Canara HSBC Life Insurance | AVP/ Senior Manager – Compensation

2 weeks ago

gurugram, India Canara HSBC Life Insurance Full time
  • Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function Head
  • Design, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement benefits.
  • Work with senior management to ensure that compensation and benefits programs support the organization's business objectives and meet all legal requirements.
  • Develop compensation and benefits budget for assigned areas
  • Lead various projects under the C&B domain such as compensation bench-marking surveys, annual increment cycles, performance bonuses, sales incentives, etc.
  • Monitor & govern the bi-annual performance management activities compliance
  • Develop a comprehensive policy framework covering all elements of an employee life-cycle

Compensation

Annual Pay review\ JE and salary benchmarking | Ensure external competitiveness of compensation by benchmarking the same with the identified comparator basket through the identified partner | Design, obtain recommendations & approvals from stakeholders to execute the annual compensation review process | Assist in annual job matching exercise | Managing & closing C&B benchmark surveys with the identified partner | Analyzing the reports and maintaining documentation and share with ExCo member as per relevance | Annual Appraisal Letters preparation & rollout | Providing monthly CPP & IJP increments to BHR team

Benefits

Manage End to end Employee Insurances (GMC, GPA, GTL) | Car Lease Program Management & Vendor liaison | Manage end to end annual Executive Health Check for Employees Pan India | Wellness Initiatives | Governance for Club Membership for SMT | End to end

Performance Management

Driving Goal Setting & Goal evaluation exercise for H1 & H2 | Administering PMS module for Zing HR | Managing employee & other stakeholder queries and providing timely resolution | Periodic assessment of PMS process for enhancement | Assist Function Heads in PMS Cycle closure | Drive Goal Setting for the leadership group

CEO Compensation Management

End to End administration of salary & benefits | Ensuring timely Payroll processing, Salary reimbursements & variable payouts | Ensuring all the payment such as bonus etc happens post IRDAI approval | Monthly sign off from taxation team | Preparation of Form C & other documents for filing with IRDAI

IRDAI Compliance

Managing IRDAI regulatory requirements related to CEO & KMP | IRDAI compliances sign off monitoring through CMT | Bi Annual compliance audit | HR Monthly sign off sheet | Liaison with compliance team for various regulatory requirements | Handling KMP form-1 & form-2

  • Canara HSBC Life Insurance | AVP/ Senior Manager – Compensation

    2 weeks ago

    gurugram, India Canara HSBC Life Insurance Full time

    Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function Head Design, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement...

  • Canara HSBC Life Insurance | AVP/ Senior Manager – Compensation

    2 weeks ago

    gurugram, India Canara HSBC Life Insurance Full time

    Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function Head Design, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement...

  • Canara HSBC Life Insurance | Compliances

    2 weeks ago

    gurugram, India Canara HSBC Life Insurance Full time

    Impact on the Business / Function Review of advertisements Regulatory Reporting Product review Analyze and disseminate new regulations/exposure drafts to the respective functions Ensure timely implementation of the new regulations To do Compliance Risk Assessment with respect to Penalty /Warning Orders issued by the Authority to other insurers Provide...

  • Canara HSBC Life Insurance | Compliances

    2 weeks ago

    gurugram, India Canara HSBC Life Insurance Full time

    Impact on the Business / Function Review of advertisements Regulatory Reporting Product review Analyze and disseminate new regulations/exposure drafts to the respective functions Ensure timely implementation of the new regulations To do Compliance Risk Assessment with respect to Penalty /Warning Orders issued by the Authority to other insurers Provide...

  • Canara HSBC Life Insurance | Compliances

    2 weeks ago

    gurugram, India Canara HSBC Life Insurance Full time

    Impact on the Business / Function Review of advertisements Regulatory Reporting Product reviewAnalyze and disseminate new regulations/exposure drafts to the respective functions Ensure timely implementation of the new regulations To do Compliance Risk Assessment with respect to Penalty /Warning Orders issued by the Authority to other insurersProvide inputs...

  • AVP/ Senior Manager – Compensation

    2 weeks ago

    Gurugram, India Canara HSBC Life Insurance Full time

    Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function HeadDesign, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement...

  • AVP/ Senior Manager – Compensation

    2 weeks ago

    Gurugram, India Canara HSBC Life Insurance Full time

    Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function HeadDesign, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement...

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