Distribution Compensation Specialist
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Job Location:
Monthly Salary:
Posted on:
18 hours ago
Vacancies:
1 Vacancy
Job Summary
Prudentials purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured for our people customers and partners. We provide a platform for our people to do their best work and make an impact to the business and we support our peoples career ambitions. We pledge to make Prudential a place where you can Connect Grow and Succeed.
Reporting tothe Head ofDCA the Distribution Compensation Specialist willassistin the review and performance ofbusiness cases compensation and tracking of incentive spent.The role partners closely with Agency Distribution Partnership DistributionandCustomer Teamto design cost and holistically evaluate the effectiveness ofallincentives and distributioncompensation.
Job Description:
Compensation and Incentive Schemes
Work withAgency Distribution/Partnerships Distribution/Customer to design review and recommend changes to Agency Distribution/Partnerships Distribution compensation and incentives to achieve businessobjectivesand ensure financial supportability
Obtain relevant approval for compensation changes in compliance with governance
Ensure performance ismonitoredrelativeto 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 andobjectives.
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 organizationprocessesand customers
Agency Appeals
Manage Agency appeals carrying out an assessment of reasonableness businessneedsand financialcosts whileensuringtimelyresolution 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 communicationskills
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 experiencein finance or actuarial roles or positions
Agency experience is a plus
Education
Degree in Actuarial or Finance
Language
English
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex race age ethnic origin educational social and cultural background marital status pregnancy and maternity religion or belief disability or part-time / fixed-term work or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
Required Experience:
IC
Key Skills
- IT Network
- Corporate Sales
- Data Networking
- Bank Reconciliation
- Information Technology Sales
- AC Maintenance
About Company
พรูเด็นเชียล ประกันชีวิต (ประเทศไทย) มุ่งมั่นที่จะช่วยให้คุณก้าวหน้าในชีวิต โดยเราให้ความใส่ใจอย่างเต็มที่เพื่อการบริการที่เป็นเลิศแก่คุณ ค้นหาวิธีที่เราจะสามารถช่วยเหลือคุณได้ที่นี่ ... View more
