Assistant Manager, Agency Compensation at Manulife

Kuala Lumpur, Kuala Lumpur, Malaysia -

Full Time

Start Date

Immediate

Expiry Date

01 Aug, 26

Salary

0.0

Posted On

03 May, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial analysis, Data visualization, Power BI, SQL, Excel, Power Point, Data management, Reporting, Financial forecasting, Problem solving, Communication skills, Accounting, Mathematics, Actuarial science, Insurance industry knowledge

Industry

Insurance

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 financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html. Manulife is an Equal Opportunity Employer At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact hr@manulife.com. Working Arrangement Hybrid We're Manulife. And we’re on a mission to make decisions easier and lives better. Better is what drives us. It’s what inspires us to find new ways to support customers and colleagues in living longer and healthier lives. It’s the reason we’re dedicated to investing in digital innovation and accelerating a sustainable and economically inclusive future. Joining us means you’ll be empowered to learn and grow your career. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. And as part of our global team, you’ll help shape the future you want to see – and discover that better can take you anywhere you want to go. We’re proud of our accomplishments and recognitions. Recent awards include: 2024 Gallup Exceptional Workplace Award Winner Manulife Named one of Forbes World’s Best Employers 2023 Best Companies to Work for in Asia 2023 We’ve been recognized as one of Canada’s Top 100 Employers (2024) Manulife included in Bloomberg’s 2023 Gender-Equality Index To receive our latest job opportunities directly to your inbox, create an account or sign in and navigate to the ‘Job Alerts’ section located in the top right corner of the page. From there, you can sign up to receive job alerts. Our ambition is to be the most digital, customer-centric global company in our industry. Learn more at https://www.manulife.com/.

Responsibilities

The Assistant Manager is responsible for processing and ensuring accurate, timely payments of agency and partnership compensation, including bonuses and incentives. They will also manage data reporting, automate processes using Power BI, and perform financial analysis to support business performance.