Assistant Manager, Compensation

2 days ago


Geylang, Singapore Income Insurance Limited Full time

You will be part of the System Support team within Distribution Middle Office (DMO) and will be reporting to the Compensation Manager.

**Key Responsibilities include**:
As part of new compensation system implementation, you will be the Subject Matter Expert (SME) & work with project team to:

- Provide complete & detailed requirements for the new system
- Ensure full acceptance of business requirements & testing results
- Identify changes to current and future operations & drive change management within Compensation Team
- Review test plan and participate in UAT

Post new compensation system go live, you will continue to be part of Compensation Team to:

- Handle monthly account closing related to all distribution compensation & ensure that all payments are timely and accurately completed
- Monitor, validate and process all financing schemes, contest & compensation payments to representatives & supervisors under all distribution channels
- Provide progress reports on all financing schemes, contest & compensation payments to help representatives & supervisors monitor their progress towards achieving of results
- Support implementation of initiatives to be rolled out by all distribution channels
- Handle e-submission of annual earnings of tied agents to IRAS & adhoc income statement request
- Participate in system testing of new product launches & distribution channels' new initiatives to ensure that compensation computation are correctly implemented
- Support the rolling out of regulatory changes in areas which impact distribution compensation
- Any other projects or tasks as assigned

**Requirements**:

- Degree or Diploma in any discipline
- Experience in system UAT is preferred
- Familiarity with Excel Pivot Tables to handle sales report generation.
- Highly organized, focused and able to work under tight timelines and pressure
- Independent, self-driven and results-oriented
- Meticulous with a keen eye for detail
- Analytical and strong problem-solving skills
- Willing to challenge status quo and take risks

**Salary**: $5,300.00 - $6,400.00 per month

Schedule:

- Monday to Friday

Work Location: In person



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