Wealth Relationship Manager

Equitas Small Finance Ltd

Jodhpur

Not disclosed

Work from Office

Full Time

Min. 2 years

Job Details

Job Description

Wealth Relationship Manager

 

WRM Goal-Sheet & Incentive Plan
Quantitative Parameters Achievement %Fixed Incentive (Rs. P.M.)
200% & above60,000
150% - 199.99%45,000
100% -149.99%30,000
80%-99.99%20,000
60%-79.99%15,000
50%-59.99%10,000
Below 50% (min 2 Parameters 70% Ach each)6000
Below 50%^^(others)0
^^Note: Below 50% SOP Ach:  min 125% Ach in any one of CASA NTB/OTB/RTD value parameter will be eligible for a payout of Rs 3000
• Monthly Payment will be processed on M+2 basis
• Max Incentive at 80% of CTC for the month

Incentive Booster/Docking : 
(i) Basis MTD RPOL Growth :
a.If Inc RPOL is +ve -> Full eligible incentive will be paid.
b. If Inc RPOL is -ve -> 70% of total eligible incentive amount will be paid.

        
(ii) Special Booster - on 12 Months basis (on FY basis) :
           a.10% of CTC - 125% and above     Score card for 8 Months out of 12 months
(iii) Qualified Family Banking (NTB+OTB): 5 - Booster 10% on the score
(iv) Qualified PH (NTB+OTB): 10 - Booster 10% on the score
(v) RTD Book - Mapped Portfolio: RTD value Renewal booster/docker
      a. 90% + renewal in value terms: 10% booster on score
b. 70% to 90% renewal in value terms: 5% booster on score
(vi) RTD Book - Mapped Portfolio: RTD (No of Customers) Renewal booster/docker
      a. 80% + renewal in terms of No of Customers: 5% booster on score

NISM and IRDA certification is mandatory. If any employee is not certified, below rules will be applicable for calculation of KRA/Incentive.
(i)For Vintage Employee (more than 3 months Vintage) :
a. Not eligible to sell and docker of 25% incentive on the overall SOP
(ii) For New Joiners/ Role change (from other channel to RM Channel) employees : (Upto 3 months)
             b.  Only considered as LG subject to Branch is certified for the first three months.

Job role

Work location

Branch Banking>North>Rajasthan>Rajasthan>Jodhpur>Jodhpur>Rajasthan>16014>Jodhpur

Department

Banking / Insurance / Financial Services

Role / Category

Banking - Treasury & Forex

Employment type

Full Time

Shift

Day Shift

Job requirements

Experience

Min. 2 years

About company

Name

Equitas Small Finance Ltd

Job posted by Equitas Small Finance Ltd

Apply on company website