Ocwen - Assistant Manager - Compensation & Benefits

Business Summary :

Ocwen Financial Corporation (Ocwen) is the largest independent mortgage loan servicer in the United States and the fourth largest overall mortgage servicer. Ocwen is publicly traded (NYSE:OCN) and is widely recognized in government, industry, community and media circles as a leader in foreclosure prevention, mainly through loan modifications. Over the past few years, Ocwen has enjoyed significant growth in its loan servicing portfolio and market capitalization, largely as a result of successfully integrating servicing platforms acquired from large financial institutions.

As a leader in loan modifications, we strive to help struggling families meet their financial responsibilities, get back on track, and stay in their homes as well as help them address the concerns and complex questions they have about their home and mortgage. Helping homeowners is what we do!

Make a difference by working in this dynamic, growing field for one of the most innovative and fastest-growing companies in the mortgage servicing industry. As an Ocwen employee, you will work alongside highly motivated, well-educated peers who share your passion for providing the best possible service to our customers. The position offers advancement opportunities and a competitive salary.

Department Structure & Reporting To :

The HR Compensation and Benefit team is responsible for administration of plans and systems related to employee compensation & performance, development and administration of corporate policies, procedures and management directives.

This position will report to the Director, Human Resources.

Responsibilities/KRA :

- Provide guidance to the business and develop creative solutions on a variety of total compensation issues including the setting of appropriate pay levels, base pay, annual incentive pay.

- Make guidelines for incentive payouts and variable pay

- To work on compensation philosophies, compensation strategies and compensation policies for the organization.

- Complete employee salary and benefits planning, designing, structuring and implementation exercises.

- Compensation and benefits bench marking surveys. Collation & analysis of study reports, Annual increment and reward proposals and Implementation of annual salary revision exercises.

- To introduce different salary and reward programs like flexible benefits plan and performance-based variable pay plans

- In charge for annual planning, forecasting and budgeting exercises for all direct costs for employees (salary and benefits, annual increments, incentives, rewards and awards programs) and also all indirect manpower related expenses.

- Identifying, intervening and initiating different employee and overhead expenses savings opportunities as a part of companies cost reduction programs to add to their bottom lines and hence increase profitability.

- Closely Working with Compensation and Benefits consultants in India

Qualifications :

- Full time MBA (HR) from Premier B School

- 2-5 years of HR Compensation and Benefit experience with a strong learning orientation

- Analytical/logical ability and a solution selling approach

- Flair for engaging with people and developing relationships and ability to work in diverse teams

- Comfortable with working in rotating shifts (mid/evening shifts)