Dy. Manager/ Manager

4 weeks ago

Mumbai, India Exceed Consulting Full time

Our client, a Leading Private Bank is looking out for a Deputy Manager / Manager – Compensation & Benefits to support the development and administration of our compensation structures and benefits programs to be based at Mumbai. The ideal candidate will have at least 3 years of hands-on experience in C&B, with strong analytical capabilities and exposure to HR systems and statutory compliance.Key Responsibilities1. Compensation Management- Assist in the design and implementation of compensation structures including salary benchmarking, pay bands, and internal equity.- Support annual salary review processes, including budgeting, increment planning, and bonus payouts.- Work with external consultants to participate in salary surveys.- Conduct job evaluations and contribute to role grading processes.2. Benefits Administration- Administer employee benefits including medical insurance, wellness programs, and statutory benefits (PF, ESIC, Gratuity).- Liaise with vendors, insurance providers, and internal teams to ensure smooth delivery of benefits.- Handle employee queries related to compensation and benefits.3. Analytics & Reporting- Prepare regular reports and dashboards on compensation costs, headcount, attrition, and benefits utilization.- Conduct internal pay benchmarking to support decisions on promotions, transfers, and new hires.4. Compliance & Audits- Ensure compliance with local labor laws related to compensation and employee benefits.- Maintain data accuracy and audit-readiness for compensation and payroll records.5. HR Systems & Projects- Support implementation and maintenance of HRIS or compensation tools (e.g., SAP SuccessFactors, Workday).- Contribute to process improvement projects related to compensation workflows.Qualifications & Skills- Education: MBA / PGDM in HR or related field from a recognized institute- Experience: 3+ years of relevant experience in Compensation & Benefits or broader HR roles with a C&B focus- Strong Excel and data analysis skills; familiarity with dashboards and HR analytics- Good understanding of Indian labor laws (PF, Gratuity, Bonus Act, etc.)- Excellent interpersonal and communication skills- Detail-oriented and able to handle sensitive data with confidentiality

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