Shriram Housing Finance - Assistant Vice President/Senior Manager - Compensation & Benefits

Shriram Housing Finance Ltd. (SHFL) is a subsidiary of Shriram Finance Ltd. and a part of the over 5 decades old Chennai based Shriram Group. It is a Housing Finance Company (HFC), duly registered with the National Housing Bank and has started operations in December 2011. Headquartered in Mumbai, it is 3rd largest and one of the fastest growing Affordable Housing Finance Co. in the country today, with AUM of INR 11000+ crs. SHFL boasts of an employee strength of over 3500+ employees, spread across 140 branches across 16 states in the country. (www.shriramhousing.in)

We are urgently looking to hire a 'Assistant Vice President / Senior Manager - Compensation & Benefits', based at our Head Office in Mumbai. The incumbent will be responsible for creating and implementing the compensation & benefits strategy for the organization; and administer employee pay and benefits programs, that are fair and competitive. He / She will ensure the organization's alignment to industry salary benchmarks as well as statutory laws and regulations related to pay and benefits. Additionally, he/she will communicate the programs to employees and conduct regular audits to ensure program accuracy and compliance. He / She will be reporting to the Head - People Operations.

We are looking for professional who can design and implement progressive compensation plans and benefits programs, short term and long terms rewards, Stock Option plans and business incentive programs for Sales, Collections and other related functions. He / She is required to analyze data, and make recommendations for changes / improvements. The ideal candidate should have excellent analytical and problem-solving skills, experience in managing insurance benefits total rewards programs, and should be a good team player. Effective communication skills and the ability to manage multiple projects are essential.

Roles and Responsibilities :

- Providing advice to the business on salary and compensation in line with statutory requirements as well as the Company's remuneration philosophy and guidelines

- Developing compensation and rewards strategies that attract and retain talent

- Performing salary reviews based on market and sector-specific benchmarking to ensure competitiveness

- Providing support to offer management as required

- Overseeing and periodically reviewing the administration of benefits

- Participating in and/or leading projects focused on continuous improvement

- Understanding the business strategies and goals and designing and planning competitive compensation and benefits programs.

- Updating the existing compensation and benefits program.

- Making sure the compensation packages comply with the legislative guidelines.

- Conducting detailed research / benchmarking exercise on benefits within the comparator basket.

- Drafting and implementing short term and long term rewards and retention programs in alignment with emerging business and organizational requirements.

- Administration and monitoring of Employee Stock Option schemes

- Preparing monthly audits and reports and presenting them to the higher management.

- Staying updated with the best practices and trends in this industry.

Position Requirements :

- Master's degree in Human Resources Management, Business Administration, or a related degree.

- Proven work experience as a Compensation and Benefits Specialist, Compensation and Benefits Lead, or a similar role in the Human Resources department.

- A professional C&B certification will be an added advantage.

- Sound knowledge of different types of benefits and compensation programs.

- Experience in collecting quantitative data for analysis. Excellent analytical and problem-solving skills

Quick decision-making abilities :

- Familiarity with industry-specific compensation and benefits trends.

- Experience in using HRMS software and Microsoft Office tools.

- Excellent communication and organizational skills.

- Strong attention to detail and accuracy in data analysis and reporting.

- Knowledge of payroll, taxes, and benefits administration.

- Ability to create and maintain a positive work environment.

- Diversity Candidates preferred.