Payroll & Operations Specialist, India

Payroll & Operations Specialist, India

Company
Munich Re
Location
Mumbai , India

Reporting to the Head of HR, India the successful candidate will actively support and partner with employees in the Munich RE India office which has approximately 100+ headcount. The position holder will work closely to support the Head of HR, India in all HR matters and provide comprehensive HR services support to the business.

The position holder will proactively contribute to continuous improvements in HR topics and employee practices that support achievement of business objectives and regional alignment.

Your role:

• Drive a high-performance culture and support the India HR function in change management processes, in line with current and future business requirements and business performance.
• Drive best HR practices to attract, retain, motivate, recognize and reward staff.
• Review, develop and implement policies & procedures including budgeting & reporting for HR.
• Manage and implement end to end remuneration and reward practices aligned with the India market practices and Munich RE internal approaches including the annual salary review, budgeting and provision process, bonus cycles, management of benchmarking and survey, benefits management and review, payroll administration, implementation of the Labour Codes & co-ordination with the Regional Reward for implementation of global and regional programs.
• Execute all legal & regulatory HR requirements applicable to the India Branch i.e. manage audit requirements, support labour compliance requirements & reporting, implement Group risk & compliance requirements.
• Support APAC MEA Regional implementation changes for the India office whilst providing guidance and support to the Regional HR Team through local market knowledge.

Your Profile:

• Tertiary qualifications in appropriate area (e.g. Business, Human Resources, Psychology) (essential).
• Minimum 5-7 years HR Operational and payroll experience including all facets of HR in Indian jurisdiction is essential
• Experience in developing and maintaining robust and business focussed relationships with key stakeholders, ensuring service delivery is proactive and relevant, is essential and enabling those relationships in the team.
• The ability to develop and deliver key messages on the range of HR challenges and topics concisely and in the most relevant manner.
• Financial services experience and understanding of business and industry pressures and challenges is preferred.

About Munich Re:

Founded in 1880, Munich Re Group is one of the world s leading providers of reinsurance, primary insurance and insurance-related risk solutions.

As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business.

Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses, providing global career development opportunities and prospects to more than 1900 team members in 20 locations. We started supporting clients in the Indian market in 1951 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.