Associate Vice President/Lead - Total Rewards/HR Operations/Performance Management - Insurance

AVP & Lead - Total Rewards, HR Ops and Performance Management

Job Description:

Industry: Insurance

We are seeking an exceptional AVP - Total Rewards, HR Ops & Performance Management who can manage the compensation, benefits, HR operations, Compliance and performance management systems of our insurance client.

Client Details:

- Our client is a large organization in the insurance industry.

- They are known for their commitment to providing unparalleled services and creating an environment that nurtures growth and innovation.

Description:

Compensation & Benefits:

- Design and implement compensation strategies that align with the company's business goals.

- Manage the company's benefits program to ensure competitiveness in the market.

- Designing and implement long term and short-term incentive plans.

- Collaborate with senior management and stakeholders to develop a strategic compensation plan that aligns with the organization's objectives and values.

- Ensure regulatory compliance regarding compensation and benefits.

- Provide advice to management on pay decisions, policy development, and job evaluation.

- Develop a consistent compensation philosophy in line with work culture and organizational objectives.

HR Operations & Payroll:

- Ensure accurate and timely processing of payroll for employees ensuring compliance with statutory guidelines.

- Drive HR operations for the organization, ensuring a smooth and efficient service that meets the needs of the business.

- Develop and implement HR strategies and initiatives aligned with the overall business strategy.

- Bridge management and employee relations by addressing demands, grievances, or other issues.

- Nurture a positive working environment by maintaining a keen understanding of the overall morale and promoting a company culture that encourages top performance and high morale.

- Report to management and provide decision support through HR metrics.

- ESOP computation and implementation.

- Working on NRC Presentation.

- Front ending any Regulatory requirements.

- Market Benchmarking.

- Ensuring the Implementation of All HR Policies and Processes.

- Handling Incentive Calculations and Bonuses

HR Compliance:

- Managing All HR Compliance related matters

Performance Management:

- Collaborate with managers and employees to set clear, measurable, achievable, relevant, and time-bound performance goals aligned with organizational strategies.

- Providing ongoing, constructive feedback to employees regarding their performance, strengths, and areas for improvement.

- Conducting formal performance evaluations at regular intervals to assess employee achievements against set goals and provide comprehensive feedback.

- Developing and implementing targeted plans to address performance issues with under performing employees.

Profile:

A successful AVP - Total Rewards, HR Ops & Performance Management should have:

- 12+ years of experience in Human Resources with a focus on Total Rewards

- Degree in Human Resources, Business Administration, or related field.

- Knowledge in HR operations, compensation, benefits, and performance management systems.

- Exceptional leadership and team management skills.

- Strong project management abilities.

- Proficiency in HR systems and databases.

- Excellent communication and negotiation skills.

- Ability to develop strong relationships with key stakeholders.

Job Offer:

- An estimated salary range of 10% above and below market rate.

- Generous holiday leave.

- A thriving company culture that promotes innovation and growth.

- A chance to work in a large organization in the insurance industry.

To apply online please click the 'Apply' button below.