Senior Executive, Distribution Compensation

2 weeks ago

Singapore Income Insurance Limited Full time $60,000 - $80,000 per year

You will be part of our compensation team within our Distribution Middle Office (DMO), which supports multi business lines & multi distribution channels within the organization. You will be handling agency compensation tabulation work under tight timelines.

Key responsibilities include:

  • Monitor, validate and process all financing schemes, contest & compensation payments to representatives & supervisors under all distribution channels

  • Handle monthly account closing related to sales measurement & ensure that all results & payments are timely and accurately completed

  • 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

Qualifications:

  • At least 3 years of experience in the insurance industry in distribution compensation

  • Degree or Diploma in any discipline. Candidates lacking certificates but have relevant experience are welcome to apply.

  • Experience in system UAT is preferred

  • Able to generate reports using Excel Pivot Tables, familiar with MS Word and Powerpoint

  • Meticulous with a keen eye for detail

  • Analytical and good with data

  • Self-motivated and independent worker, results-oriented

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