Manager - Rewards - BFSI

Job Responsibilities:

- Reporting to the VP Reward (India) the role will assist in all aspects of compensation & benefits practices in India.

- As part of the Reward team, you will help shape and implement reward strategy for the country by balancing a consistent global/regional approach with localized customization.

- The role holder will need to build collaborative relationships across all HR and the business leaders to drive business and individual performance by designing and managing reward programs that keep market competitive.

- The role will act as subject matter expert.

Key Responsibilities:

- Operational support of local end-to-end reward processes, including offer proposals, communicating the firm’s Total Reward approach, annual year-end compensation process including budget build out & utilization

- Deliver deep analysis of Year End spend trends for various functional lines on a real time basis with qualitative summary of the data trends

- Support HR Business Partners to participate in compensation surveys: job matching, data submission and independent analysis of benchmarking data to support compensation strategy

- Carry out analysis and reporting including providing advice on data trends

- Produce and maintain all day to day recurring compensation reports including hiring trends and projected impact

- Maintain excellent awareness of market trends and regulatory developments, advising Reward team members, Talent Acquisition Team & HR Business Partners accordingly

- Manage the annual review and renewal of all benefits programs (e.g. insurances, gratuity, health checks etc)

- Drive & monitor partner vendors performance through regular service reviews and utilization reports

- Manage the various reconciliations of insurance corporate deposits and present facts/trends/recommendations to the senior management. It includes active interface with payroll & Accounts Payable team

- Proactively review the effectiveness of policies and procedures, providing recommendations

- Participate in the development, modification and delivery of reporting tools and implementing when required

- Execute HR projects as the human capital needs arise as part of the broader firm wide initiatives

- Build a better user experience by identifying & implementing E2E process improvements in partnership with the delivery chain of Employee Services, Payroll & Finance etc.

- Collaborate with Finance on all aspects of compensation planning, measurement and reporting including forecasting

Skills/Qualifications:

- Degree holder and with at least 5-8 years of hands-on compensation and benefits experience

- Ability to handle sensitive information and maintain strict confidentiality

- High level of proficiency with Microsoft applications: advanced understanding of Excel is essential and an understanding of databases and reporting tools would be advantageous.

- Ability to perform complex analyses, modelling, forecasting but present in a simple & understandable manner

- Strong understanding of India compensation practices, benefits (including statutory) landscape, India taxation laws and payroll delivery

- Detail and results oriented with the ability to manage multiple competing priorities all within a fast-paced team environment.

- Uncompromising attention to detail without losing sight of the bigger picture

- Superior interpersonal skills and verbal/written presentation skills

- Highly self-motivated with ability to work effectively autonomously and within a team

- Strong team player, customer focused and able to work with people of all levels

- Demonstrate ability to work independently and prioritize workload

- Knowledge of HRIS (preferred Oracle)

- Strong preference for relevant Professional certifications e.g. WorldatWork

Interested candidates can reach at 7838090993.