Manager - Compensation & Benefits - BFSI/NBFC

Manager - Compensation & Benefits

About the Company:

Our Client is a prominent player in the BFSI/NBFC sector (Great Place To Work Certified), dedicated to delivering innovative financial solutions their rapidly growing customer base in India. Employing 3000+ employees, this company is on a rapid spree to becoming a market leader & is seeking to strengthen its Total Rewards / Comp & Ben team.

Please note: We are ONLY looking for candidates with 3-5 years of experience in pureplay Compensation & Benefits/Rewards Consulting for either HR Consulting firms or companies. Not looking at hiring HR Generalists for this role as we're seeking specialists. Do read through the complete JD & send us your details on the link at the bottom for a conversation about this awesome opportunity if you fit the requirements.

Job Code: 222-002

Company: Leading BFSI/NBFC company (Great Place To Work Certified)

Designation: Manager / Senior Manager - Compensation & Benefits (designation open basis relevant exp)

Experienced in: Overall Rewards/ Comp & ben strategy & in running annual performance appraisal hike cycles company wide.

Experience: 3-5 years of pure play Compensation & Benefits/Rewards Consulting for either HR Consulting agencies or corporates. (Industry agnostic)

Office location: Bandra Kurla Complex, (BKC), Mumbai

Candidate Location: Mumbai candidates preferred

Candidate's current ctc band preferred: 12-16 lacs per annum

Job Summary: Our Client is seeking a a competent Compensation & Benefits / Rewards Specialist (Manager/Sr Manager level) to lead the function, reporting into the Head - People Operations. This role will assist with Rewards/Compensation & Benefits strategy & implementation for the India Region Business. In this role you will be responsible for supporting the ongoing strategy, administration and assessment of the client company's rewards programs. This role will contribute to the compensation and analytical activities including the design, development, modelling, costing and administration of base pay programs and incentive programs that help to attract and retain the best talent with our client company.

Key Responsibilities:

- Supports regulatory filing and other annual reporting eg. Provide compensation information on demand across levels.

- Supports the planning and execution of the annual compensation cycle including communication, validation and distribution of data, and support to HR teams in house.

- Takes a leading role in the bonus and salary review processes, often acting as a key contact for the HR teams and line managers.

- Assists and manages as an IC, in the management of other compensation programs as per the agreed processes. Ie. Accrual processes of bonus, deferred cash, etc

- Manages the ad-hoc increase recommendations - support on gathering of data and partner with HR Operations to ensure that the changes are properly completed in in-house HRIS systems and letters are issued in a timely manner.

- Reviews individual reward packages to facilitate, and input into, the decision making.

- Prepares and collates data and opinions to facilitate others to make a decision on exceptions on reward package and timing

- Resolves moderately complex benefits queries from employees and benefit vendors as/if applicable.

- Completes and submits all salary surveys, which include participation in third party and adhoc surveys; ensure that submission is on time and accurate.

- Undertakes external and internal salary benchmarking using a variety of sources with an eye to which sources are most relevant for the company.

- Administers/supports the development of salary ranges

- Produces reports on people data and compensation as requested

- Prepares presentations on reward data and projects pulling out relevant key insights for the audience

- Proactively engages the local HR teams in reward practices and projects.

Qualifications and Experience:

- Bachelors in any stream, MBA/PG in HR preferred from institutes of excellence in HR.

- A minimum of 3-5 years of proven pure-play experience in Compensation & Benefits/Rewards Consulting for either HR Consulting agencies or corporates. (Industry agnostic, preferably with 3000 employees or more - Good to have but not mandatory).

- Strong analytical and problem-solving skills with excellent attention to detail

- Advanced Excel skills and strong technical aptitude

- Understanding of HRIS systems, workflows and reporting

- Exceptional communication, negotiation, and interpersonal skills.

- Up to date, relevant knowledge of industry based compliances, government issued statutory regulations, etc

- Strong organizational and time-management skills.

Benefits:

- Competitive compensation & growth.

- Ongoing training and professional development opportunities.

- A dynamic and collaborative work environment.

- Opportunity for career advancement within the organization.

To apply, pls send us your updated cv mentioning the below details (so we are able to process your candidature, we are not accepting any applications without these details below, do note):

Email subject: Ref: IIMJobs- Manager/Sr Manager - Comp & Ben (BFSI/NBFC) role, BKC, Mumbai location - Job Code: 222-002

Name:
Mobile:
Email:
LinkedIn profile link:
Current company:
Designation:
Annual ctc:
Notice period:
How soon can you join if selected:
Total years of work experience:
Years of experience specifically in Rewards/Compensation & benefits:
Highest Academic qualification, year & institute:
Are there any areas in the JD above that you do not have experience in:
Your current annual ctc (in a fixed+variable split):
Expected CTC (% or numbers):
How soon can you join if selected?:
Location of current residence:
Are you comfortable traveling to & working from BKC, Mumbai (5 days Mon-Fri)?:

Pls attach your cv

We thank you for sending us your profile & details for this role. If your profile gets shortlisted for roles with us, we look forward to a conversation with you to learn about more of what makes you awesome!

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