Senior Vice President – Compensation & Benefits

Role Overview

Senior Vice President – Compensation & Benefits at Fa Ewnp Saasfaprod1.

Role Purpose

Serve as custodian of group compensation and benefits structures, ensuring alignment with organizational strategy, competitive market positioning, and regulatory compliance. Own the design, implementation, and management of compensation programs, incentive structures, and employee benefits while providing strategic guidance to senior leadership on all compensation-related matters.

Key Responsibilities

Core Compensation Strategy

• Develop and execute a comprehensive compensation and benefits strategy aligned with the organization's strategic goals and objectives.
• Manage the group compensation and benefits structure, changes and amendments as per the DOA.
• Lead the design, implementation, and management of compensation programs.
• Conduct market research and analysis to ensure compensation and benefits programs remain competitive and cost-effective.
• Stay informed about industry trends, benchmarks, and emerging practices in compensation and benefits.
• Assess competitive advantage concerning the peer group within the organization and conduct periodic benchmarks around the pay philosophy.
• Provide strategic guidance and recommendations to senior leadership on compensation-related matters, including salary structures, pay equity, incentive plans, and executive compensation.

Equity and Job Evaluation

• Provide internal equity analysis to TA vertical for new candidates based on internal practice lines.
• Assess JE scores for unique roles and ensure alignment with the compensation and benefits structure.

Incentive Structures

• Manage the LTI and STI structures and ensure proper grip over shares liquidation as per policy.
• Oversight on actioning the STIs, LTIs, and Rewards program outcomes.
• Coordinate the liquidation process of vests and link with employee payouts, exits and enrollments.

Rewards Management

• Lead the annual rewards cycle across the group as per corporate policy.
• Develop and announce the process and guidelines and conduct awareness sessions for CXOs.
• Review submissions of rewards nominations and discuss forced distribution and budget allocations with GCEO and CPCO.
• Ensure internal equity of rewards, increments, and progression across the group for fair distribution.

Benefits Administration

• Review and manage employee relations processes to ensure accurate HR service regarding leave, health, insurance policies, and terminations as per labor law requirements and guidelines.
• Identify benefits-related policy enhancement areas and recommend to CPCO inclusion of new benefits as per local, regional, and global trends.
• Communicate with third-party services to negotiate benefit plans and resolve benefit-related issues.

Financial Management

• Oversee the budgeting cycle for staff costs and benefits.
• Analyze actual spend vs. budget, identify variations, and propose enhancements on next budgeting cycle.

Qualifications & Experience

• Minimum 12+ years of experience in Compensation & Benefits.
• Minimum 4+ years in a managerial position.
• Background in consulting, with real-estate experience preferred.
• Bachelor's degree in engineering, business management, or human resources.

Skills & Competencies

• Proven track record in implementation of Compensation & Benefits initiatives.
• Excellent analytical skills and proficiency in MS Excel.
• Excellent financial skills and data analysis capabilities.
• Excellent knowledge of Compensation & Benefits best practices.
• Strong conflict resolution, communication, interpersonal, and presentation skills.
• Understanding of the impact of organizational culture on engagement and performance.