Assistant Manager, Agency Compensation

Job Description

This position focuses on managing all agency payments, including Commission, Contractual Bonuses, Financing Schemes and Incentives, as well as involvement in system testing and the automation of daily reporting in Power BI. This role is mainly accountable to process and ensure accurate payments of compensation to Agency Channel (Tied Agency and ALC Agency) and Partnership Channel on a timely manner. It will also be required to perform managerial analysis and report of medium degree of complexity. Liaison with ALC system vendor on system and non system (reporting and payment) related issue to ensure success of ALC compensation model. Maintain and update various records in PICS System and other programs to ensure the effectiveness of Compensation to support business growth. Position Responsibilities: Track or review to ensure all agency and partnership payments are paid correctly and in accordance to schedule. Produce period financing analysis including actuals versus forecast to deliver accurate insights for decision making and drive business performance Assist and support data management and reporting Liaise with vendor on ALC system related issue, monthly commission payment and report Take charge on report automate via Power BI and AI New Product testing in PICS (AS400) System Rectify compensation errors by working with liaisons Business Partner support units Perform testing on CORE system enhancement and Agency Portal Support financial planning and forecast for compensation division e.g, Financing, BSC, tax and etc. To assist in E-invoicing and Agent withholding tax payment To assist in Agency Year end bonus bonus payment Produced timely and trusted financial and management performance results To carry out ad-hoc activities whenever required by the company in achieving company aspirations Assist with the development and maintaining of compensation models Handle agents enquiries regarding compensation payments Required Qualifications: Tertiary education qualification in Accounting, Finance, Mathematic, Actuarial or equivalent Minimum 5 years of related in Financial industry, preferable in Insurance and agency sales compensation related Strong Computer Skills and proficiency with MS Office Suite, particularly in Excel and Power Point Data visualization and data analysis experience for example using Power BI Knowledge on SQL and other programming language is preferable Strong attention to detail and accuracy Excellent in problem solving skill Ability to work independently and collaboratively in a team environment Well versed in both written and verbal communication skills - English. 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

Required Skills