Compensation & Benefits/Total Rewards Professional - BFSI

Location: Mumbai, Maharashtra

Experience: 5 - 8 Years

Industry: BFSI / Financial Services

Education: Candidates from Top B-Schools

We are looking for a seasoned Compensation & Benefits / Total Rewards professional with strong BFSI exposure to drive strategic reward initiatives, design competitive compensation frameworks, and align rewards with business performance and talent retention.

Key Responsibilities:

- Drive Total Rewards strategy across fixed pay, variable pay, incentives, benefits, and special rewards.

- Manage annual compensation, merit, promotion, variable pay (VPay), and bonus cycles.

- Design and optimize sales incentive structures, KPIs, and performance-linked reward frameworks.

- Design and manage short-term and long-term incentive (STI & LTI) plans, aligning reward outcomes with business performance and organizational goals.

- Develop and manage ESOP structures and equity-based compensation frameworks, including plan design, eligibility, vesting structures, and governance.

- Lead career progression, internal mobility, and retention initiatives using workforce analytics.

- Conduct salary benchmarking, pay equity analysis, and compensation analytics.

- Drive HR automation, dashboards, MIS, and workforce analytics.

- Partner with HRBPs, Business, Finance, and Payroll teams to ensure compensation governance, budgeting, and accurate payouts.

- Ensure compliance with applicable labour laws, statutory requirements, and Rewards policies.

Key Skills:

Total Rewards, Compensation & Benefits, Reward Strategy, Fixed & Variable Pay, Short-Term Incentives (STI), Long-Term Incentives (LTI), ESOP Design & Structuring, Sales Incentives, Annual Compensation Planning, Salary Benchmarking, Pay Equity, Compensation Analytics, BFSI / Financial Services, HR Automation, MIS & Dashboards