Senior Manager - Total Rewards

Piramal Pharma Ltd; Mumbai; On-site; INR 3,000,000 - 5,000,000; Full time

Job summary

Piramal Pharma Limited in Mumbai seeks a Senior Manager - Total Rewards to lead benefits governance, global mobility programs, and LTI plans across the organization. The role partners with HR, Finance, Legal, Payroll and external service providers to ensure compliant and efficient Total Rewards operations.

You will oversee ESOP administration, benefits renewals, analytics, and policy development, while guiding a team and driving process improvements.

Qualifications

• Bachelor's degree in HR, Finance, Commerce, or related field.
• Master's degree/MBA preferred.
• CA, Global Mobility, or Compensation & Benefits certifications advantageous.

Responsibilities

• Lead end-to-end administration of employee benefits across units.
• Oversee global mobility programs and immigration/tax compliance.
• Administer end-to-end ESOP plans and governance.
• Provide analytics, benchmarking, and policy development for Total Rewards.
• Collaborate with HR, Finance, Legal, Payroll, Tax and external providers.

Skills

Stakeholder management

Regulatory compliance

ESOP administration

Global mobility

Team leadership

Education

Bachelor's degree in HR/Finance/Commerce/Business Administration

MBA preferred

Certifications: CA/Global Mobility/Compensation & Benefits

Tools

HRIS systems

ESOP administration platforms

Job description

Senior Manager - Total Rewards

The Senior Manager - Total Rewards will be responsible for the administration, governance, and continuous improvement of employee benefits, global mobility programs, and long-term incentive (LTI) plans across the organization. The role ensures operational excellence, regulatory compliance, governance, employee experience, and stakeholder management across domestic and international locations.

The incumbent will partner closely with HR, Finance, Legal, Secretarial, Payroll, Tax, and external service providers to administer employee benefit programs, manage global mobility processes, and oversee the end-to-end administration of ESOP plans. The role also supports Total Rewards strategy through analytics, process improvements, benchmarking, and policy development.

KEY STAKEHOLDERS: INTERNAL

Human Resources, BHRs, Employees, Compliance, Finance, Payroll, Leadership Team

KEY STAKEHOLDERS: EXTERNAL

ESOP Administration vendor, CA, Trust Bank account, Stock Transfer agent, Mobility service providers, Consultants, Insurance Brokers & Benefits Providers, Regulatory Authorities

Reporting Structure

Global Head - Total Rewards

Qualification

• Bachelor's degree in Human Resources, Finance, Commerce, Business Administration or related discipline.
• Master's degree/MBA preferred.
• Professional certifications such as CA, Global Mobility, Compensation & Benefits or related certifications will be an advantage.

Experience

• 8+ years of progressive experience in Benefits, Global Mobility and LTI administration.
• Experience in administering employee stock plans within a listed organization.
• Strong understanding of employee benefits, mobility practices, compensation governance, and reward operations.
• Knowledge of Indian labour laws, taxation, SEBI regulations, Companies Act, FEMA/RBI guidelines, and international mobility compliance.
• Experience working with stock transfer agents, trustees, payroll, finance, and legal teams.
• Exposure to HRIS, Benefits Administration, ESOP administration platforms, and HR analytics.
• Experience managing confidential and sensitive employee information.
• Experience in managing a team, directly or indirectly.

Skills And Competencies

• Liaising: Networking and relationship-building with external stakeholders.
• Communication: Strong written and verbal communication skills for diverse audiences.
• Analytical Thinking: Proficient in risk assessment and problem-solving.
• Technology Proficiency: Familiarity with online ESOP administration tool.
• Timeliness: Adherence to timelines on all transactions.
• Strong governance and compliance orientation
• Attention to detail with strong execution capability
• Data analysis and reporting proficiency
• High level of integrity and confidentiality

Benefits Administration

• Manage end-to-end administration of employee benefits across all business units.
• Administer medical insurance, life insurance, accident insurance, wellness, retirement, and other employee benefit programs.
• Partner with brokers and insurance providers during renewals, negotiations, claims management, and policy enhancements.
• Drive annual benefits enrolment, employee communication, and policy awareness.
• Benchmark market practices and recommend competitive benefit enhancements.
• Monitor benefit utilization, cost optimization, and employee experience metrics.
• Ensure benefit programs comply with statutory and organizational requirements.

Global Mobility

• Understand and streamline the global mobility practices across business and entities.
• Manage mobility processes for international assignments, transfers, secondments, and short-term business travel.
• Understand and support immigration, visa, work permits, relocation, tax, payroll, and social security requirements through internal and external partners.
• Partner with tax consultants to ensure mobility tax compliance and assignment cost management.
• Develop and maintain global mobility policies and governance frameworks.
• Partner with Site HRs for expatriate onboarding, assignment lifecycle management, and repatriation processes.

ESOP Administration

• Administer end-to-end ESOP plan for the organisation, including plan documentation, grants, vesting, exercises, forfeitures, settlements, and reporting.
• Coordinate and support overseas ESOP processes, including PAN application, Demat account opening, remittance documentation, and tax compliance for international employees.
• Maintain accurate records and support annual grant cycles in collaboration with internal and external stakeholders.

ESOP Governance, Employee Communication & Compliance

• Administer ESOP Trust activities, including share allocation, fund management, reconciliations, and record maintenance.
• Develop employee communications, FAQs, training sessions, and provide support for benefits, mobility, and equity-related queries.
• Ensure compliance with applicable regulations, including SEBI, Companies Act, FEMA, RBI, labour laws, and tax requirements, while coordinating regulatory filings and maintaining governance standards.

Finance, Secretarial, Vendor Management & Analytics

• Partner with Finance, Secretarial, Legal, Payroll, and external vendors to ensure accurate accounting, Board and committee approvals, statutory filings, audits, and smooth administration of Total Rewards programs.
• Manage relationships with benefit providers, mobility partners, ESOP administrators, trustees, brokers, and consultants, ensuring service excellence and continuous process improvement.
• Prepare dashboards, reports, and analytics on benefits, mobility, and ESOP plans to support budgeting, compliance, leadership decision-making, and operational efficiency.

This position is crucial for ensuring secure and compliant operations at Piramal Pharma Limited while supporting the organization’s core values of knowledge, action, care, and impact. The incumbent will act as a key enabler for safety, vigilance, and external relationship management across designated locations.