Job Description
- Fortnight closing for agent payment to ensure all compensation due are paid, posted and reconciled
- General Ledger closing. Monthly/Yearly provision, amortisation, schedules are carried out according to the stipulated accounting paper/guideline
- Policy System Distribution Compensation Accounting Rule eg Life Asia, Group Asia, Datahub or any auxiliary system where accounting rule is required
- Posting of journal for all manual processing and payment
- Reconciliation and audit schedule relating to Distribution Compensation
- Primary contact for audit (internal/external/regulatory/SOX) of Distribution Compensation
- Maintenance of Distribution Compensation process flow/SOP documentation
- Maintenance of NBP provision and monitoring
- Administration of deferred/long term incentive scheme
- Support Finance Compensation Operations team for any queries relating to compensation
- Oversight of End to End processing for compensation team
- Maintenance of risk register and risk representative for compensation team
- Settlement for invoices for Non Agency Channel in Coupa
Requirements
- Minimum 1 year of accounting and payment experience
- Minimum some experience / knowledge in Agent commission calculation
