DISTRIBUTION COMPENSATION BENEFIT (PARTNERSHIP)

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About the Role

Senior Manager to lead the team performing compensation calculation, checking and payment with accurate and timely manner, including contest, convention & MME reports, and related variable expense accounting journal of Partnership Distribution channel. Also responsible for variable expense management.

1. Analyze a new compensation and benefit scheme proposed by Distribution Channels, prepare request to IT to be developed in the system, conduct UAT before implementation.

2. Create manual template for changes of compensation scheme that are not developed in the system.

3. Review and make sure compensation calculations, checking, and payment are done accurately and timely.

4. Review and ensure manual calculation of Partnership channel (e.g. DMTM, CLD) is correct and paid to the eligible recipients in timely manner include reviewing template manual calculation report.

5. Review and ensure Partnership Contest manual calculations is correct and in accordance with approved Marketing Plan. Review all contest reports that prepared by team member.

6. Analyzing the dispensation request from channel regarding compensation, contest and providing the relevant supporting documents/calculations for approval.

7. Analyze a new product proposed by Product / Distribution Channels to be developed in the system, review the request document to IT, and review UAT result before implementation.

8. Review and analyze data write off agent debit balance and ensure team has sent the report to Accounting & SRM and ensure the total agent debts is the same with GL SAP & agent debit balance report. Also ensure team follow up the debt collection status to SRM.

9. Review and analyze data pending and return compensation in accordance with SOP. Review reconcile data with accounting.

10. Checking journal made by system for Partnership compensation and process and review manual journal if needed.

11. Review accrual and realization journal of Partnership compensation in GL SAP and reconcile each of COA in GL with DCB reports.

12. Supporting accounting team by providing supporting document of BSR (Balance Sheet Reconciliation). Review the documents before they are sent by team to the Accounting.

13. Supporting internal and external audit team by providing supporting documents needed.

14. Involved and support any ad-hoc project related to Partnership compensation.

15. Provide analysis and review of variable expense for Partnership channel in monthly basis.

16. Provide variable expense reports and summary of the fluctuating trends for all channels. Cooperate with Actuarial VONB In reconciling the variable expense numbers.

17. Reviewing request payment of initiatives from Channels through ARIBA. Monitor payment and realization of contest. Monitor long outstanding accrual to reduce existing exposure and ensure no additional exposure, and prepare report of potential reversal of contest, convention, and MME. Send the reversal to the accounting for journal upon confirmation from Actuarial.

18. Strengthen team knowledge and improve team's capabilities by coaching them and encourage team to coach each other.