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Finance Operation Distribution Compensation Trainee (Finance)

The Programme 

The Finance Operation Distribution Compensation Trainee will be involved in helping to compute, administer, and design distribution compensations.  

What you will do 

  • Responsible for Distribution Compensation for all Distribution Channels 
  • Computation and Administration of compensation schemes, awards, incentives, challenges 
  • Design compensation reports according to Distribution Incentive Schemes business rules. 
  • Compensation reports are design in clear and concise manner 
  • Produce compensation related tracking reports in required timeline (daily/weekly/monthly) 
  • Processing of payments, deductions, recoveries and reconciliation for all Distribution Channels 
  • Validation and sanity check on legibility of system generated payments or deductions. 
  • Responsible for monthly provision, amortisation, audit schedules are carried out according to the stipulated accounting paper 
  • Posting of journals for all manual processing of payments and recoveries 
  • Collation and filing for Agency Distribution compensation to IRAS 
  • Daily handling of compensation related queries from all stakeholders
  • Supports company-wide initiative and projects relating to Distribution Compensation 

Required Skills and Abilities 

  • Sound technical financial knowledge 
  • Good understanding of accounting standards and requirements 
  • Good understanding of life insurance 
  • Detailed and Meticulous 
  • Strong analytics skills 
Closed 10 months ago
Closed 10 months ago
  • Job type:Graduate Jobs
  • Citizenships:

  • Locations:

    Singapore (Singapore)

  • Closing Date:25th Nov 2020, 6:00 pm

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