Compensation and Benefits Manager

4 weeks ago


Singapur, Singapore OCBC Bank Full time
Job Summary

This role is part of the Group Compensation and Benefits team, responsible for driving the Mental Wellness and Employee Medical/Insurance portfolio. The successful candidate will support the administration of Employee Share Plan and work closely with external vendors.

Key Responsibilities
  • Monitor and ensure compliance with relevant regulatory requirements
  • Develop dashboards on benefits utilization and vendor service level monitoring
  • Work with Medical Panel/Insurance Provider on issue resolution and process improvement initiatives
  • Address employee queries/escalations related to benefits
  • Ensure seamless and efficient benefits operations
  • Perform vendor governance for risk management and service management as required
  • Manage contract/annual insurance renewal and negotiations
  • Manage annual enrolment of insurances
  • Process work injury compensation as required
  • Drive Groupwide mental wellness plan and implement initiatives
  • Develop metrics and dashboard to track utilization and success of mental wellness initiatives
  • Drive contract renewal, governance for EAP vendor
  • Conduct vendor due diligence/performance monitoring
  • Support the annual Employee Share Purchase Plan (ESPP) enrolment exercise
  • Support regulatory reporting and disclosures
  • Support ongoing ESPP administration as a checker
Requirements
  • Experienced compensation and benefits professional with a bachelor's degree and 3-5 years of relevant experience in compensation and benefits operations
  • Proven track record to work in a fast-paced environment. Able to work under pressure and tight deadlines.
  • Strong attention to details with good project management skills.
  • Meticulous, analytical and numerate.
  • Proficient in Excel, dashboard creation and PowerPoint.
  • Team-player with good communication skills and the ability to engage and partner with vendors and multiple stakeholders.
  • Proactive in initiating and recommending changes in order to improve existing processes.
What We Offer
  • Competitive base salary, leave and medical benefits.
  • Hybrid working for certain roles.
  • We are an equal opportunities employer.
About Us

OCBC Bank is Singapore's longest established bank, helping people and businesses get what they want from life since 1932. We provide support, services, solutions, and career paths that meet their individual needs and desires.

We're on a journey of transformation, embracing technology and creativity to become a future-ready learning organisation. Our focus remains to be Simply Spot On in everything we do.

Whether you want to innovate needs-based financial services in a friendly supportive team; build lasting value in your community; help people grow their business, assets, and investments; take your learning as far as you can; or simply enjoy a vibrant, future-ready career, Your Opportunity Starts Here.



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