Head of Agency Performance and Strategy
7 days ago
Are you a seasoned professional seeking a challenging role in agency compensation management? Look no further. CHUBB ASIA PACIFIC PTE. LTD. is seeking an experienced Head of Agency Compensation and Performance Management to lead our team in Singapore.
This senior position requires a strong understanding of agency compensation structures, commission schemes, and expenses account management. You will collaborate with APAC senior leadership to formulate strategies that drive business growth and achieve Chubb Life's ambitious goals in targeted markets.
- Key Responsibilities:
- Develop and implement effective compensation plans, including commission structures and basic and leader overriding mechanisms.
- Review local compensation effectiveness periodically, ensuring alignment with business objectives.
- Lead the implementation of new agency models, such as two-tiered compensation systems and referral programs.
- Analyze channel efficiency, forecasting local agency channel value and profitability, and making recommendations to improve performance.
- Persistency (renewal business) management, including tracking local performance and implementing initiatives to enhance customer retention.
- Support industry recruitment efforts by designing competitive financial schemes, building comprehensive presentation slides, and reviewing contract terms and conditions.
Requirements:
- Bachelor's degree minimum, with relevant professional industry qualification preferred.
- 10+ years job experience in life insurance in Asia markets, with at least 5 years focusing on agency development or related.
- Strong management and leadership skills, with expertise in data analytics, project management, and strategic planning.
- Excellent influencing and interpersonal skills, with the ability to build strong relationships with stakeholders.
- Good command of English and one native language (Asia), with excellent written and verbal communication skills.
We offer a competitive salary package, commensurate with experience, in the range of SGD 120,000 - SGD 180,000 per annum. This includes benefits such as health insurance, retirement savings plan, and opportunities for career growth and professional development.
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