Job Title: Head – Rewards & Performance

Location: Mumbai (Goregaon East)

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Role Overview

The Head – Rewards & Performance will own the end-to-end design and execution of compensation, benefits, performance management, and incentive structures. The role requires strong analytical ability, deep understanding of regulatory-driven compensation frameworks (life insurance), and hands-on execution across HR tech systems, payroll governance, and rewards strategy.

This is a high-ownership IC role with exposure to leadership decision-making and direct impact on scaling HR processes.

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Key Responsibilities

1. Total Rewards Strategy

• Design and implement compensation and benefits philosophy aligned with business strategy
• Develop competitive and scalable rewards structures for a growing insurance organization
• Benchmark compensation against top insurance and digital insurance players

2. Performance Management

• Own the performance management lifecycle (goal setting, mid-year, annual cycles)
• Design performance frameworks aligned with incentives and business outcomes
• Ensure integration of performance with rewards and variable pay

3. Incentive & Variable Pay Design

• Build and manage sales/branch incentive plans and performance-linked payouts
• Ensure regulatory compliance for life insurance compensation structures
• Drive effectiveness of incentive schemes across roles and regions

4. Payroll & Governance

• Oversee payroll approvals and compensation governance
• Ensure confidentiality and accuracy in payroll processing and audits
• Manage compliance with statutory and industry regulations

5. HR Technology (SuccessFactors / HR Tech Stack)

• Lead configuration and optimization of SuccessFactors modules (Performance, Compensation, etc.)
• Drive digitization and automation of rewards processes
• Partner with HR Tech teams for system enhancements

6. Policy & Compliance

• Develop global/local compensation policies as required
• Ensure adherence to regulatory norms in life insurance industry
• Support audit and compliance requirements

7. Stakeholder Management

• Partner closely with CHRO, CFO, and business leaders
• Provide insights on compensation trends, cost impact, and workforce planning
• Act as a trusted advisor for rewards-related decisions

8. Team Management

• Guide and develop 1 direct report (supporting rewards operations)
• Collaborate with existing HR ops and C&B team (4 members)

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Key Requirements

• 8–10 years of experience in Compensation & Benefits / Total Rewards

• Strong exposure to performance management and incentive design

• Experience in life insurance preferred

• Strong numerical and analytical skills

• Hands-on experience with HR systems (preferably SuccessFactors)

• High integrity and ability to manage confidential information

• Ability to work in a fast-scaling, high-accountability environment
  
  Experience

  Candidates should have 8-10 years of relevant experience, ideally in life insurance company.