Finance Executive (Distribution Compensation) - 6 Months

RecruitFirst; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A recruitment agency is seeking a Finance Executive focused on Distribution Compensation. The role involves handling compensation closing, GL closing, and overseeing compensation processing. Ideal candidates should have at least 5 years of relevant experience and a degree in Accounting. Strong communication and independence are essential for success in this position.

Qualifications

• Minimum of 5 years of experience in Distribution Compensation or related functions.
• Strong understanding of compensation frameworks and policy systems.
• Ability to work independently and manage projects.

Responsibilities

• Handle fortnightly/monthly compensation closing for accurate payment.
• Perform monthly/yearly GL closing including provisions and schedules.
• Administer deferred and long-term incentive schemes.

Skills

Accounting processes

Compensation frameworks

Good communication

Attention to detail

Education

Diploma/Degree in Accounting

Job description

Finance Executive (Distribution Compensation) - 6 Months

Handle fortnightly/monthly compensation closing to ensure accurate payment, posting and reconciliation.

Perform monthly/yearly GL closing, including provisions, amortisation and schedules according to accounting guidelines.

Apply Distribution Compensation accounting rules across Life Asia, Group Asia, Datahub and related systems.

Post journals for manual processing and payments.

Prepare reconciliation and audit schedules; act as primary contact for internal, external, regulatory and SOX audits.

Maintain SOPs, process flows and NBP provision monitoring.

Administer deferred and long-term incentive schemes.

Support Finance Compensation Operations on compensation-related queries.

Oversee end-to-end compensation processing and maintain risk register.

Manage invoice settlement for Non-Agency Channels via Coupa.

Support Distribution Compensation projects, system enhancements and initiatives.

Perform UAT, prepare business requirements and troubleshoot production issues.

Support BAU compensation processing.

Other Responsibilities

Handle IRAS filing for Distribution Compensation.

Administer self-billing for GST-registered agents.

Manage daily agent/channel compensation enquiries.

Support company-wide projects related to Distribution Compensation.

Requirements

Diploma/Degree in Accounting.

At least 5 years of experience in Distribution Compensation or related functions.

Strong understanding of accounting processes, compensation frameworks and policy systems.

Good communication, accuracy, and ability to work independently.