Associate Director, Compensation

1 week ago


Kota Damansara, Malaysia Principal Financial Group Full time

Responsibilities:

At Principal, we invest in what matters. And building talented teams is where it all begins.

We're drawn to people who bring unique perspectives, passion, and expertise to help us advance the financial security and well-being of our customers, transform our growing business, and drive positive change in the communities where we live and work.

When we invest in you, and you invest in us, great things happen.

About the role
Reporting to the Head of Human Resources, you will be acting as an internal consultant on reward management matters. This individual contributor will oversee compensation and benefits policies and programs and their effectiveness for Malaysia and Singapore.

Key Job Responsibilities:

  • Responsible for ensuring that compensation and benefits programs are market competitive, tax effective, compliant with all regulations in effect, and meet local needs.
  • Partner with HR Services team to administer incentive plans and benefit programs for Malaysia and Singapore.
  • Liaise and partner with the country's HR Head, Finance and other departments to advise on compensation and benefits related matters.
  • Participate in various salary/benefit surveys and build close relationships with service providers.
  • Provide training, philosophic context and tools for other HR team members and people managers.
  • Manage annual total compensation cycle on salary increase and incentive award recommendation.
  • Responsible for annual personnel cost budget preparation and monthly forecast.
  • Support in board management, including preparation, minutes and documentation related to Compensation & Benefits.
  • Support other HR projects as needed locally and/or at the regional level.
  • Collaborate with other team members to support and coordinate the development and maintenance of policy, procedure, and standard.

Qualifications:

  • Bachelor's or Master's degree in a related discipline
  • A minimum of 7 to 10 years in Compensation & Benefits/Rewards area and at least 5 years in multinational or Financial Services Industries
  • Experience in incentive plan review/design is preferred
  • Familiar with HR processes and procedures
  • Knowledge and experience in HRIS is an added advantage
  • Good analytical skills in identifying issues and providing solutions
  • Able to consult and influence stakeholders
  • Strong attention to details and high standards of accuracy


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