Chubb Life: Senior Manager - Agency Compensation

atChubb life Assurance Co., Ltd.

Senior Manager – Agency compensation will oversee and optimize the entire sales compensation process, including reporting, system enhancements, agent inquiries, and team development, while ensuring compliance and accuracy in compensation calculations and reporting.

  • Manage end-to-end sales compensation processes for both business partners and agents (individuals / corporations).
  • Prepare Income Tax certificate on behalf of agency for Revenue Dept submission.
  • Prepare relevant reports related to compensation. This includes insights/analytics on the effectiveness of campaigns/schemes and detect any mis-selling/inappropriate behaviors. Respond to any queries from regional office / consultant related to sales compensation.
  • Provide requirements and perform UAT for system modification/enhancement e.g., new product/partner setup, changes in compensation schemes, changes in core systems, etc.
  • Respond to agents/brokers/partners’ enquiries related to sales compensation as appropriate.
  • Perform the reconciliation and confirmation of compensation to partners as well as prepare the commission report to partners.
  • Perform manual calculation of compensation wherever the system is not ready to support such calculation e.g., Group Life, new compensation scheme before the system implementation is complete, short-term, or tactical incentives, extra bonuses/campaigns, etc.
  • Provide the estimation of compensation accruals to Finance & Accounting as part of month end close process and reduce the variance gap between actual and accrual.
  • Drive the process automation to reduce manual tasks as many as possible.
  • Lead the compensation team to ensure career development/growth for the team. Create monthly, quarterly and annual reports to identify results, trends, and financial forecasts, as required to support financial planning & analysis

Specification & Certificate require:

  • At least a bachelor’s degree in finance, accounting, economics, or related field
  • Excellent Excel skill (intermediate/ advance level is preferred)

Competency require (Knowledge, Skills, Attribute)

  • Analytical skill / critical thinking
  • Able to work under pressure and tight schedule
  • Able to work with IT to ensure that the compensation setup in the system is correct
  • Process improvement
  • Attention to detail
  • Good command of English/able to respond to regional office and/or external consultant’s queries and prepare compensation announcements in both Thai and English.

Experience required
  • any or no experience
Salary
  • Negotiable
Job function
  • Human Resources
  • Management
Job type
  • Full-time

Company overview

Size:2000-5000 employees
Industry:Insurance
Location:Bangkok
Website:www.acegroup.com/th-th/
Founded in:2001
Ranking:4.5/5

The insurance companies of Chubb serve multinational corporations, mid-size and small businesses with property and casualty insurance and services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeown ... Read more

Why join us: At ACE, we recruit people who will contribute to the growth and success of the company and focus on meeting customers' needs. We are committed to developing all our employees and to ensuring they are satisfied in their work at ACE, which is one of the world’s leading insurance companies. We are a ... Read more

Head office: Sinsatorn tower
Display map
WorkVenture gives you an inside look at what it's like to work at Chubb life Assurance Co., Ltd., office & team photos, reviews and more. This is the Chubb life Assurance Co., Ltd. Company Page. All content is posted anonymously by employees currently or previously working at Chubb life Assurance Co., Ltd..Apply to CrostiniApply to RittaApply to CoachingApply to Kiss Of Beauty