Manage the team for effective delivery of compensation payments (standard compensation, recruitment package, clubs / awards payments and campaign incentives) in accordance with an agreed service standards.
Lead the distribution compensation related system enhancements.
Provide reliable and quality services to all distribution channels relating to compensation matters; review compensation schemes for all channels; support new products and channels development from compensation’s perspectives; and monitor and analyze distribution expenses.
To act as an subject matter expert on distribution compensation systems within the company. The role will be the architect for on-going system maintenance in the compensation module, oversee the implementation of system enhancements to cater for channel-specified compensation changes and explore the automation of flexible compensation payments.
In an event there is a development of new Distribution Management System, this role will be the key person in providing opinions on the choice of system, development of design requirements, and leading the testing process to ensure smooth implementation.
To ensure compensation schemes and payments are processed accurately and timely for all channels as well as to manage the agency benefits settlement including group life, medical & pension and to ensure the annual agency tax filing are reported to IRD accurately within deadline.
To improve administrative logistics & establishing workable solutions on system setup for campaign incentives payments, making recommendations and driving changes in speeding up the debt collection process.
To support business growth such as setting up proper process and system solutions for integration of MPF business partners and High Net Worth business platform with customized compensation payments arrangement.
Degree holder with major in Business / Finance / Insurance
10+ years of relevant experience in distribution compensation payment with minimum 5 years in managerial capacity; candidates with experience in compensation system migration/ conversion will be an added advantage
Proven experience in distribution compensation for multiple channels in insurance or banking industry
Solid knowledge in agency / brokerage operations, life operations and pension operations will be an added advantage
Strong leadership, execution, organization and communication skills
Strong critical thinking skills including comprehensive management view, financial acumen and visionary thinking
Excellent interpersonal skills, able to collaborate with and understand the needs of internal and external stakeholders
Excellent communication skills in both spoken English and Chinese
Proficient user in MS Office including Word, Excel, PowerPoint and Access
We offer 5-day work, attractive salary, MPF, group life and group medical insurance and excellent career development opportunities to the right candidate.
We are an equal opportunity employer and welcome applications from all qualified candidates. Application forms and resume will be kept for a period of 24 months after completion of the recruitment process. (All information will be held in strict confidence and only used for recruitment purpose.)
Sun Life Financial is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2018, Sun Life Financial had total assets under management of CDN $951 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.