Associate Director, Distribution Compensation [Hong Kong S.A.R.]

 

You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.
Job Description:
Role Summary

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  Manage the team for effective delivery of compensation payments (standard compensation, recruitment package, clubs / awards payments and campaign incentives) in accordance with an agreed service standards.
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  Lead the distribution compensation related system enhancements.
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  Provide reliable and quality services to all distribution channels relating to compensation matters review compensation schemes for all channels support new products and channels development from compensation's perspectives and monitor and analyze distribution expenses.

Job Responsibilities

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  To act as an subject matter expert on distribution compensation systems within the company. The role will be the architect for on-going system maintenance in the compensation module, oversee the implementation of system enhancements to cater for channel-specified compensation changes and explore the automation of flexible compensation payments.
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  In an event there is a development of new Distribution Management System, this role will be the key person in providing opinions on the choice of system, development of design requirements, and leading the testing process to ensure smooth implementation.
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  To ensure compensation schemes and payments are processed accurately and timely for all channels as well as to manage the agency benefits settlement including group life, medical & pension and to ensure the annual agency tax filing are reported to IRD accurately within deadline.
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  To improve administrative logistics & establishing workable solutions on system setup for campaign incentives payments, making recommendations and driving changes in speeding up the debt collection process.
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  To support business growth such as setting up proper process and system solutions for integration of MPF business partners and High Net Worth business platform with customized compensation payments arrangement.

Job Requirements

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  Degree holder with major in Business / Finance / Insurance
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  10+ years of relevant experience in distribution compensation payment with minimum 5 years in managerial capacity candidates with experience in compensation system migration/ conversion will be an added advantage
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  Proven experience in distribution compensation for multiple channels in insurance or banking industry
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  Solid knowledge in agency / brokerage operations, life operations and pension operations will be an added advantage
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  Strong leadership, execution, organization and communication skills
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  Strong critical thinking skills including comprehensive management view, financial acumen and visionary thinking
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  Excellent interpersonal skills, able to collaborate with and understand the needs of internal and external stakeholders
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  Excellent communication skills in both spoken English and Chinese
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  Proficient user in MS Office including Word, Excel, PowerPoint and Access

We offer 5-day work, attractive salary, MPF, group life and group medical insurance and excellent career development opportunities to the right candidate.
We are an equal opportunity employer and welcome applications from all qualified candidates. Application forms and resume will be kept for a period of 24 months after completion of the recruitment process. (All information will be held in strict confidence and only be used for recruitment purpose).
Job Category:Channel Management
Posting End Date:

 

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