Senior Associate, Compensation

2 weeks ago

Singapore HSBC Full time

-Job description

**Some careers grow faster than others.**

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank

Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as a **Senior Associate, Compensation.**

**Principal Responsibilities**

Compensation
- Replacement of Policy
- Administer the tracking of Replacement of Policy (ROP) to send out letters to client/agents/distributors
- Assess and do fact finds for appeals by the agents
- Communicate to stakeholders including but not limited to agency leaders, business partners and management to ensure they are kept abreast of relevant information required relating to ROP

Distribution Channel Compensation
- Administer the Distribution channel Compensation to ensure on time and accurate payments
- Key touch-point for internal and external customers’ enquiries on compensation related matters
- Ensure the accuracy and timely delivery of the end to end process on compensation
- Deliver on ad hoc tasks when assigned
- Enhance / streamline workflow where applicable
- Update of SOP promptly and where applicable
- Assist and handle enquiries professionally and promptly

Projects
- Participate in projects & UAT as required
Requirements
- Degree & Above
- Strong Microsoft Office Skills: MS Excel (Pivot Tables, Formula), MS Word
- Proficiency in VBA & Insurance industry experience will be an added advantage
- Great interpersonal skills and enjoy working in a team
- Strong communication skills (both verbal and written) to interact with stakeholders
- Meticulous to ensure accuracy of deliverables
- Ability to manage multiple priorities effectively in a fast-paced environment
- Ability to work effectively under pressure with tight timeline
- Resourceful, Independent & strong problem solving skills

To be considered for this role, the relevant rights to work in Singapore is required.

**You’ll achieve more when you join HSBC.**

Issued by The Hongkong and Shanghai Banking Corporation Limited.

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