Company Profile: - A reputed listed Small Finance Bank and a certified Great Place to work 2020 primarily catering to financially unserved and underserved segments with the mission to provide a full range of financial services to the 'economically active poor' who were not adequately served by financial institutions. - The presence is across 24 States / Union Territory, 248 Districts, 500+ Banking Touchpoints 15,000+ Employee Strength. Location - Bangalore 1. Business/ Financials (Only Relevant roles) Equity Compensation Management - Participate in Equity compensation scheme designs for the bank under the guidance of the National Manager for Total Rewards, Performance Management and Shared services - Administration of ESOP & ESPS schemes of the Bank and Holding Company. - Manage new ESOP & ESPS scheme/ grant rollouts including calculation of options, rollout and employee communication - Manage pool availability and allocation - Evaluate affordability of grants using established methods of actuarial valuation to understand the impact of the planned grants on Bank's P&L - Coordinate the valuation of ESOPs for the Bank with other departments such as Finance & Accounts - Coordinate allotment of employee exercises within SEBI specified timelines in partnership with the Company Secretarial teams - Calculation and submission of perquisite details to taxation and payroll team post allotment - Create and drive all employee communication related to all ESOP activities - Lead strategic/ key initiatives within the compensation practice or outside, as assigned HR Budgeting, Expense Tracking, Variance Analysis, provisioning - Support business, finance and HR teams in creating measures and models to manage people costs - Coordination of the budgeting exercise for the HR function including Manpower costing and HR Expenses budgeting - Disseminate finalized, approved budgets to relevant stakeholders - Prepare Budget Vs Actual variance of the expenses incurred month on month in coordination with the F&A team and collate responses from stakeholders within HR, for the variance - Prepare and publish HR expense analysis to stakeholders - Collate and submit provisioning, analyze impact of provisioning on of HR expenses - Responsible for design, review and rollout of various dashboards for eg HR Scorecard. 2. Customer (Both Internal & External) - Manage employee communication via various mediums for any policy changes/ amendments in order in increase employee awareness on policies - Identify and automate compensation and benefits/ HR Operations processes which will help in effectively managing processes within timelines and improving employee satisfaction. - Review and process variable pay in a timely manner 3. Internal Process - Ensure 100% compliance to key organizational processes relating to procurement, vendor onboarding, contracting etc - Drive accountability and ROI across all vendors appointed and managed on behalf of the Bank. - Timely collaboration with other COEs, regional HR teams and employees on process efficiencies and design - Translate the data requirements from Finance & Accounts, Risk, Secretarial and Compliance for various regulatory and audit requirement for the specific functional areas - Provide audit data on need basis including interaction with auditors - Query management pertaining to compensation programs of the bank with a 9 hour first response TAT - Timely and accurate employee communication. - Support timely policy renewals - Contribute to various dashboards/ reports for HR for management consumption (incentives/ HR Monthly update etc.) - accurately and on time - Independently resolve escalated compensation issues and recommend optimal solutions for issues of high complexity within TAT - Monitor and drive key HR projects assigned in collaboration with various stakeholders and ensure timely closure and delivery of projects. - Support in submission of all regulatory reporting requirement accurately and on time - Back up for the benefits and performance management COE for the Bank

Bangalore

Manager - Compensation & Benefit - Small Finance Bank 

Manager - Compensation & Benefit - Small Finance Bank  ,Job Description for Manager - Compensation & Benefit - Small Finance Bank  in WEN in  Bangalore for (7-10) years of experience. Apply Now!

Job Description for Manager - Compensation & Benefit - Small Finance Bank  in WEN in  Bangalore for (7-10) years of experience. Apply Now!