on Sep 21, 2026. Apply as soon as possible — early applications are often reviewed first.
Co-Insurance Processors
USGI Career Portal
You'll be redirected to USGI Career Portal's official application page on oraclecloud.