Job Responsibilities: As the Head of SPSI and EMP, the role is to contribute to the achievement of CFS OP17 financial targets through the following:- o The design and implementation of effective variable commission plans o Champion the implementation of strategic cost management framework and effective expense control
Sales Performance & Incentives (SPSI):
Development of new and revision of incentive schemes. Provide insightful analysis to ensure alignment to business goals and sales targets. Recommend improvements to uplift sales performance.
Ensure accurate and timely computation of front lines variable sales incentives of all sales channels.
Provide leadership to review and improve efficiency of the incentive end to end process.
Expense Management (EMP):
Lead, supervise and execute annual operating plan (OP) and monthly forecast for expenses.
Identify opportunities and risks to ensure expenses are managed within OP. Recommend and execute corrective action plans.
To manage cost drivers to ensure strategic initiatives return of investments are met.
To implement effective expense control including cost allocation methodology and basis/drivers.
To manage monthly expense accruals function and perform variance analysis.
Key liaison person for internal audit or management reviews. Ensures effective cost control measures are in place. To recommend and implement improvement measures.
Qualifications Job Requirements:
1. At least 8 years of working experience of which at least 5 years in Banking / Finance Management / Accounting discipline. 2. Experience in business planning, financial management / analysis, or audit is essential. 3. Strong business acumen and analytical mindset with eye to details. Experience in incentive or cost management would be added advantage. 4. People management. Have experience manage a small team of business / finance /sales analyst 5. Stakeholder management. Ability to manage internal and external stakeholders required.