Compensation & Benefits Specialist, India & South Africa

Working in Global HR at Munich Re for Reinsurance & Specialty Group means being part of a dynamic, globally connected team that plays a critical role in shaping the future of our organization. As an HR professional, you contribute to the success of our business by supporting people strategies that drive transformation, foster collaboration, and enable sustainable growth. Our Global HR function is evolving to meet the needs of a fast-changing world. We operate in a connected, collaborative, and forward-thinking Global HR matrix community that values empathy, initiative, and a global mindsetwhere every team member plays a role in delivering effective services and solutions and creating meaningful impact. Whether your focus is talent, rewards, analytics, business partnering, services, or any other area of HR, you will work across regions and functions to co-create solutions that support our people and business. You will be empowered to collaborate, innovate, and growcontributing to a culture that values diversity, continuous learning, and shared success. Join us in building the future of Global HR. Based in India, the Compensation & Benefits Specialist, will be responsible for implementing Munich Res rewards strategy in the India & South Africa businesses. Reporting into the Head of Rewards APAC MEA, you will be the subject matter expert in rewards, ensuring competitiveness, compliance, and alignment with our strategic initiatives. You will also partner with the Corporate teams and across regions and functions, on a wide range of project and initiatives. Your Role: Manage the annual compensation process cycle, including annual salary review and bonus processes.Ensure effective management of benefits program, salary benchmarking, master data management and other C&B tasksConstruct reward packages for international moves and localizations while working closely with the Global Mobility teamSupport/Conduct employees communication sessions pertaining to rewards initiativesLeverage SuccessFactors to streamline processes and extract data to story tell to the wider business. Act as the HR SME for SuccessFactors related queries from both the business and other HR colleaguesSupport and contribute to key projects such as SuccessFactors implementation, where appropriateSupport audits and prepare documentation for regulatory inspections or internal reviews.Identify improvement from existing HR procedures and practices, and provide solutions to continuously optimize the operational processEnsure compliance with India, South Africa and regional labour laws, tax regulations, and corporate governance policies related to compensation and benefitsUtilize data-driven insights to optimize reward structures, balancing cost efficiency with employee valueClosely collaborate with the Global Payroll team to ensure integrated and seamless processes between payroll and rewards and assist the Payroll Specialist in payroll related matters, and act as payroll checker for monthly payroll Your Profile 5+ years experience working in Rewards and HR operations. Experience in an insurance or financial services company is a plus.Familiar with SuccessFactors and data analytics toolsStrong problem solving and critical thinking skillsComfortable to work with ambiguity and empowermentDetail-oriented, well-organised and able to manage multiple tasks efficientlyGood communication and stakeholder management skillsEnthusiastic team player with a positive work attitude, able to work in a fast-paced environmentFast learner with an open mindHigh level of integrity and discretion in handling confidential information and working with stakeholders .