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Job Description

A. Job Purpose:

  • To develop and manage the compensation and benefits policy for the Bancas sales force in order to: Control Cost of Overtime (COOV) expenses in line with assigned targets; Attract and retain high-quality sales personnel; Ensure competitive compensation and benefits packages within the market; Oversee the calculation and disbursement of sales force commissions and incentives; Collaborate with stakeholders to assess the impact of sales force compensation policies, providing timely warnings, recommendations for adjustments, and necessary additions.
  • Work closely with the Banca Division and relevant units/individuals to develop policies and evaluate the effectiveness of the sales force.
  • Implement compensation and benefits projects and programs, develop internal documentation in accordance with leadership's direction, and ensure compliance with company regulations and legal requirements.

B. Key Responsibilities:

  • Design a compensation mechanism for the Bancas sales force based on the company's revenue, cost, and quality management objectives.
  • Monitor the calculation and monthly disbursement of compensation to the Bancas sales force, ensuring accurate and complete payments.
  • Control costs and evaluate the effectiveness of the Bancas sales force compensation mechanism periodically or upon request to refine the compensation mechanism as appropriate and timely.
  • Provide input on sales, product, and other policies of relevant Divisions/Departments (Banca, Product, etc.) related to the Bancas sales force compensation mechanism to ensure consistency and alignment with the overall compensation mechanism.
  • Implement/participate in employee compensation and benefits projects and programs in accordance with leadership's direction, ensuring compliance with company regulations and legal requirements.
  • Develop, review, and adjust regulations, procedures, and internal documents as a basis for personnel management in line with the company's operating objectives and ensuring compliance with legal regulations.
  • Perform other tasks as assigned from time to time.

Job Requirement

  • Bachelor's degree in Human Resource Management/Insurance/Finance and Economics
  • Minimum 03 years of experience in a similar position
  • Understanding of life insurance operations and regulations
  • Solid understanding of labor law and knowledge of payroll operations
  • Good at working with numbers and data analysis
  • Good communication and expression skills in writing and speaking
  • Good problem-solving skills & English communication
  • Proficient in using office software

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