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Assistant Manager, Distribution Ops Excellence

Manulife Myanmar
Mingalartaungnyunt | Yangon
Verified This job has been verified by the company as a real job vacancy.
18 May 2023
Recruiter active 1 day ago The recruiter at this company was last active reviewing applications.
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Assistant Manager, Distribution Ops Excellence
Manulife Myanmar, Mingalartaungnyunt | Yangon

Assistant Manager, Distribution Ops Excellence

Manulife Myanmar

Assistant Manager, Distribution Ops Excellence

Manulife Myanmar
Recruiter active 1 day ago The recruiter at this company was last active reviewing applications.
Myanmar - Yangon
Verified This job has been verified by the company as a real job vacancy.

Experience level

Experienced Non-Manager

Job Function

Project, Operations Management

Job Industry

Banking/ Insurance/ Microfinance

Min Education Level

Bachelor Degree

Job Type

Full Time

Job Description

An Exciting Opportunity for ...

Distribution operations excellence who is responsible for developing, maintaining, and running the sales incentive compensation processes. They provide reporting and analysis related to commission and bonus compensation to senior management

  • Design, implement and administrate compensation payout several sales incentives (bonus) plans of distribution team and ensure commissions calculations comply with the plan.
  • Ensure commissions and bonus calculations are done accurately and in a timely manner.
  • Collaborate with Finance to provide accurate and timely payments to sales force
  • Carry out manual calculation, adjustments for distributions if needed
  • Ensure commissions calculations comply with the plan and compliance with payroll policies and procedures.
  • Collaborate with Sales Operations and Sales Leadership to improve compensation plan design.
  • Develop and present business insights to Sales Compensation leadership and senior management team
  • Collaborate with Finance, IT, and other stakeholders to ensure that compensation data is aligned with approved compensation scheme and up to date in the system
  • Collaborate on the development and improvement of the Agency Management System (compensation system)

Participate in the data quality controls of the sales compensation system

  • Perform testing (UAT) and other support activities related to compensation plan changes
  • Manage distribution team onboarding, termination, promotions, demotions process in Agency Management System (AMS).
  • Maintain quality of the distribution operations and compensation related procedures documents
  • Work with business managers to determine appropriate compensation plan
  • Prepare incentive expense reports for Finance.
  • Provide reporting and analysis related to commission and bonus compensation.
  • Resolve complex inquiries in respects to variable compensation
  • Communicate effectively across functional groups. Complete and prioritize work as required
  • Work on ad-hoc duties for special projects or MIS reports assigned by management from time to time

Open To

Repatriate
Male/Female

Job Requirements

  • University graduate in discipline of business administration
  • Minimum 3-5 years of experience in supporting sales administration, sales compensation, and analysis function
  • Knowledge of compensation principles and practices, including incentives, campaign, and bonuses.
  • Familiarity with legal requirements related to compensation
  • Strong analytical and problem-solving skills.
  • Excellent communications and interpersonal skills
  • Ability to work independently and as part of a team
  • Proficiency in Microsoft Excel, Power point, Words, and power BI
  • Highly developed attention to detail
  • Candidate with analytical skills and/or experiences in handling MIS report is an advantage

What We Can Offer

Benefits

- Performance Bonus
- Transportation Allowance
- Mobile Benefit
- Medical Benefit

Highlights

- International Standards
- Diversity & Inclusion
- Active & warm working culture
- Join an experienced team

Career Opportunities

- International Training
- Career Development
- Multi cultural explorer