This is a role with Kotak Prime.

Location: Kotak Infinity, Goregaon, Mumbai The HR Analyst – Compensation, Incentives & Planning owns monthly incentive processing, scorecard management and HR reporting, and supports compensation planning, manpower budgeting and the performance management cycle. The role makes sure payouts and reports are accurate and on time, and turns pay and HR data into easy insights for business and HR leaders. It works closely with Payroll, Finance, Risk, IT and business heads.

1. Incentive Administration Prepare monthly incentive files for Sales, Collections, Credit, Customer Service and Operations, as per the approved policy. Collect and check inputs (achievement, eligibility, headcount, leave and exit status) before calculating. Handle arrears, exceptions and corrections within policy and approval limits. Draft the monthly incentive summary mail and get HR Head approval before release. Answer incentive queries on time. Run monthly awareness sessions and keep an HR Head approved FAQ. Automate and digitise the process to simplify calculations.
2. Scorecard Management Execution: Coordinate with MIS & analytics to create the eligible base, map individual targets, and publish scorecards on time with minimal rework. Follow-up: Resolve employee queries, track achievement against scorecards and report gaps or trends to leaders.
3. Compensation Planning Support yearly compensation planning, including increments, pay structures and benchmarking. Prepare data, models and scenarios for leadership to review and approve. Check offers and pays changes against pay bands and internal fairness.
4. Manpower Budgeting Help prepare the yearly headcount and manpower cost budget with business and Finance teams.



Track Budget vs Actuals each month and explain differences. Flag overspends early and suggest corrective steps.
5. PMS Support Support the performance management cycle end to end: timelines, communication and data. Track completion, answer manager and employee queries, and share status updates with HR leaders. Provide rating and performance data for pay and incentive decisions.
6. Payout Analytics & HR Reporting Track payout trends, achievement vs target, and top and under-achievers. Flag unusual payouts and policy gaps. Publish monthly and weekly attrition, productivity, headcount and DST cost reports. Prepare the annual productivity report for Unnati. Work with IT and the analytics team to automate regular reports using Excel, SQL, Power BI and Python.
7. Audit, Ad-hoc Support & Data Share quarterly data with Risk, Accounts & Finance and Audit teams. Respond to ad-hoc data requests from business heads and HR within 48 hours. Keep employee data clean. Maintain trackers, process notes, approvals and version history. Handle confidential pay data with care.
8. Stakeholder Management Build strong working relationships with business heads, HR Relationship Managers, Payroll, Finance, Risk, IT and vendors. Understand business needs, manage expectations and resolve concerns quickly. Keep stakeholders informed on timelines, changes and decisions.

Qualifications Graduate in Commerce, Finance, HR, Statistics or a related field. MBA (HR/Finance) preferred. 2–4 years of experience in compensation, incentives, HR analytics or planning. BFSI or sales-led setup preferred. CCP/GRP or an analytics certification is a plus.

Good to have Skills :

SQL, Power BI or Tableau, Python or VBA, HRIS and payroll system knowledge of Salary benchmarking, Process automation, Presentation skills

📌 HR Analyst - Compensation and Benefit (Mumbai)
🏢 Kotak Mahindra Bank
📍 Mumbai