Incentive & Compensation Manager

The Gallerie is PVA’s new and independent distribution model, to be launched by December 2018. The channel’s mission is to tap into the potentials of Urban areas with a new generation of young, dynamic and highly professional financial advisors, called Pru-planners.

In order for the new model to run effectively, specialized compensation and incentives scheme plays a vital part and is in charge by Compensation and Incentives Manager.

Compensation and Incentives Manager is responsible for driving the Gallerie’s strategic approach to incentive compensation focusing on the development of robust processes designed to ensure an outstanding level of data quality and confidence in both the plan design and its execution.

If you are inspired to join us, and if you have the essential qualities, then this could be the opportunity you have been looking for.

Compensation & Incentive
- Establish compensation and incentives tools and procedures to support and develop The Gallerie’s salesforce quantity and quality in the long-term.
- Assume overall responsibility for the management of the Gallerie’s incentive compensation plan, the integrity of the plan design, associated modelling and the execution of same.
- Ensure competitive and attractive, well-designed compensation & incentive scheme that motivate salesforces and drive sales.
- Manage compensation & incentives implementation, communications and effectiveness.
- Participate in the development of comprehensive multi-year compensation strategy for the Gallerie as PVa’s new channel with suitable recognition programs for outstanding areas, team and individual performance with the purpose of motivating Pru-planners sales force.
- Align with the approved and revised budget.
- Develop own and team’s deep expertise in compensation trends for The Gallerie’s team
- Stay up-to-date with business agenda and suggests improvements on how compensation can further support company’s strategies

People Management
- Take corrective action with subordinates when performance needs improvement, provide coaching and support when necessary
- Encourage high teamwork spirit, build bridges between teams
- Be a role model for subordinates.

Operation and Risk Management:
- Build and maintain the effective relationship within team, across various levels and functions.
- Foresee the conflict and develop various solutions
- Be responsible for the development of the annual functional budget in collaboration with senior management.
- Ensures that all of the business’s recruiting practices comply with the applicable regulations, both internal and external.

Others
- Other tasks and projects as assigned by managers.

Education Background: University Degree, preferably in Finance/Economics and other related discipline

Professional Experience
- At least 5 years in Compensation roles
- Prefer management experience in Insurance, Banking and Finance

Core skills/ Languages
- Advanced Microsoft Excel skills required, knowledge of LAS system is a plus
- Business acumen
- High standards of quality and accuracy

- 13th month salary & Competitive Bonus & 21 days of annual leave
- Financial Support, Health care and Well-being programs for all staff and their family
- Extensive training program

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