Sales Commission Manager

2 weeks ago

Singapore beBeeCompensation Full time $90,000 - $120,000

Commission Management Specialist

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We are seeking a meticulous and analytical professional to oversee the end-to-end management of sales commission schemes for our organization. This role plays a critical part in ensuring timely and accurate commission processing, driving compensation strategies, and supporting business growth through effective incentive frameworks.

  • Commission Operations & Accuracy
    • Oversee the accurate and timely processing of monthly commissions, bonuses, overrides, and special incentive payouts for agents.
    • Monitor and validate commission outputs to ensure alignment with sales performance, contract hierarchy, and compensation plans.
    • Manage exception handling, escalation, and resolution of commission discrepancies.
  • System & Process Enhancement
    • Partner with IT and system vendors to maintain and enhance the commission system (e.g., ensure rules and logic are updated accurately).
    • Lead UATs for system changes, commission plan updates, and new incentive programs.
    • Continuously improve workflow automation, reporting tools, and control mechanisms.
  • Reporting & Governance
    • Generate and review monthly dashboards and reports on commission trends, cost analysis, and performance payouts.
    • Ensure governance and compliance with internal audit, regulatory, and contractual requirements (e.g., MAS regulations, agent contracts).
    • Support internal and external audits related to compensation and sales incentive schemes

Required Skills & Qualifications

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To be successful in this role, you will need:

  • Bachelor's degree in Accounting, Finance, Business, or related fields.
  • At least 8–10 years of experience in commission management, incentive programs, or financial operations—preferably within the industry.
  • Strong understanding of sales compensation models for tied agency, IFA, or bancassurance channels.
  • Proven ability to manage large datasets, complex calculations, and system-based commission rules.
  • Proficient in Excel, commission platforms, and data visualization tools (e.g., Power BI, Tableau).
  • Detail-oriented, analytical, and process-driven.
  • Strong communication and stakeholder engagement skills.
  • Experience with regulatory frameworks (e.g., MAS) is a plus.

Benefits

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You will have the opportunity to work with a talented team, develop your skills, and contribute to the success of our organization.

Others

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If you are a motivated and detail-oriented individual with a passion for commission management, we encourage you to apply for this exciting opportunity.

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