Wealth Relationship Manager
Equitas Small Finance LtdJodhpur
Not disclosed
Job Description
Wealth Relationship Manager
| WRM Goal-Sheet & Incentive Plan | ||||
| Quantitative Parameters Achievement % | Fixed Incentive (Rs. P.M.) | |||
| 200% & above | 60,000 | |||
| 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 locationBranch Banking>North>Rajasthan>Rajasthan>Jodhpur>Jodhpur>Rajasthan>16014>Jodhpur
DepartmentBanking / Insurance / Financial Services
Role / CategoryBanking - Treasury & Forex
Employment typeFull Time
ShiftDay Shift
Job requirements
ExperienceMin. 2 years
About company
NameEquitas Small Finance Ltd
Job posted by Equitas Small Finance Ltd
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