ProgCap - Lead - Compensation & Benefits (5-7 yrs)

Company Information:

Progcap is an award-winning Fintech and AI company that is engaged in the business of identifying and underwriting small businesses that need credit, generating credit score using alternative data and marketing of financing products.

The company is working towards revolutionizing the way financial access is delivered to underserved segments of the Indian retail economy, through specialized financing and technology products that empower small and medium businesses (SMBs) to progress without obstacles.

Working at the intersection of software and financial services, Progcap aims to be the first full-stack retailer-focused digital bank in India. Through its unique LMRF (Last Mile Retailer Financing) Facility, Progcap is solving a lot of problems in the entire supply chain along with bringing the underserved and capital starved MSMEs into formal financing space.

As a company, Progcap has demonstrated exceptional track record, by partnering with over 70 + fortune 500 brands, working with over 700,000 on its platform, credit solution of over ~6000 Cr and raised over 100 Mn across three rounds of funding, navigated a global crisis coming out with NIL NPAs and growing the business 15x from pre-Covid levels. The company is backed by Creation Investments, Google, Tiger Global, Sequoia capital, GrowX and other well-known investors.

Company Weblink: https://www.progcap.com/

LinkedIn Page: https://www.linkedin.com/company/progcap/

JOB DETAILS:

JOB TITLE: Compensation & Benefits Lead

DEPARTMENT: Human Resources

LOCATION: New Delhi

INDUSTRY: Financial Lending

JOB DESCRIPTION:

- Lead Compensation benchmarking and long-term Incentives using Job evaluation and Industry Study.

- Create Compensation strategy for various roles especially key stakeholders.

- Create C&B modelling and utilize it for Annual compensation Cycle.

- Policy designing structuration for increased benefits.

- Lead the ESOP valuation and Distribution.

JOB RESPONSIBILITES:

- Compensation benchmarking

- Annual Compensation Cycle

- ESOPS valuation and distribution

- Creation of Incentive structure

- Implementation of PMS guidelines

- Refinement of the existing HR processes along with utilization of HRMS Portal

- Experience of handling 3-4 appraisal cycles would be a plus.

SKILL SET (must have):

- Exposure towards Creation of Compensation strategy specially LTI.

- ESOPs structuring and valuation.

SKILL SET (Good to have):

- Compensation Strategy & ESOPs valuation and policy formulation and implementation.

- Creating and Presenting Dashboards and HR Analytics.

QUALIFICATION / PAST EXPERIENCE REQUIRED:

- MBA in HR from Premium B School

- Experience of minimum 5 years

- Previous background - Open to all

Preference of Startups, Fintech, Banks, Consulting Firms etc.