As part of the Group Rewards function, this role will be heavily involved in designing and maintaining Performance, Compensation, and Benefits policies/ frameworks for the Great Eastern Group.
Key Responsibilities
- You will be heavily involved in the execution of the Annual Performance Management and Compensation Review exercise as well as supporting the team in data mining and analysis. Specific job tasks may include: Managing the consolidation, extraction and analysis of data points for budgeting, compensation and performance review to facilitate the annual performance management as well as compensation review across the Group
- Preparation of reports for Senior Management and Remuneration Committee as well as managing other regular compensation and performance reporting
- Provide support in managing the annual cycle timelines and communications with stakeholders.
- Provide performance, compensation and benefits related guidance to Rewards colleagues in other countries where Great Eastern operates
- You will be involved in making recommendations, providing data support and analytics to the Rewards Head in making informed decisions on the design of relevant policies/ frameworks relating to performance, compensation and benefits. Specific job tasks may include:
- Reviewing compensation survey proposals which are outside the approved parameters, escalated by the Talent Acquisition team
- Reviewing ad-hoc off-cycle salary review requests for incumbents due to re-designation, etc.
- Reviewing and analyzing role allowance schemes for specific group of employees
- Providing recommendations on surveys to participate in, managing contracts, budgets and agreements and completing the necessary data submission/ validations/ reports compilation and analysis
- Reviewing and analyzing findings from compensation surveys and assisting in developing appropriate strategies to drive organizational behaviors
- Reviewing and guiding junior team members on market or industry surveys, reviewing and performing trends and benchmarking analysis
- Reviewing employee benefits and propose solutions to drive employee behavior and support business goals
- Providing insights into the administration of Performance and Benefits programs through system design.
- You will be involved in reviewing Union Collective Agreement and Performance, Compensation and Benefits policies and guidelines and drafting recommendation papers for changes in these areas.
- You will be monitoring and managing administration of international assignees compensation and benefits related matters, such as overseas assignment package review and tax.
- You may also be involved in Rewards related and Group/Corporate wide projects on an ad-hoc basis as part of career development and exposure.
- A good analytical and inquisitive mind, meticulous and detailed
- 6 to 10 years experience in Performance, Compensation & Benefit roles, preferably with listed companies
- Experience in reviewing and recommending Compensation & Benefits Policies
- Excellent ability to work with large data sets on Excel and data analysis
- Mature and able to handle/ manage highly sensitive and confidential information
- Confidence in interacting with and managing senior stakeholders requests
- Ability to work within multiple competing priorities and intense timelines
How You Succeed
- Champion and embody our Core Values in everyday tasks and interactions.
- Demonstrate high level of integrity and accountability.
- Take initiative to drive improvements and embrace change.
- Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
- Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.
Who We Are
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
To All Recruitment Agencies
Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
Work Locations
SG-GE Centre
Job
Human Capital
