Compensation & Benefits Specialist, India & South Africa
Core
Implement Munich Re's rewards strategy for India & South Africa businesses, managing compensation cycles, benefits programs, and salary benchmarking.
Role type
Compensation & Benefits Specialist
Builds
Reward packages for international moves and localizations
Domain
Insurance / Reinsurance
Required skills
Annual compensation process management, Benefits program management, Salary benchmarking, Master data management, SuccessFactors proficiency, Data analytics, Regulatory compliance (India/South Africa), Payroll integration
Preferred skills
Financial services experience, Global mobility knowledge, Stakeholder management
Technologies
SuccessFactors
Responsibilities
Manage annual compensation process cycle including salary review and bonus processes, Ensure effective management of benefits program and salary benchmarking, Construct reward packages for international moves, Support employee communication sessions on rewards, Leverage SuccessFactors to streamline processes and extract data, Support audits and prepare documentation for regulatory inspections, Identify improvements in HR procedures, Ensure compliance with local labour laws and tax regulations, Collaborate with Global Payroll team for integrated processes
Seniority
Mid-Senior, hands-on IC
