Distribution Compensation Senior Officer

Would you like to grow with one of the best leading insurance company in the world?
Would you like to develop yourself in a dynamic and open environment?
If YES, Prudential Assurance Vietnam is looking for you!
Prudential At a Glance
Being one of the leading life insurers, Prudential Vietnam is privileged to provide insurance services to millions of Vietnamese people. Prudential Vietnam has one of the largest market shares in the life insurance market with a wide range of products.
We are proud of being an Employer of Choice thanks to our great values and benefits given to our employees. Our reputation and success are built upon the talent and commitment of our people. We set the promise to our employees that we care and share in the open environment with the culture, vision and mission throughout four values: Pioneering, Thriving, Fulfilling
Working with Prudential as Distribution Compensation Senior Officer means becoming a part of a prestigious global financial services group and an exciting vision: to be the leader in helping customers achieve their long-term financial goals. You will be the champion in ensure all payments to sales force are calculated and paid following company’s policies and compensation scheme. Provide advice to stakeholders on the feasibility and methodology of compensation calculation.
Accountability:
- Compensation calculation is accurately prepared and reviewed within agreed timeline.
- Compensation calculation approval is in compliance with the company policies.
- Ensure new compensation schemes can be calculated before issuing memos to the salesforce.
Key responsibilities:
1. Compensation calculation
- Ensure all payments paid the sales force, including income tax, other income, deduction, etc. are calculated and paid following the company’s policies and compensation scheme as set out by Distribution department.
- Review e-payment request and agent income adjustments, ensure proper approval and documentation.
- Fine-tune existing Compensation calculation tools to increase calculation speed and ensure logical flow of calculation queries.
- Work closely with line manager to automate calculation process by SQL, SAS programming or relevant softwares and eliminating manual Access tools.
- Take responsibility for all compensation paid to the in-charge channel and be the key contact point with stakeholders including answering questions from salesforce regarding compensation calculation.
2. Develop and implement annual compensation scheme
- Provide historical data to support Distribution channels and Finance Business Partner in revising annual compensation scheme.
- Actively participate in meetings with other departments to provide advices on the feasibility of the calculation.
- Work closely with IT and Distribution department to set up or revise calculation program in company’s core system.
3. Knowledge management
- Provide coaching to new employees on the purpose and definition of existing tables in core system as well as existing tools currently being used in Distribution team.
- Ensure distribution compensation operating manuals are updated.