Distribution Compensation Specialist - Singapore - Prudential Group

    Prudential Group
    Prudential Group Singapore

    6 days ago

    Full time
    Description

    Compensation and Incentive Schemes 

    • Work with Agency Distribution/Partnerships Distribution/Customer to design, review and recommend changes to Agency Distribution/Partnerships Distribution compensation and incentives to achieve business objectives and ensure financial supportability 
    • Obtain relevant approval for compensation changes in compliance with governance 
    • Ensure performance is monitored relative to business case and support in providing senior management with regular updates. Where necessary, recommend changes to management together with distribution 
    • Perform post implementation review on approved business cases 

    Agency Recruitment Schemes 

    • Support agency recruitment by developing the effective means to achieving recruitment targets and objectives. 
    • Review the effectiveness of various recruitment schemes and work with Agency Recruitment to implement further improvements 

    Business Strategies and Special Projects 

    • Review and support the implementation of Distribution Strategies, especially from product and compensation analytics perspective. 
    • Understand the impact and implication of such initiatives and provide coordination within Finance and Actuarial where appropriate 
    • Build DCA knowledge of the organization, processes and customers 

    Agency Appeals 

    • Manage Agency appeals, carrying out an assessment of reasonableness, business needs and financial costs, while ensuring timely resolution and adherence to governance standards. 

    Who we are looking for: 

    • Competencies & Personal Traits 
    • Good technical financial knowledge 
    • Good understanding of insurance industry issues and trends 
    • Detailed and Meticulous 
    • Strong analytics skills 
    • Ability to work autonomously 
    • Good communication skills 
    • Business acumen 
    • Inquisitive and ability to think out of the box and look beyond existing solutions and own area to define/resolve issues 

    Working Experience:

    • At least 7 years of relevant experience in finance or actuarial roles or positions 
    • Agency experience is a plus 

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