Senior Manager - Compensation & Benefits - Insurance Firm (7-8 yrs)

Designation : Compensation & Benefits Senior Manager

Department: Human Resources

Employment Type: Full-Time

Reporting to: Head of Compensation and Benefits

Role Summary:

The Compensation & Benefits Senior Manager supports the design, implementation, and management of competitive and compliant total rewards programs, including salaries, benefits, incentives, and long-term equity plans. The role ensures alignment with organizational goals, employee engagement, and market trends.

Key Responsibilities:

- Develop and maintain compensation structures, pay scales, and bonus programs.

- Manage long-term incentive plans like stock options and RSUs.

- Design and oversee performance-based incentive programs.

- Administer benefits programs (e.g., health insurance, retirement plans).

- Analyze compensation and benefits data to identify trends and improvements.

- Draft and update policies in line with legal and regulatory requirements.

- Communicate and educate employees on total rewards programs.

- Collaborate on budget planning and ensure adherence to company policies.

Qualifications:

- Bachelor's/Master's in HR (HR certification preferred).

- 7+ years of experience in compensation and benefits roles.

- Strong data analytics and HRIS proficiency.

- Knowledge of labor laws and excellent communication skills.

- This role is ideal for professionals looking to drive impactful total rewards strategies and enhance employee engagement.