Compensation Benefits Specialist

Northern Arc Capital; Mumbai; On-site; INR 1,500,000 - 2,300,000; Full time

Job summary

Northern Arc Capital is seeking a Compensation & Benefits (C&B) Specialist/Manager in Mumbai to lead end-to-end compensation and benefits programs. The role focuses on salary benchmarking, benefits design, and HR analytics to support budgeting and workforce planning.

The ideal candidate holds an MBA/PGDM in HR or Finance and has 5–10 years of related experience, with strong analytical and stakeholder-management skills. Knowledge of labor laws and compliance is essential.

Qualifications

• MBA/PGDM in HR, Finance, or a related field.
• 5–10 years of experience in compensation & benefits, rewards or HR analytics.
• Knowledge of salary benchmarking, benefits administration, and labor laws.

Responsibilities

• Manage end-to-end compensation and benefits processes.
• Conduct salary benchmarking and market compensation analysis.
• Support annual compensation reviews, salary revisions, promotions, and bonus cycles.
• Design and administer employee benefits programs, including insurance, PF, gratuity, and other welfare schemes.
• Analyze compensation data and provide insights to leadership for decision‑making.
• Ensure compliance with statutory requirements and company policies.
• Partner with HRBP, Talent Acquisition, and Finance teams on compensation‑related matters.
• Prepare and maintain HR dashboards, reports, and MIS related to compensation and benefits.
• Support budgeting, workforce planning, and headcount analysis.
• Drive process improvements and automation initiatives within the C&B function.

Skills

C&B management

Salary benchmarking

HR analytics

Stakeholder management

Statutory compliance

Education

MBA/PGDM in HR or Finance

Tools

HRMS

Excel

Job description

Job Title: Compensation & Benefits (C&B) Specialist / Manager

Experience: 5-10 Years

Job Description

We are looking for an experienced Compensation & Benefits (C&B) professional to join our HR team. The ideal candidate will be responsible for managing compensation structures, employee benefits programs, salary benchmarking, HR analytics, and ensuring compliance with organizational policies.

Key Responsibilities

• Manage end-to-end compensation and benefits processes.
• Conduct salary benchmarking and market compensation analysis.
• Support annual compensation reviews, salary revisions, promotions, and bonus cycles.
• Design and administer employee benefits programs, including insurance, PF, gratuity, and other welfare schemes.
• Analyze compensation data and provide insights to leadership for decision‑making.
• Ensure compliance with statutory requirements and company policies.
• Partner with HRBP, Talent Acquisition, and Finance teams on compensation‑related matters.
• Prepare and maintain HR dashboards, reports, and MIS related to compensation and benefits.
• Support budgeting, workforce planning, and headcount analysis.
• Drive process improvements and automation initiatives within the C&B function.

Required Skills & Qualifications

• MBA/PGDM in HR, Finance, or a related field.
• 5-10 years of relevant experience in Compensation & Benefits, Rewards, or HR Analytics.
• Strong understanding of compensation structures, salary benchmarking, and benefits administration.
• Experience working with HRMS and advanced Excel.
• Strong analytical, problem‑solving, and stakeholder management skills.
• Knowledge of labor laws, PF, gratuity, and statutory compliance.
• Experience in the BFSI/Financial Services sector will be preferred.

Shortlisted candidates will be contacted for further discussions.