Distribution Compensation Specialist

Hunt; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading financial services provider in Singapore seeks a Distribution Compensation Specialist to oversee compensation schemes and enhance agency recruitment strategies. The ideal candidate will have over 7 years of experience in finance or actuarial roles, possess excellent analytical and communication skills, and be able to work independently. This role emphasizes strategic oversight and requires a degree in Actuarial or Finance. Join a company committed to diversity and inclusion where you can connect, grow, and succeed.

Qualifications

• At least 7 years of relevant experience in finance or actuarial roles.
• Detailed and meticulous with good technical financial knowledge.
• Ability to work autonomously and think outside the box.

Responsibilities

• Design, review, and recommend compensation and incentive changes.
• Support agency recruitment to achieve targets and objectives.
• Review and support the implementation of Distribution Strategies.
• Manage Agency appeals ensuring timely resolution.

Skills

Analytical skills

Communication skills

Financial knowledge

Business acumen

Education

Degree in Actuarial or Finance

Job description

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.

Job Description

Compensation and Incentive Schemes

• Work with Agency Distribution/Partnerships Distribution/Customer to design, review and recommend changes to Agent/Partnership compensation and incentives to achieve business objectives and ensure financial supportability.
• Obtain relevant approval for compensation changes in compliance with governance.
• Ensure performance is monitored relative to 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 and objectives.
• 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, processes and customers.

Agency Appeals

• Manage Agency appeals, carrying out an assessment of reasonableness, business needs and financial costs, while ensuring timely resolution 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 communication skills.
• Business acumen.
• Inquisitive and ability to think out of the box and look beyond existing solutions.

Working Experience

• At least 7 years of relevant experience in 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.