Executive, Distribution Compensation

Manulife Financial; Singapore; Hybrid; SGD 40,000 - 60,000; Full time

Job summary

A leading financial services provider in Singapore is seeking a Compensation Associate to support the Distribution Services Department. The role involves operational support in compensation and service allowance processes, with opportunities for business process improvement initiatives. Candidates should possess a diploma or degree and have 1-3 years of relevant experience, particularly in the life insurance industry. Proficiency in Microsoft Office and good interpersonal skills are essential.

Qualifications

• Experience in life insurance industry (1-3 years).
• Proficient in Microsoft Office, MS Power BI preferred.
• Adaptable to changes and skilled at handling large data.

Responsibilities

• Provide operational support in compensation and service allowance.
• Manage accrual processes and respond to income inquiries.
• Work on business process improvement initiatives.

Skills

Business analysis skills

Interpersonal skills

Communication skills

Initiative

Meticulous

Education

Diploma or Degree from any recognized University

Tools

Microsoft Office

MS Power BI

Job description

Manulife is a leading international financial services provider, helping people make decisions easier and lives better. Help shape the future you want to see — and discover that better can take you anywhere you want to go

Reporting to Distribution Compensation Team Lead, you will be part of the team within Distribution Services Department responsible to handle compensation related matters for multi distribution channels.

• Providing operational support in the areas of compensation and service allowance disbursement.

• Support to Service allowance disbursement process, prepare statement and involve yearly audit exercise.

• Work with IT & various stakeholders to ensure that related system enhancements are completed.

• Manage accrual process and submission for distribution channels.

• Reply and manage income inquiries from distribution channels we support to

• Regularly review efficiency and effectiveness of service allowance and compensation processes and policies.

• Regularly review and implement guideline of business rules on distribution compensation and service allowance.

• Support in compensation and service allowance projects and/or future way of working tasks as and when assigned: You will have the opportunity to work on business process improvement initiatives using future skills such as process simplifications, digitalization, analytics, agile project management, human-cantered design/ user journey mapping.

Required Qualifications:

• Diploma or Degree from any recognized University

• Minimum 1-3 years’ experience in life insurance industry

• Proficient in Microsoft Office suite including MS Excel, MS Word, MS Powerpoint; MS Power BI (preferred)

• Good business analysis skills

• Good interpersonal and communication skills

• Take initiative to improve current state of things and adaptable to embrace new changes

• Meticulous, diligent and able to handle huge database records

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail].

Working Arrangement

Hybrid