Total Rewards Lead - Indonesia

Manulife/John Hancock; Jakarta Pusat; Hybrid; IDR 900,000,000 - 1,300,000,000; Full time

Benefits offered by this job

Hybrid work arrangement

Job summary

Manulife/John Hancock is seeking a senior Rewards practitioner to maintain competitive compensation, benefits, and pension programs in Indonesia. The role focuses on market benchmarking, regulatory alignment, and governance across local and global rewards projects, with extensive collaboration with HRPs and leadership.

You will lead annual and mid-year reviews, manage data integrity, budget forecasting, and vendor negotiations, while ensuring compliant, market-driven rewards strategies aligned

Qualifications

• At least 10 years of rewards experience in a large multinational financial services or insurance organization.
• Strong knowledge of tax and employment law affecting rewards programs and compliance.
• Experience with vendor management and benefits programs, including negotiating renewals.

Responsibilities

• Lead end-to-end annual and mid-year compensation review activities at local level, including guidelines and market data.
• Ensure data integrity audits, pool management, in-cycle audits, and country reporting.
• Prepare benefits budget/forecasts for financial reporting and review vendor contracts for optimizations.
• Act as local SME on rewards, advising HRPs and engaging leadership for consensus.

Skills

Rewards management

Workday and rewards surveys

Analytical skills

Negotiation

Stakeholder management

Education

Bachelor's degree in Finance/HR/Statistics

Tools

Workday

Job description

Responsibilites :Maintain the competitiveness and regulatory compliance of our compensation, benefit, and pension programs by proactively monitoring, analyzing, and identifying gaps to market/regulations, and recommend practical and innovative solutions to drive our competitive positioning.Keep abreast of the latest market and regulatory developments, maintain a strong network of industry contacts and participate in relevant third-party reward surveys to gather quality data and market intelligence for benchmarking.Drive and deliver end-to-end annual and mid-year compensation review activities at the local level, including the provision of compensation guidelines, gap to the market report, data integrity audit, pool management, in-cycle recommendation audits, country reporting, manual adjustments, and issuance of letters.Gather information related to compensation, benefit, and pension costs for global and local board reporting. Prepare benefits budget and forecasts for financial reporting.Review benefits vendor and insurance contracts; negotiate renewals for the company, including reviewing benefits administration SLA reports and identify areas of improvement.Develop pulse surveys to gather employee feedback on benefit programs.Analyse and synthesize the findings, and recommend enhancements to improve employee satisfaction, within budget and cost trajectory.Be an advisor to HRPs as the local subject matter expert on Rewards matters. Collaborate with HRPs to engage and get consensus from the local leadership team and key partners.Lead local rewards projects and participate in global projects as well as a bridge between regional practices and local market norms / regulatory requirements.Requirement :A minimum of 10 years relevant business experience as a Rewards practitioner in large, multinational insurance or other financial services organizations.University degree or equivalent work experience. Degree in Finance, Accounting, Human Resources, or Statistics field, preferred.Consulting experience would be an asset.Solid understanding of Workday and WTW surveys and job evaluation methodology.Knowledge of legal and regulatory regimes, specifically, tax and employment law, compensation and benefits regulation, and how they impact rewards programs.A seasoned technical specialist, with expertise in direct compensation, incentive plans, and, group insurance and retirement benefits. Demonstrated ability to develop large-scale and department-specific compensation and incentive programs.Excellent English written and verbal presentation skills in presenting to senior executives. The ability to synthesize technical material into easily understood language.Meticulous and numbers-sensitive, but able to think conceptually and exercise flexibility and judgment in assessing business issues in a constantly evolving dynamic environment.Cultural awareness and sensitivity to local customs, practices, and ways of doing business.Excellent consulting, listening, influencing, and negotiating skills. Ability to build relationships, act as a trusted advisor to all levels within the organization, impact and influence the direction of the organization and individuals.Excellent analytical skills, project management, and vendor management experienceGreat teammate who can easily handle shifting priorities.When you join our team:We’ll empower you to learn and grow the career you want.We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.As part of our global team, we’ll support you in shaping the future you want to see.About Manulife and John HancockManulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html .Manulife is an Equal Opportunity EmployerAt Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail] .Working ArrangementHybrid