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Sunflower Life Insurance Company Ltd.Verified
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Master`s degree (MBA/M.Com/MSS or equivalent) from a recognized university.
Candidates with a Business Administration, Management, Finance, Accounting, or Insurance background will receive preference.
Minimum 3–7 years of experience in Development Administration, Branch Administration, or Agency Operations in a Life Insurance Company.
Experience in Bangladeshi life insurance operations will be considered an advantage.
Excellent communication and interpersonal skills.
Strong leadership and team management ability.
Proficiency in Microsoft Office (Excel, Word, PowerPoint).
Strong analytical and reporting skills.
Knowledge of life insurance business operations and regulatory compliance.
Ability to work under pressure and meet deadlines.
self-motivated, and experienced professionals for the position of Head of Dev. Admin & Agency Commission. The successful candidate will play a vital role in managing development administration, supporting agency operations, and ensuring compliance with company policies and regulatory requirements.
Job Responsibilities:
Lead and manage the Development Administration and Agency Commission functions of the company.
Develop, implement, and monitor policies and procedures related to agency administration and commission management.
Oversee the complete agency commission process, including calculation, validation, approval, processing, and timely payment.
Ensure accurate and timely processing of first-year, renewal, bonus, incentive, and other applicable agency commissions in accordance with company policies and regulatory requirements.
Monitor agency force records, appointments, transfers, promotions, terminations, and related administrative activities.
Coordinate with Business Development, Finance & Accounts, HR, IT, Underwriting, Claims, and other relevant departments.
Establish effective controls to minimize commission errors, duplicate payments, irregularities, and financial leakages.
Prepare and analyze periodic reports on agency productivity, commission expenses, incentives, and development administration.
Support management in designing competitive agency commission, incentive, bonus, and performance-based reward structures.
Ensure proper documentation and maintenance of agency-related records and databases.
Monitor compliance with applicable Insurance Development & Regulatory Authority (IDRA) rules, regulations, circulars, and company policies.
Liaise with internal and external stakeholders, including auditors and regulatory authorities, when required.
Lead and develop the Development Administration & Agency Commission team.
Identify opportunities to automate and improve agency administration and commission-processing systems.
Provide management with analytical reports, recommendations, and business insights for improving agency productivity and cost efficiency.
Perform any other duties assigned by the management.
Work at office
Full time
Dhaka
Applications for this job are handled on the company's own website.
