Senior Executive, Distribution Compensation

4 days ago


Singapore Income Insurance Limited Full time

About the role
As the Senior Executive, Distribution Compensation at Income Insurance Limited, you will play a pivotal role in managing the compensation and incentive programs for our extensive network of insurance agents and financial advisors. This position will see you working closely with various stakeholders to ensure our distribution channels are rewarded and motivated to provide exceptional service to our customers.
What you'll be doing
Administering and optimising our agent and advisor compensation plans, ensuring they are competitive and aligned with company goals
Analysing sales and performance data to identify opportunities to enhance our distribution incentive structures
Collaborating with sales, operations and finance teams to implement new or revised compensation programs
Providing reporting and insights on the performance and effectiveness of our distribution compensation initiatives
Serving as a subject matter expert on all aspects of agent and advisor remuneration
Identifying and resolving any issues or discrepancies in compensation payments
Documenting policies, procedures and guidelines related to distribution compensation
What we're looking for
Minimum 5 years' experience in distribution compensation, ideally within the financial services or insurance industry
Strong analytical and problem-solving skills with the ability to interpret complex data and develop data-driven recommendations
Excellent communication and stakeholder management skills to effectively liaise with sales, finance and other key teams
Proficient in the use of compensation management software and data analysis tools
Thorough understanding of compensation plan design, incentive structures and regulatory requirements
A collaborative mindset and ability to work cross-functionally to drive process improvements
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