Manager - Compensation & Benefits

Job Description

About us: Navi is one of the fastest-growing financial services companies in India providing Personal & Home Loans, UPI, Insurance, Mutual Funds, and Gold. Navi's mission is to deliver digital-first financial products that are simple, accessible, and affordable. Drawing on our in-house AI/ML capabilities, technology, and product expertise, Navi is dedicated to building delightful customer experiences. Ignite the Spirit of a “Navi_ite” Imagine being at thåe heart of India’s fastest-growing financial services company, where every day brings the opportunity to redefine how millions manage their money. Navi is transforming the landscape with Personal and Home Loans, UPI, Insurance, Mutual Funds, and Gold—delivering innovation that makes financial products simpler, more accessible, and truly affordable. With our cutting-edge AI/ML technology and deep expertise, we’re not just setting new standards; we're creating experiences that delight and inspire. This is your chance to be part of something extraordinary. At Navi, you won’t just be advancing your career; you’ll be leading a revolution in finance. Join us and discover how it feels to be at the forefront of this. Founders: Sachin Bansal & Ankit Agarwal Responsibilities : Compensation Strategy and Governance Develop and implement a comprehensive compensation strategy that aligns with business objectives and talent priorities. Oversee the design, review, and execution of salary structures, incentive programs, and ESOPs, ensuring internal equity and external competitiveness. Define and maintain pay philosophy and governance frameworks, ensuring consistency across levels, functions, and locations. Conduct market benchmarking and compensation surveys to provide insights that inform pay decisions. Ensure compliance with local labor laws, tax regulations, and governance standards related to compensation and benefits. Partner closely with the Talent Acquisition team to drive compensation fitments for new hires, ensuring internal and external pay parity across the organization Facilitate internal talent movements across entities and teams, ensuring equitable pay transitions and alignment with compensation philosophy Partner with external vendors and industry networks to benchmark and enhance employee benefits offerings (GMC, GPA, GTL, wellness programs, etc.). Compensation Administration and Communication Develop compensation scenarios for salary increments and variable pay, ensuring alignment with budgets, business strategy, and market benchmarks. Lead the annual and mid-year compensation review processes, including merit increases, promotions, and bonus payouts. Present organization-wide compensation analysis and gap reports, incorporating comparator baskets and industry insights. Evaluate and optimize total rewards programs, including allowances, incentives, and long-term benefits, to improve employee satisfaction and retention. Provide compensation training to HR business partners, managers, and leadership teams on pay philosophy, merit processes, bonuses, and other rewards programs What we are looking for : MBA / PGDBM (Preferably in Human Resources) 5-7 years of experience in the field of HR (With at least 4 years of Core Compensation Design and Administration experience) Proficient in independently conducting market benchmarking exercises with external vendors Strong Analytical Skills: Ability to analyze data, think logically, and comfortable working with numbers and statistics Excellent Communication Skills: Both written and oral, with the ability to collaborate effectively with stakeholders from diverse backgrounds Maturity and Conflict Resolution: Ability to handle conflict resolution and engage in tough conversations. High Integrity and Ownership: Demonstrates a strong sense of integrity and takes ownership of responsibilities. Innovative Thinking: Ability to think outside the box and address unstructured problem statements confidently. Proficient in MS Office suite and google sheets. What is awaiting you at Navi? Unyielding Perseverance, Boundless Passion, Unwavering Commitment: Are you ready to channel your relentless drive into something truly transformative? As a Navi_ite, you will embody the essence of perseverance and passion, pushing boundaries and redefining what’s possible. As a Navi_ite, you’ll be at the forefront of our mission, taking on responsibilities that challenge you and push the limits of what you thought possible. Relentless Pursuit of Unmatched Excellence: Imagine a place where your quest for excellence knows no bounds. At Navi, we don’t just set high standards; we live them. At Navi, we believe in delivering exceptional results and creating real value. You will have the opportunity to tackle projects with precision and pride, setting standards and achieving outcomes that make a tangible difference. Your ability to manage tasks effectively and maintain high standards will be key to our shared success. Unbreakable Resilience and Agility: Visualize yourself thriving in an environment where change is not a barrier but a catalyst for your growth. As a Navi_ite, you’ll turn every challenge into an opportunity with your unparalleled resilience and adaptability. Your adaptability will be essential as you navigate evolving situations, contributing to both your personal development and the team’s achievements. Joining Navi means stepping into a role where your perseverance, pursuit of excellence, and resilience are not just valued—they are celebrated. If you’re ready to leave a legacy of impact and innovation. The journey starts here. Embrace this chance to be a part of something extraordinary and let your potential shine. Your future as a Navi_ite awaits. Show more Show less