What the role is?
- Manage and enhance distributor compensation frameworks, including commissions, incentives, bonuses, persistency rewards, and campaign schemes.
- Lead compensation governance through approval standards, monitoring, documentation, reporting, and exception management.
- Review compensation proposals and initiatives, including financial impact, operational feasibility, risk, controls, and business alignment.
- Monitor compensation performance, budget assumptions, variances, sales quality, profitability, productivity, and persistency metrics.
- Support system enhancements, process improvements, user testing, implementation, and change adoption.
- Strengthen operational controls, audit trails, reconciliations, data quality, and payment-risk management.
- Liaise with Distribution, Finance, Operations, Compliance, Risk, Legal, Actuarial, IT, and Internal Audit on compensation matters.
- Prepare management reports, dashboards, insights, and recommendations for senior stakeholders.
What are we looking for?
- Degree holder in Finance, Accounting, Actuarial Science, Business, Economics, Statistics, or related discipline; professional qualification is an advantage.
- Minimum 10 years of relevant experience in compensation management, sales incentives, finance operations, or distribution strategy, preferably in insurance or financial services.
- Solid knowledge of distribution models, commission structures, incentive schemes, product economics, persistency, and sales quality measures.
- Experience in financial modelling, business analysis, planning, process improvement, system implementation, or user acceptance testing.
- Strong analytical, problem-solving, communication, stakeholder management, and cross-functional collaboration skills.
- Good understanding of regulatory, audit, risk, and market conduct expectations related to distribution compensation.
- Excellent written and spoken English, Chinese and Mandarin.
Personal Information Collection Statement
At Chow Tai Fook Life Insurance Company Limited (“the Company”) we respect the privacy of your personal data and are committed to fully complying with the Personal Data (Privacy) Ordinance (“the Ordinance”).
The personal data that we collect and/or hold (whether contained in this application form or otherwise obtained) includes your personal details, contact information, education and training details, employment details, financial details, and information on your social circumstances.
Provision of personal data by you is mandatory for selection purposes. Personal data collected through this application will be used by the Company to assess your suitability to assume the job duties of the position for which you have applied. The Company may not be able to process your application if you fail to provide your personal data.
Applicants not contacted within four weeks after the interview / test may consider their application unsuccessful. The information provided will be kept for 2 years for consideration of other suitable posts.