Compensation Manager for Insurance Agents
2 days ago
Job Summary:
We are seeking a skilled and analytical Compensation Manager to oversee the end-to-end management of sales commission schemes for insurance agents.
This role plays a critical part in ensuring timely and accurate commission processing, driving compensation strategies, and supporting business growth through effective incentive frameworks.
Key Responsibilities:
- Manage the accurate and timely processing of monthly commissions, bonuses, overrides, and special incentive payouts for insurance 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.
Requirements & Qualifications:
- Bachelor's degree in Accounting, Finance, Business, or related fields.
- At least 6–10 years of experience in commission management, incentive programs, or financial operations—preferably within the insurance or financial services 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.
Benefits:
This role offers the opportunity to work in a dynamic and challenging environment, with a competitive salary and benefits package.
About the Role:
This is a unique opportunity to join our team and make a real impact on our business. If you have a passion for compensation management and a desire to work in a fast-paced environment, we encourage you to apply.
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