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Chief Compensation Officer

2 months ago

Kuala Lumpur, Kuala Lumpur, Malaysia Zurich Australian Insurance Ltd. Full time

{"Job Title": "Head of Total Rewards", "Job Summary": "As a key member of the Human Resources team, the Head of Total Rewards will be responsible for developing and implementing Total Rewards strategies, benefits, and performance management initiatives that drive business success. This role requires strong collaboration with global and regional teams, providing international exposure and expertise in compensation and benefits design.", "Key Responsibilities": ["Design and implement competitive compensation frameworks that support strategic objectives and market developments.", "Develop detailed analysis and recommend plan revisions and new plans consistent with total reward trends.", "Ensure appropriate grade and compensation structure, provide analysis and recommendations, and advise on Performance Management and Compensation program design best practices to ensure alignment with the global framework.", "Implement compensation policies and new tools to ensure compliance with regulatory requirements and Zurich Group guidelines.", "Lead the annual performance review cycle and compensation processes with HR Business Partner/s and provide expertise and guidance on compensation matters when required.", "Collaborate with cross-functional teams, business, senior leadership, and global/regional counterparts to drive alignment and support for Total Rewards initiatives.", "Conduct regular market research and benchmarking to ensure our compensation and benefits packages remain competitive in the industry and various international markets.", "Keep abreast of external pay trends, interpret and evaluate market trends to ensure competitive compensation packages and salary reviews, maintaining the balance between human capital budget and talent attraction and retention.", "Promote, educate, and communicate all core Reward principles and practices.", "Ensure compliance with reward-related legislative and regulatory requirements.", "Develop a comprehensive benefits package including flexible programs and partnering with third-party providers, to support attraction and retention.", "Qualifications": ["Bachelor's degree or master's degree preferably in Human Resources, Mathematics, Business, Economics, Statistics, or a related field with ideally 10+ years of relevant experience.", "Prior experience in developing compensation structure and deploying global programs.", "Prior exposure in union college agreements is an added advantage.", "Strategic and analytical thinking combined with pragmatism, diagnostic skills, and hands-on implementation strength in complex Total Rewards topics.", "High energy and initiative with the ability to proactively identify issues, develop solutions, and ensure precise implementations.", "Exceptional communication skills, both written and oral.", "Experience in managing multiple tasks/projects within set timeframes.", "Ability to lead and influence in a matrix environment.", "Solid understanding of remuneration policy and processes, including benchmarking, job evaluation (Hay preferred), salary setting, and management of incentive plans."]}