Prudential
Distribution Compensation Specialist
Singapore · Work style not stated · Full time
Posted over 6 months ago: check it’s still open
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About the role
Description from the employer’s posting. Check the employer’s page for the current version.
- EmployerPrudential
- LocationSingapore
- Work styleWork style not stated
- Employment typeFull time
- Employer posted
Prudential’s 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 people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
Reporting to the Head of DCA, the Distribution Compensation Specialist will assist in the review and performance of business cases, compensation and tracking of incentive spent.
The role partners closely with Agency Distribution, Partnership Distribution and Customer Team to design, cost and holistically evaluate the effectiveness of all incentives and distribution compensation.
Job Description:
Compensation and Incentive Schemes
Show full description
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 organization,processesand 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.
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At a glance
- Employment typeFull time
- Employer posted
- Added to ROLIVA
- Last checked