Chubb

Global property & casualty insurer

Senior Manager - Agency Compensation

Financial AccountingConfirmed live in the last 24 hours

Full-timeBangkok, ThailandNo salary listedIn-person

About the Job

Requirements

A bachelor's degree in finance, accounting, economics, or a related field is required.
Advanced Excel skills are preferred.
Analytical skills and critical thinking are required.
Ability to work under pressure and meet tight schedules is required.
Ability to work with IT to ensure compensation system setups are correct is required.
Process-improvement skills are required.
Attention to detail is required.
Good command of English is required to respond to regional office and external consultant queries and prepare compensation announcements in Thai and English.

Responsibilities

Oversee and optimize the end-to-end sales compensation process, including reporting, system enhancements, agent inquiries, and team development, while ensuring compliance and accuracy in compensation calculations and reporting.
Manage end-to-end sales compensation processes for business partners and agents, including individuals and corporations.
Prepare income tax certificates on behalf of the agency for submission to the Revenue Department.
Prepare compensation reports, including insights and analytics on campaign and scheme effectiveness, and detect mis-selling or inappropriate behaviors.
Respond to sales compensation queries from the regional office and consultants.
Provide system-modification and enhancement requirements and perform user acceptance testing, including for new product or partner setups, changes in compensation schemes, and changes in core systems.
Respond to agents’, brokers’, and partners’ sales compensation enquiries as appropriate.
Reconcile and confirm compensation to partners and prepare commission reports for partners.
Manually calculate compensation where the system does not yet support it, including Group Life, new schemes before system implementation, short-term or tactical incentives, and additional bonuses or campaigns.
Provide compensation accrual estimates to Finance and Accounting during month-end close and reduce the variance between actuals and accruals.
Drive process automation to reduce manual tasks.
Lead the compensation team and support its career development and growth.
Create monthly, quarterly, and annual reports identifying results, trends, and financial forecasts to support financial planning and analysis.

Desired Qualifications

Intermediate or advanced Excel skills are preferred.

Senior Manager – Agency compensation will oversee and optimize the entire sales compensation process, including reporting, system enhancements, agent inquiries, and team development, while ensuring compliance and accuracy in compensation calculations and reporting.

Manage end-to-end sales compensation processes for both business partners and agents (individuals / corporations).
Prepare Income Tax certificate on behalf of agency for Revenue Dept submission.
Prepare relevant reports related to compensation. This includes insights/analytics on the effectiveness of campaigns/schemes and detect any mis-selling/inappropriate behaviors. Respond to any queries from regional office / consultant related to sales compensation.
Provide requirements and perform UAT for system modification/enhancement e.g., new product/partner setup, changes in compensation schemes, changes in core systems, etc.
Respond to agents/brokers/partners’ enquiries related to sales compensation as appropriate.
Perform the reconciliation and confirmation of compensation to partners as well as prepare the commission report to partners.
Perform manual calculation of compensation wherever the system is not ready to support such calculation e.g., Group Life, new compensation scheme before the system implementation is complete, short-term, or tactical incentives, extra bonuses/campaigns, etc.
Provide the estimation of compensation accruals to Finance & Accounting as part of month end close process and reduce the variance gap between actual and accrual.
Drive the process automation to reduce manual tasks as many as possible.
Lead the compensation team to ensure career development/growth for the team. Create monthly, quarterly and annual reports to identify results, trends, and financial forecasts, as required to support financial planning & analysis

Specification & Certificate require:

At least a bachelor’s degree in finance, accounting, economics, or related field
Excellent Excel skill (intermediate/ advance level is preferred)

Competency require (Knowledge, Skills, Attribute)

Analytical skill / critical thinking
Able to work under pressure and tight schedule
Able to work with IT to ensure that the compensation setup in the system is correct
Process improvement
Attention to detail
Good command of English/able to respond to regional office and/or external consultant’s queries and prepare compensation announcements in both Thai and English.

About the Company

Chubb

Global property & casualty insurer

Chubb is the world’s largest publicly traded property and casualty insurer, offering commercial and personal insurance, reinsurance, life and health products across 54 countries. It underwrites policies by evaluating risk, pricing premiums, and paying claims fairly and promptly when covered events occur. Its breadth of products, extensive distribution, and strong financial position distinguish it from competitors and enable it to serve diverse clients globally. Its goal is to help people and businesses manage risk with clear policy terms and reliable financial protection.

Company size: 10,001+
Company stage: IPO
Headquarters: Zurich, Switzerland
Founded: 1985

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