Distribution Compensation Specialist

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Reporting to the Head of DCA, the Distribution Compensation Specialist will assist in the review and performance of business cases, compensation and tracking of incentive spent.  

The role partners closely with Agency Distribution, Partnership Distribution and Customer Team to design, cost and holistically evaluate the effectiveness of all incentives and distribution compensation.   

Job Description: 

Compensation and Incentive Schemes 

Work with Agency Distribution/Partnerships Distribution/Customer to design, review and recommend changes to Agency Distribution/Partnerships Distribution compensation and incentives to achieve business objectives and ensure financial supportability 

Obtain relevant approval for compensation changes in compliance with governance 

Ensure performance is monitored relative to business case and support in providing senior management with regular updates. Where necessary, recommend changes to management together with distribution 

Perform post implementation review on approved business cases 

 

Agency Recruitment Schemes 

Support agency recruitment by developing the effective means to achieving recruitment targets and objectives.  

Review the effectiveness of various recruitment schemes and work with Agency Recruitment to implement further improvements 

Business Strategies and Special Projects 

Review and support the implementation of Distribution Strategies, especially from product and compensation analytics perspective. 

Understand the impact and implication of such initiatives and provide coordination within Finance and Actuarial where appropriate 

Build DCA knowledge of the organization, processes and customers 

Agency Appeals 

Manage Agency appeals, carrying out an assessment of reasonableness, business needs and financial costs,  while ensuring timely resolution and adherence to governance standards. 

 

Who we are looking for: 

Competencies & Personal Traits 

Good technical financial knowledge 

Good understanding of insurance industry issues and trends 

Detailed and Meticulous 

Strong analytics skills 

Ability to work autonomously 

Good communication skills 

Business acumen 

Inquisitive and ability to think out of the box and look beyond existing solutions and own area to define/resolve issues 

 

Working Experience 

At least 7 years of relevant experience in finance or actuarial roles or positions 

Agency experience is a plus 

 

Education 

Degree in Actuarial or Finance 

 

Language 

English 

 

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.