Compensation Operations Analyst

1 day ago

Bengaluru, Karnataka, India Millennium Full time ₹ 9,00,000 - ₹ 12,00,000 per year
Compensation Operations Analyst

Compensation Operations Analyst

The Compensation Operations Analyst at Millennium will support the firm's compensation processes, by ensuring accuracy, compliance, and efficiency in payment operations. The ideal candidate will play a key role in managing compensation data, performing data audits, and collaborating with cross-functional teams to deliver seamless payment instructions on a global scale. This function requires liaising with other departments such as Trading, Finance, Legal, and will also involve providing support to other HR functions.

They will be hired to support the Compensation team in a variety of areas; particularly focused on providing operational support global one-time payment processing, and the administration of Millennium's deferred compensation program.

Principal Responsibilities:

  • Maintain and update one-time payment data records in the Payment Management Center (PMC) and Deferred Compensation system.
  • Perform data audits by reviewing/auditing employment agreements to ensure data accuracy.
  • Manage Payment Operations mailbox requests, ensuring timely responses and resolution of queries.
  • Track changes related to compensation payments in PMC and schedule payments in Workday/liaise with Payroll teams/HRBPs as needed.
  • Reach out to employees to collect/validate proof of forfeiture where required for payment processing.
  • Perform replacement compensation valuations based on documentation received.
  • Administration of replacement compensation/year-end deferred compensation grants; including entering new grants into iTrack and managing the forfeiture/withdrawal process
  • Administration of USD payments/election in accordance with the firm's currency election policy.
  • Assist in the implementation and delivery of various compensation transformation projects.
  • Prepare and update process documentation to ensure clarity, consistency, and compliance with organizational standards.

Qualifications/Skills Required:

  • Bachelor's degree in an analytical field such as Finance, Accounting, or a related field in HR.
  • 4-5 years of experience in Financial or HR Services; preferably Global Compensation Operations and Payroll
  • Knowledge of HR systems; preferably Workday and Service Now
  • Demonstrate good judgement and discretion when dealing with highly sensitive data.
  • Ability to work with Excel on a day-to-day basis; individuals should be able to do v-lookups, conditional statements and perform systematic data audits.
  • Ability to handle multiple, time-sensitive projects while focusing on the quality of work delivered to clients.
  • Strong verbal and written communication skills, with the ability to succinctly summarize difficult issues and assess impact.
  • Proven client service focus and ability to build relationships successfully.
  • Attention to detail, analytical/reasoning and problem-solving skills.

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