Women Entrepreneur Network Hiring for Manager – Compensation & Benefit at Bangalore Full Time

Company Profile:

– Our Client is a reputed listed Small Finance Bank and a certified Great Place to work 2020 primarily catering to financially unserved and underserved segments with the mission to provide a full range of financial services to the ‘economically active poor’ who were not adequately served by financial institutions.

Location – Bangalore

1. Business/ Financials (Only Relevant roles)

Equity Compensation Management

– Participate in Equity compensation scheme designs for the bank under the guidance of the National Manager for Total Rewards, Performance Management and Shared services

– Administration of ESOP & ESPS schemes of the Bank and Holding Company.

– Manage new ESOP & ESPS scheme/ grant rollouts including calculation of options, rollout and employee communication

– Manage pool availability and allocation

– Evaluate affordability of grants using established methods of actuarial valuation to understand the impact of the planned grants on Bank’s P&L

– Coordinate the valuation of ESOPs for the Bank with other departments such as Finance & Accounts

– Coordinate allotment of employee exercises within SEBI specified timelines in partnership with the Company Secretarial teams

– Calculation and submission of perquisite details to taxation and payroll team post allotment

– Create and drive all employee communication related to all ESOP activities

– Lead strategic/ key initiatives within the compensation practice or outside, as assigned HR Budgeting, Expense Tracking, Variance Analysis, provisioning

– Support business, finance and HR teams in creating measures and models to manage people costs

– Coordination of the budgeting exercise for the HR function including Manpower costing and HR Expenses budgeting

– Disseminate finalized, approved budgets to relevant stakeholders

– Prepare Budget Vs Actual variance of the expenses incurred month on month in coordination with the F&A team and collate responses from stakeholders within HR, for the variance

– Prepare and publish HR expense analysis to stakeholders

– Collate and submit provisioning, analyze impact of provisioning on of HR expenses

– Responsible for design, review and rollout of various dashboards for eg HR Scorecard.

2. Customer (Both Internal & External)

– Manage employee communication via various mediums for any policy changes/ amendments in order in increase employee awareness on policies

– Identify and automate compensation and benefits/ HR Operations processes which will help in effectively managing processes within timelines and improving employee satisfaction.

– Review and process variable pay in a timely manner

3. Internal Process

– Ensure 100% compliance to key organizational processes relating to procurement, vendor onboarding, contracting etc

– Drive accountability and ROI across all vendors appointed and managed on behalf of the Bank.

– Timely collaboration with other COEs, regional HR teams and employees on process efficiencies and design

– Translate the data requirements from Finance & Accounts, Risk, Secretarial and Compliance for various regulatory and audit requirement for the specific functional areas

– Provide audit data on need basis including interaction with auditors

– Query management pertaining to compensation programs of the bank with a 9 hour first response TAT

– Timely and accurate employee communication.

– Support timely policy renewals

– Contribute to various dashboards/ reports for HR for management consumption (incentives/ HR Monthly update etc.) – accurately and on time

– Independently resolve escalated compensation issues and recommend optimal solutions for issues of high complexity within TAT

– Monitor and drive key HR projects assigned in collaboration with various stakeholders and ensure timely closure and delivery of projects.

– Support in submission of all regulatory reporting requirement accurately and on time

– Back up for the benefits and performance management COE for the Bank

Job Type: Full-time

Salary: Up to ₹2,000,000.00 per year

Schedule:

• Morning shift

Experience:

• total work: 6 years (Preferred)