Compensation Benefits Manager (Mumbai)

Compensation Benefits Manager (Mumbai)

31 Jul
|
Bharti AXA Life Insurance
|
Mumbai

31 Jul

Bharti AXA Life Insurance

Mumbai

Join our HR Leadership Team at Bharti Axa!

We, at Bharti Axa Life Insurance are scaling our HR functions in Mumbai to support our growing ecosystem and drive key transformation agenda items. If you are passionate about the insurance sector and driving high impact change, we would want you to apply here: Job Overview

We are seeking a data-driven and strategic Manager – Compensation & Advantages, PMS to lead our total rewards strategy, financial modeling, and performance management governance. In this role, you will own the annual compensation cycle, manage fortnightly wage cost oversight, build predictive financial dashboards, and design executive compensation structures. This role bridges human resources and corporate finance, requiring an analytical expert who can translate compensation data into actionable business strategy.

Key Responsibilities:

? Total Rewards & Annual Cycles

Lead Cycles: Execute end-to-end annual salary increments, market corrections, and bonus distribution frameworks.

Benchmark Markets: Participate in external salary surveys to maintain competitive pay structures.

PMS Integration: Align Performance Management System (PMS)



ratings directly with merit-based pay rewards. ? Wage Cost Analysis & Budgeting

Fortnightly Oversight: Conduct regular audits of headcount costs, overtime, incentives, and payroll variances.

Predictive Dashboards: Build automated, predictive cost-outage models to forecast future manpower liabilities.

Variance Tracking: Identify and report financial leakages or deviations from the approved annual wage budget. ? Executive Compensation & Governance

LTI Design: Assist leadership in designing Long-Term Incentive (LTI) plans, stock options, and phantom stocks.

Executive Payroll: Manage confidential compensation structures for CXOs and senior leadership teams.

Board Prep: Draft technical notes and data models for Nomination and Remuneration Committee (NRC) reviews.

Required Qualifications & Skills:

Degrees: MBA in HR/Finance or a Qualified Chartered Accountant (CA).

Experience: 3 to 5 years of core experience in Compensation & Benefits, Financial Planning & Analysis (FP&A;), or Payroll Analytics.

📌 Compensation Benefits Manager (Mumbai)
🏢 Bharti AXA Life Insurance
📍 Mumbai

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