Chief Manager - PMS & Compensation

Tata AIG General Insurance Company Limited is a joint venture between Tata Group and American International Group (AIG). Since its set-up in 2001, the Company has grown strongly to emerge as the preferred private general insurance company in India with several pioneering firsts to its credit. Driven by a mission to create better tomorrows for Customers by delivering trustworthy and innovative risk solutions, Tata AIG's broad portfolio of protection covers are backed by years of professional expertise in product offerings, exceptional service capabilities and seamless claims process management.

We are currently seeking passionate individuals who are eager to make a meaningful impact in the world of insurance. If you're looking for a rewarding career that combines cutting-edge technology, customer-centric solutions, and a commitment to excellence, you have come to the right place. Explore our exciting opportunity below and be part of an organization that is shaping the future of insurance.

Job Title: Chief Manager - PMS & Compensation

Location: Goregaon, Mumbai

Job Description:

POSITION OVERVIEW

As the PMS & Compensation Lead, you will be responsible for leading and managing the performance management and compensation functions within the organization. This role involves developing and implementing performance management systems, overseeing compensation strategies, and ensuring alignment with organizational goals.

ROLE AND RESPONSIBILITIES

• Design, implement, and manage the performance management system to ensure alignment with organizational goals and best practices.
• Develop and administer performance evaluation processes, including goal setting, mid-year reviews, and annual appraisals.
• Oversee the annual appraisal cycle and drive closure within defined timelines
• Manage the promotion process, ensuring it is fair, transparent, and aligned with performance outcomes and career development plans
• Develop and execute compensation strategies and programs to ensure competitive and equitable compensation practices.
• Oversee salary reviews, compensation benchmarking, and the development of compensation structures.
• Manage design & implementation of compensation-related processes, including incentive programs, bonuses, and merit increases.
• Prepare and present required data for Nomination and Remuneration Committee Board Meetings
• Ensure that performance management and compensation policies comply with legal and regulatory requirements.
• Analyze performance and compensation data to provide insights and recommendations to senior leadership.
• Collaborate with senior management to align performance and compensation strategies with business objectives.

Education & Experience requirements

• MBA degree in Human Resources, Business Administration, or a related field
• Minimum of 5 years of experience, with at least 2 years in performance & compensation roles

Preferred Skills

• Advanced skills in MS Excel
• Strong leadership and team management skills, with the ability to influence and drive change.

Advanced analytical skills with experience in performance and compensation data analysis.

How to Apply:

If you are excited to be part of a team dedicated to innovation and excellence, please submit your resume. We look forward to reviewing your application and welcoming you to Tata AIG, where your skills and ambitions can thrive.

Tata AIG is an equal opportunity employer, and we encourage candidates from all backgrounds to apply for this role.