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Manager, Distribution Compensation

2 weeks ago

Singapore Income Insurance Limited Full time

Key Responsibilities:

- Close collaboration with Channel Heads and GM of Consumer Distribution to design attractive and risk-balanced compensation scheme to scale Income's Distribution and grow New Business Sales, while ensuring internal financial metrics are met.
- Work closely with Head of Pricing, Chief Actuary, Chief Customer Officer and key business stakeholders such as Channel Heads and General Manager of Consumer Distribution in designing solution to drive the product and pricing strategy for the life business.
- Create best practices and design effective controls and monitoring framework as part of deliveries to protect Income against regulatory, financial and reputation risk.
- Review and recommend enhancement to Actuarial Models related to pricing and distribution compensation structures.
- Adopt the design-thinking and agile framework in delivering pricing project.

Qualifications:

- Good progress in actuarial qualifications with either US, UK, or Australia Actuarial Institute or newly qualified actuary, with at least 8-10 years of work experience in Actuarial function.
- Having experienced in developing distribution compensation scheme in insurance industry will also be a plus.
- Strong project management, communication and actuarial technical skills.
- Confident to challenge status quo and take risk to drive towards maximising results.
- Adaptable and open to dynamic working environment and willing to explore new ways of working.
- Experience in stakeholder management or project-type experience.