Head of Asia Distributor Compensation
Manulife
An opportunity to join Manulife’s Asia Regional Distribution team, playing a critical role in leading Manulife Asia’s Distributor Compensation function, covering all channels (Agency, Bancassurance, Broker). This is an exciting opportunity to shape the future of Manulife Asia’s distribution – ensuring that distributor compensation is aligned with short- to long-term strategic priorities. This role is not simply about ensuring that best-in-class distributor compensation practices are in place – it is about ensuring that distributor compensation enables sustainable and quality business growth. As part of Manulife Asia’s Regional Distribution function, there is large scope for impact and professional growth!
**Position Responsibilities:**
+ Lead Manulife Asia’s Distributor Compensation function, covering 10 markets and all channels (Agency, Banca, Broker and Direct Sales etc.)
+ Review compensation design changes proposed by market teams, validate the financial/ risk assessment and validate the assumptions and calculation logic – thereby guiding market teams to sharpen their approach
+ Lead strategic compensation reviews with the objective of aligning compensation practices to business strategies, and assist markets to formulate comp solutions on the ground
+ Be the SME for topics related to compensation/ financing/ campaign strategy and governance, provide trainings to market teams on the process and proposal requirements
+ Regularly update the playbook/ guidelines on governance scope, comp design principles and best practices across Asia
+ Interface with colleagues in Risk and Compliance to ensure adequate and appropriate safeguards are incorporated into compensation design
+ Conduct annual review of compensation across the region to identify any gaps on market comp payout structure/ sales quality control measures
+ Initiate changes to sales staff incentive plans for driving the desired business outcomes and ensure KPIs and targets are set appropriately
+ Evaluate risk exposure on a frequent basis to ensure proactive actions are taken where risk tolerances are exceeded
+ Prepare and manage regular compensation governance meetings
**Required Qualifications:**
+ Strong experience in Insurance Distributor Compensation – with ability to understand economic construct, financial viability, the various risks and corresponding mitigating solutions
+ High Intellectual Curiosity: Have an insatiable curiosity to learn and a proactive approach to leaning in on new opportunities, even those outside their comfort zone.
+ Risk Management: Ability to think ahead and anticipate problems before they arise
+ Strategic Agility: Sees ahead clearly and can anticipate future consequences and trends accurately; can articulately paint credible pictures and visions of possibilities and likelihoods
+ Results Orientation: Delivers beyond expectations and sets new and stretching goals for him/herself. S/he will have a deep understanding of operational and process improvements that impact quality and execution and deliver continuous improvement
+ Process Management: Can identify and articulate the processes necessary to get things done efficiently and effectively
+ Organizational Savvy: Able to build constructive and effective relationships and use them to maneuver through complex situations
+ Influencing & Negotiation: Can present ideas and directions that lead others to action
+ An articulate and top-down communicator
**Nice to Haves:**
+ Prior experience in Insurance Distribution
+ Experience within a Finance, or Risk and Control function
**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.
**Acerca de Manulife y John Hancock**
Manulife Financial Corporation es un importante proveedor internacional de servicios financieros que ayuda a las personas a tomar decisiones de una manera más fácil y a vivir mejor. Para obtener más información acerca de nosotros, visite http://www.manulife.com .
**Manulife es un empleador que ofrece igualdad de oportunidades**
En Manulife/John Hancock, valoramos nuestra diversidad. Nos esforzamos por atraer, formar y retener una fuerza laboral tan diversa como los clientes a los que prestamos servicios, y para fomentar un entorno laboral inclusivo en el que se aprovechen las fortalezas de las culturas y las personas. Estamos comprometidos con la equidad en las contrataciones, la retención de talento, el ascenso y la remuneración, y administramos todas nuestras prácticas y programas sin discriminación por motivos de raza, ascendencia, lugar de origen, color, origen étnico, ciudadanía, religión o creencias religiosas, credo, sexo (incluyendo el embarazo y las afecciones relacionadas con este), orientación sexual, características genéticas, condición de veterano, identidad de género, expresión de género, edad, estado civil, estatus familiar, discapacidad, o cualquier otro aspecto protegido por la ley vigente.
Nuestra prioridad es eliminar las barreras para garantizar la igualdad de acceso al empleo. Un representante de Recursos Humanos trabajará con los solicitantes que requieran una adaptación razonable durante el proceso de solicitud. Toda la información que se haya compartido durante el proceso de solicitud de adaptación se almacenará y utilizará de manera congruente con las leyes y las políticas de Manulife/John Hancock correspondientes. Para solicitar una adaptación razonable en el proceso de solicitud, envíenos un mensaje a recruitment@manulife.com .
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