Compensation & Incentive Senior Manager

4-7 years
Job Description

Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.This role is required to:
. Take lead the development and the delivery of incentive/recognition strategy for PVA's Bancassurance & Alternative Channels business including the conceptualization, proposal and implementation of incentive & recognition programs.
. Manage the overall Partnership Distribution's budget to follow up with Finance team, track the effectiveness of implemented activities and define areas of improvements.
Incentive & Compensation Planning & Management

  • Work with Partners, Sales team and Management team to design and deploy incentive & recognition quarterly/annually plan following the Company's Target in order to encourage internal salesforce and partners including sales contest, sales and promotion campaigns,
  • Manage and coordinate with other stakeholders to timely provide communication content/updated results in relation to incentive scheme to maximize the impact of sales campaigns/activities.
  • Work with the Channel Market & Communication, Management System Information (MIS), Finance to ensure the timely delivery of contest memorandum/contest results, contest updates payment, promotion and trip execution.
  • Regularly analyze the effectiveness of contests proven by data, business insight and propose solution for improvements in Working committees/Steering committees with Bank Partners.

Budget Management
  • Monitor overall expense for internal salesforce and partners.
  • Coordinate with related stakeholders to ensure on time payment for salesforce and partners in line with action plan.
  • Propose marketing budget utilization for incentive & promotion scheme to ensure salesforce to be motivated and pushed up properly.
  • Conduct reconciliation with partners (if required)

People Management & Development
  • Manage & regularly organize engagement activities to ensure team members are inspired and motivated.
  • Develop all direct reports in technical matters as well as interpersonal skills.

Other tasks assigned by Management levels
  • Bachelor's Degree in economics, Business Administration, Banking & Finance.
  • At least 4-year experiences of working in Insurance/financial/ banking & sales support department.
  • Leading & managing people experience is an advantage.
  • Be able to work with details and good analytical skills to deal with large amounts of complex data, sales projection worksheet
  • Be able towork independently & under pressure, able to plan, meet deadlines
  • Microsoft Excel skills is a must
  • Proficient in English communication
  • Strong at communication skill, teamwork especially team engagement & motivation inspiring ability.
  • Strong judgment and problem-solving skills

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with special requirements.





Prudentialplc provides life and health insurance and asset management, with a focus on Asia and Africa. We help people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. We protect people's wealth, help them grow their assets, and empower them to save for their goals. The business has more than 18 million life customers in Asia and Africa.Prudential has been providing trusted financial security for 95 years and is listed on stock exchanges in London, Hong Kong, Singapore, and New York. We are proud to be included in the 2022 Bloomberg Gender Equality Index. The index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. Our inclusion in this global index is testament to our commitment to nurturing diverse talent. #BloombergGEI . Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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