Assistant Manager/Manager- Compensation & Benefits - BFSI/IT

Roles & Responsibilities:

Compensation Benchmarking and Structuring:

- Work on compensation benchmarking for new (and existing) Partners - understanding of partner equivalent hierarchies in Big 4 firms, Accenture, etc. and be able to map such candidates to the current PwC partner levels.

- Should understand the concepts of Employee Stock Option Plans (ESOPs), Restrictive Stock Units (RSUs) etc. and be able to value the same using share price projections and discounted cash flow techniques.

- Compensation structuring for lateral partner hires ensuring an optimal balance between fixed and variable pay, joining bonus, loss of pay, etc.

- Structuring the acquisition of teams from competition w.r.t. innovative earn-out models, ensuring a strong return on investment over a 3 year horizon.

Annual Compensation Review

- Create first level simulations and models for partner increments and variable pay, basis the distributable surplus.

Desired Skills:

- Reasonably good understanding of income tax concepts and matters impacting personal taxationProficiency in advanced Excel and modeling skills

- Strong Data Analytics skills

- Insight generation and eye for detail

- Excellent interpersonal and presentation skills (written presentation of technical and analytical work is key)

- Ability to quickly understand the external environments in which the firm operates, e.g. legal, statutory and regulatory from a compensation and benefits perspective