Total Rewards Manager

Ambu A/S is currently looking for a Total Rewards Manager to be based in Penang, Malaysia. You will be part of the People & Culture team in Malaysia, reporting directly to the People & Culture Director. In this role, you will lead the design, implementation, governance, and continuous enhancement of Ambu Malaysia's compensation, benefits, and reward programs. You will act as the subject matter expert for Total Rewards, ensuring our reward framework remains competitive, equitable, compliant, and aligned with Ambu's business objectives and global reward philosophy. This role is based at our Penang Global Hub, supporting a workforce of more than 2,000 employees across Operations, R&D, Shared Services, and Commercial functions. The position is ideal for a highly analytical and commercially minded rewards professional who enjoys translating market insights and workforce data into impactful reward strategies. Key Responsibilities Compensation & Rewards Strategy Partner closely with Global Total Rewards to deploy and localize global reward frameworks, policies, and initiatives. Lead the annual compensation cycle, including salary reviews, promotions, bonus planning, and market adjustments. Develop, review, and maintain salary structures, pay ranges, job grades, and reward governance frameworks. Ensure alignment of compensation practices with business strategy, market competitiveness, and internal equity. Conduct pay equity and compensation analyses, identifying trends and recommending data-driven actions. Market Benchmarking & Job Architecture Lead participation in compensation surveys and benchmark roles against relevant market data. Conduct job evaluations and maintain job grading methodologies to ensure consistency and fairness across the organization. Provide market intelligence and reward insights to business leaders and HR stakeholders. Benefits Management Evaluate, design, and manage employee benefit programs to ensure competitiveness, cost effectiveness, and employee value. Review benefit utilization and cost trends, making recommendations for continuous improvement. Partner with vendors and internal stakeholders to ensure smooth delivery of benefit programs. Analytics, Governance & Compliance Develop reward dashboards, reports, and analytics to support strategic workforce and compensation decisions. Conduct financial modelling, budgeting, and forecasting of compensation and benefits programs. Ensure compliance with local labor legislation, tax regulations, and governance requirements related to compensation and benefits. Monitor emerging compensation, benefits, and reward trends to continuously enhance Ambu's Total Rewards offerings. Process Excellence & Digitalization Drive simplification, automation, and digitalization of Total Rewards processes. Improve data quality, reporting capabilities, and system utilization related to compensation and benefits. Support rewards-related projects, system implementations, and process enhancements. Suggested Candidate Profile Skills and experiences can be gained in different ways. However, you are likely to succeed in this role if you have: Experience 7+ years of progressive experience in Compensation & Benefits, Total Rewards, Reward Consulting, or a similar specialized rewards role. Proven experience managing salary structures, annual compensation reviews, job evaluations, and market benchmarking. Experience designing and administering short-term incentive, bonus, and reward programs. Experience working in multinational organizations with complex workforce structures. Exposure to global Total Rewards frameworks and governance practices is highly preferred. Technical Expertise Strong understanding of compensation principles, job architecture, grading methodologies, and market benchmarking practices. Advanced analytical skills with the ability to interpret large datasets and provide actionable recommendations. Experience with HRIS platforms such as SuccessFactors and strong proficiency in Excel and reward analytics. Knowledge of compensation budgeting, workforce cost modelling, and reward financial planning. Personal Competencies Strong stakeholder management and influencing skills, with the ability to engage leaders at all levels. Data-driven, detail-oriented, and highly analytical. Able to balance strategic thinking with operational execution. Strong project management and continuous improvement mindset. Education Bachelor's degree in Human Resources, Business Administration, Finance, Economics, Statistics, or a related discipline. Professional certifications in Compensation & Benefits, Total Rewards, or HR Analytics would be an advantage.