Lead- HR Operations, Compliance and Governance

Magma General Insurance Limited; Maharashtra; On-site; INR 2,500,000 - 3,500,000; Full time

Job summary

A leading insurance company is seeking a Head of HR Operations, Compliance and Governance. The ideal candidate will have a minimum of 15 years of experience in HR analytics, compensation, and compliance. Responsibilities include designing compensation strategies, managing payroll, and ensuring regulatory compliance. This full-time position is suitable for a mid-senior level professional looking to contribute to a dynamic HR environment.

Qualifications

• Minimum of 15 years of experience in compensation, benefits, compliance, and HR analytics.
• Strong analytical skills with expertise in data visualization tools.
• Knowledge of regulatory frameworks in the insurance sector.

Responsibilities

• Design and implement compensation strategies.
• Ensure accurate payroll processing and compliance.
• Develop HR strategies aligned with business goals.
• Manage HR compliance matters and ensure legal adherence.
• Track performance data and improve systems.

Skills

Analytical skills

Data visualization

HR Operations

Regulatory compliance

Leadership

Education

Bachelor's degree in business, HR, or related field

MBA preferred

Job description

Head - HR Operations, Compliance and Governance

Duties and responsibilities:

Compensation & Benefits

• Design and implement compensation strategies that align with the company's business goals.
• Manage the company's benefits program to ensure competitiveness in the market.
• Design and implement long-term and short-term incentive plans.
• Collaborate with senior management and stakeholders to develop a strategic compensation plan that aligns with the organization's objectives and values.
• Ensure regulatory compliance regarding compensation and benefits.
• Provide advice to management on pay decisions, policy development, and job evaluation.
• Develop a consistent compensation philosophy in line with work culture and organizational objectives.

HR Operations & Payroll

• Ensure accurate and timely processing of payroll for employees ensuring compliance with statutory guidelines.
• Drive HR operations for the organization, ensuring a smooth and efficient service that meets the needs of the business.
• Develop and implement HR strategies and initiatives aligned with the overall business strategy.
• Bridge management and employee relations by addressing demands, grievances, or other issues.
• Nurture a positive working environment by maintaining a keen understanding of overall morale and promoting a company culture that encourages top performance and high morale.
• ESOP computation and implementation.
• Front end any Regulatory requirements.
• Ensuring the Implementation of All HR Policies and Processes.
• Managing Incentive Calculations and Bonuses.

HR Compliance

• Managing All HR Compliance Matters.
• Develop and maintain HR compliance policies and procedures.
• Conduct regular audits of HR processes.
• Ensure adherence to employment laws.
• Investigate and resolve compliance-related complaints or violations.
• Maintain records of compliance activities and reporting.
• Collaborate with legal and risk teams on regulatory updates.

Performance Management

• Track completion rates and analyze performance data.

Improve systems and ensure process consistency.

Specialized skills and competencies

• Bachelor's degree in business, HR, or a related field (MBA preferred).
• Minimum of 15 years of experience in compensation, benefits, compliance, and HR analytics.
• Strong analytical skills with expertise in data visualization tools and techniques.
• Knowledge of regulatory frameworks and compliance standards in the insurance sector.
• HR Operations & Payroll: Payroll accuracy, HRIS, policy implementation, grievance handling.
• Compliance & Governance: Labor law adherence, audits, regulatory reporting, risk collaboration.
• Performance Management: Goal setting, review cycles, calibration, data-driven insights.
• Leadership & Strategy: Stakeholder management, culture building.

Seniority Level

Mid-Senior level

Employment Type

Full-time

Job Function

Human Resources

Industry

Insurance