Job Purpose
We are looking for a motivated and responsible individual to join our Commission & Benefits team which is within Agency & FA Operations Department (AFO). You will be part of the team responsible for handling the commission & benefits of our various distribution channels.
The Job
- Commission & Incentives: Process the monthly and yearly commission & incentives disbursement to the various distribution partners in an accurate and timely fashion. Perform due diligence check and reconciliation to ensure that commissions and payments are accurate.
- New Product Setup: Setup the commission rates of new product launches in accordance to the product specifications. Perform User-Acceptance Testing (UAT) to ensure accuracy in the commission rates setup. Develop reports to fulfil the distributors or internal stakeholders needs.
- System Enhancement & UAT: Work closely with IT and collaborate with cross-functional teams on system requirements gathering and the user acceptance testing for process enhancements
- Reviewing of SOPs & Guidelines: Conduct regular review of the detailed Standard Operating Procedures (SOPs), process flowchart and relevant guidelines to ensure they remain relevant, effective and compliant to the rules & regulations.
- Process Improvement: Review and analyze the current business processes to identify inefficiencies, appropriate internal control and areas for improvement.
- Regulatory & Risk Management: Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies to safeguard the company. Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks. Highlights any potential concerns or risks and proactively shares best risk management practices.
- Data Analytic & Reporting: Support on reporting & data analytics of the various distribution channels (such as sales performance, compensation, lifecycle movement, etc).
- Qualification – Diploma or Degree holder
- Preferably with 1 year work experience.
- Good knowledge in MS Office Applications (Excel, Word & Powerpoint), preferably with experience in VBA and knowledge of analytical tools such as Tableau
- Good interpersonal and communication skills
- A self-starter who is keen to learn, takes initiative to improve current state of things and positive work attitude over teamwork
How You Succeed
- Champion and embody our Core Values in everyday tasks and interactions.
- Demonstrate high level of integrity and accountability.
- Take initiative to drive improvements and embrace change.
- Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
- Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.
Who We Are
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
To All Recruitment Agencies
Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
Work Locations
SG-GE Changi
Job
Singapore
