Human Resource: Compensation and Benefits Manager

3 weeks ago

Singapore OLIVER JAMES ASSOCIATES (SINGAPORE) PTE. LTD. Full time
Roles & Responsibilities

Our client is an Insurance MNC has large presence in Asia, looking for Reward Manager to join thier team in Singapore.


Compensation & Benefits

  • Work closely with the market HR teams and business leaders on policy; work with the Regional Head of Reward in drafting and updating policy.
  • Work closely with company and enterprise C&B teams as part of a wider community of practice.
  • Conduct a current state assessment with a heat map and potential risk (if any), then leverage global programs, practices, and technology to determine if there is scope to harmonize them into one flexible benefits plan for a consistent and best-in-class employee experience.
  • Compensation support: Prepare the Compensation for proposed salary offers and adjustments and recommend corrective or alternative actions to resolve pay problems within company's guidelines and the compensation governance process.

Compensation

  • Build and maintain an excellent understanding of company’s overall compensation philosophy.
  • Contribute to the design and implement levelling (per agreed governance) and compensation structures within the region (salary ranges, variable pay targets).
  • Advise on and secure approvals for BAU comp changes and new hire packages, personally approving and/or escalating for additional approvals where necessary (per agreed governance).
  • Deliver market data analysis (e.g. engagement with vendors, selection of appropriate vendors, production and delivery of analyses to business leaders)
  • Support region on regulatory compensation matters within aligned markets, including proactively understanding, socialising and addressing developments.
  • Responsible for the operational delivery of the year-end compensation cycle within the region.


Benefits


  • Design and maintain target suite of benefits within one or more countries.
  • Design and maintain benefits structures (pension targets, benefits eligibility by seniority) in assigned countries.
  • Consult/lead on benefits vendor selection; take ownership as required
  • Analytics: Contribute for the delivery of HR Analytics to regional HR teams, working closely with the International HR Analytics Lead.
  • Process: Support to manage the recurring processes, including the annual compensation review process, salary planning, and budgeting; market and salary adjustments, promotions, bonus payments, and merit reviews; development of the merit matrix and bonus guidelines; and education and guidance to managers on the proposal.

Requirements

  • Bachelor's degree in HR or business study
  • Solid experience in C&B
  • Worked in Financial services company
  • Proficient in Excel and other HR tools and systems
  • Min 5 years of experience
  • Strong communicator, both written and verbal



Tell employers what skills you have

Sustainability
Microsoft Office
Microsoft Excel
Operational Excellence
Data Analysis
Talent Acquisition
Analytical Skills
Business Acumen
Data Management
Employee Benefits
Attention to Details
Accountability
HRIS
Budgeting
Annual Planning
Human Resources
Regulatory Requirements
Decision Making
Financial Services

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