Distribution Compensation (Insurance) - 6 months

AMBITION GROUP SINGAPORE PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading recruitment firm in Singapore is seeking an experienced accounting professional for a contract role to manage distribution compensation accounting. Key responsibilities include ensuring accurate payments, compliance with accounting policies, and overseeing incentive schemes. The ideal candidate will have experience in regulatory filings and support various stakeholders related to compensation queries. Interested applicants should send their resumes to Rachel Yeo.

Qualifications

• Experience in end-to-end distribution compensation accounting.
• Knowledge of accounting policies and compliance.
• Proficiency in systems like Life Asia, Group Asia, Datahub.

Responsibilities

• Manage distribution compensation accounting and ensure timely payments.
• Handle month-end and year-end closings with compliance.
• Oversee incentive schemes and audit contacts for documentation.
• Oversee deferred and long-term incentive schemes.
• Serve as the main audit contact for compensation matters.
• Maintain and update SOPs and risk registers.
• Support non-agency channel payments through Coupa.
• Address compensation-related queries.
• Participate in projects and system enhancements.
• Manage regulatory filings and tax submissions.
• Drive continuous improvement in accounting efficiency.

Job description

Responsibilities

• Contract role
• Manage end-to-end distribution compensation accounting, ensuring accurate and timely payments, postings, and reconciliations across all channels.
• Handle month-end and year-end closings, including journal entries, provisions, amortizations, and related schedules in compliance with accounting policies.
• Maintain and implement compensation accounting rules within systems (e.g., Life Asia, Group Asia, Datahub) in line with business and regulatory requirements.
• Oversee deferred and long-term incentive schemes, including proper accounting treatment and reconciliation.
• Serve as the main audit contact for all distribution compensation matters and ensure full documentation and process transparency.
• Maintain and update SOPs, risk registers, and process controls to strengthen compliance and operational integrity.
• Support non-agency channel payments and invoice settlements through Coupa.
• Address compensation-related queries from internal stakeholders and distribution partners.
• Participate in projects and system enhancements, including UAT, issue resolution, and documentation of business requirements.
• Manage regulatory filings and tax submissions (e.g., IRAS reporting, GST self-billing for agents).
• Drive continuous improvement in accounting efficiency, accuracy, and process governance.

Application

Interested applicants please send your resume in MS Word format and attention it to Rachel Yeo (R22104385).

Shortlisted candidates will be notified.

Legal and Registration

Data provided is for recruitment purposes only.

EA Registration Number: R22104385

Business Registration Number: 200611680D. Licence Number: 10C5117