Compensation & Benefits Role - Reward Strategy - BFSI

Job Title: Compensation & Benefits - Reward Strategy Location: Mumbai Experience: 3 - 5 Years MBA Batch: 2022 & 2023 (Mandatory) Roles and Responsibilities: - Drive Total Rewards, Compensation & Benefits including fixed pay, variable pay, incentives, benefits and special rewards. - Manage annual compensation, merit, promotion, VPay and bonus cycles for large BFSI employee populations. - Design and optimize sales incentives, KPIs and PMS frameworks aligned with business performance and desired behaviours. - Lead career progression, internal mobility and retention initiatives using workforce and compensation analytics. - Conduct salary benchmarking, pay equity and compensation analytics to ensure competitive and consistent pay structures. - Drive HR automation, dashboards and MIS for compensation, incentives, PMS and workforce analytics. - Partner with HRBP, Business, Finance and Payroll for compensation governance, budgeting and accurate payouts. - Ensure compliance with labour laws, statutory requirements and Rewards policies across BFSI operations.