15/10 Tanya Fernandes
HR at Magma

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Magma Fincorp - Vice President - Compensation & Benefits/HR Operations (14-18 yrs) Premium

Mumbai Job Code: 856347

Key Responsibilities:

- Plan, direct and set the strategic direction of employee compensation and benefits program.

- Ability to work with senior management to ensure that compensation & benefits program support the organizations business objectives and meets all legal requirements.

- Manage and drive the performance management system, payroll and ESOP program and other benefits schemes as laid out by the organization for employees.

- Will be responsible to manage the overall compensation and benefits expenditure budget.

- Responsible for ensuring compensation strategy is in line with the business needs and market realities.

- Oversee and guide the team engaged in the compensation and benefits programs; job evaluation, salary, benefits and incentive programs .

- Overseeing and managing all HR operations deliveries and providing required support for smooth transition .


Should be an MBA / Post Graduate in HR


- About 14+ years of total experience with 6-8 years of relevant experience in C&B and if someone has experience in HR operations it will be a plus.

- Experience in a large organization and have managed large distributions.

Knowledge or Skills Requirements:

- Knowledge of compensation design and implementation .e.g. base pay variable pay benefits perquisites etc.

- Knowledge of country labor laws impacting rewards.

- High order of analytical ability and comfort with numbers

- Ability to effectively interface with multiple geographies and cultures

- Issue Resolution and Escalation

- Excellent MS Excel skills

- Tactical and strategic

- Ability to deal with expectations of critical business stakeholders

Women-friendly workplace:

Maternity and Paternity Benefits

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