DM/Manager - Comp & Ben - BFSI

Compensation & Benefits - Manager / Deputy Manager

We are looking for Manager/Deputy Manager- Compensation & Benefits for one of our Fortune 100 MNC Company based at Gurgaon. If you would be keen kindly email us your updated profile in reply mode asap.

About Company :

Our client is the largest* non-bank private life insurer & leading Indian multi-business corporate, while Joint Venture partner is a member of MS&AD Insurance Group, which is currently amongst the top 10 general insurers in the world. Offers comprehensive life insurance and retirement solutions for long-term savings and protection. A financially stable company with sound investment expertise, Our cliednt Life Insurance product has a strong customer-centric approach focused on advice based sales and quality service.

In the financial year 2011-12 our client Life Insurance ranked fourth among private life insurers with a market share of 8.6%. The Company has been one of the fastest growing life insurance companies with total revenue of Rs.6,391 crore and enterprise profit of Rs.733 crore for the Financial Year 2011-12. The Company's share capital of Rs. 2,127 crore with a solvency margin of 534% is indicative of its financial strength and stability. As on 31st March 2012, & had assets under management of Rs.17,215 crore.

JOB SUMMARY:

- Reporting to the Head of Performance and Reward, this role has key responsibility for managing day-to-day activity within the Comp & Benefits team, as well as supporting on running the organisation wide Rewards and Recognition scheme and special projects.

KEY RESPONSIBILITIES:

Compensation & Benefits

1.Monitor salary structures and benefits programs including review and analyze market benchmarking to ensure external competitiveness, internal equity.

2.Participates in C&B surveys and conduct salary information analysis to provide proposal for annual promotion, merit increase.

3.Design the basic compensation structures in the organization (grading system, job evaluation, job description policy, promotion policy, etc) aligned with the corporate culture and the corporate values

4.Develop salary ranges to ensure easy of hiring

5.Design and review the sales incentive schemes for different business channels and ensure they are timely implemented and communicated

6.Prepare data and analytics to facilitate compensation decision making

7.Design, develop and implement competitive C&B policies and systems that support company growth and objectives.

8.Independently maintain relationship and communication with business department and HR managers

9.Act as a recognized subject matter expert, advising HR and business managers.

Policy Making and Management

1.Review current policies in line with market practices

2.Provide qualitative and quantitative inputs to enhance HR policies

3.Build new personnel policies based on business growth and budget affordable

4.Play a role as a policy keeper

Rewards and Recognition (R&R)

1.Effectively implement the prevailing R&R scheme

2.Review current R&R scheme in line with market practices

3.Provide qualitative and quantitative inputs to enhance HR policies

4.Build new personnel policies based on business growth and budget affordable

5.Play a role as a gate keeper for the R&R process

MEASURES OF SUCCESS:

- Accuracy and timeliness of payouts

- Documentation maintained/signoffs

- Timely response to internal/external queries

- Supervisor Feedback.

- Continuous improvements in the compensation process for improved TATs

MINIMUM EDUCATION:

MBA/PGDM in Human Resource

MINIMUM/SPECIFIC EXPERIENCE:

- 5-8 years in compensation and benefits related function

KNOWLEDGE/SKILLS/ABILITIES:

- Strong and proven analytical skills

- Excellent MS Office skills (MS Excel, MS PowerPoint)

- Excellent Communication skills

- Networking and Influencing skills

- Strong Negotiation skills

- Strong Time Management skills

- Self-management skills

- Ability to work under pressure and tough deadlines

- Team Player

Kindly email us your updated profile in reply mode or call us for further discussion.

HR Team
Brainsearch Consulting Pvt Ltd (AN ISO 9001:2008 Certified Company)
Tel : 91-120-2481911 (w) | 9999101413 (m)
www.brainsearchindia.com