Senior Vice President – Compensation & Benefits

JOB DESCRIPTION: JOB PURPOSE

• Custodian of group compensation and benefits structures, changes and amendments as per the DOA
• Conduct periodic benchmarks around the pay philosophy, assess competitive advantage in relation to the peer group.
• Manage the STI and LTI structures and Programs, ensure proper grip over shares liquidation as per the LTI policy.
• Review and manage employee relations processes to ensure an accurate HR service regarding leave, health, insurance policies, and terminations as per the labor law
• requirements and guidelines.

ROLES AND RESPONSIBILITIES

Core Compensation and Rewards:

• Develop and execute a comprehensive compensation and benefits strategy aligned with the organization's strategic goals and objectives.
• Manage the group compensation and benefits structure, changes and amendments as per the DOA.
• Lead the design, implementation, and management of the compensation programs.
• Conduct market research and analysis to ensure Aldar compensation and benefits programs remain competitive and cost-effective. Stay informed about industry trends, benchmarks, and emerging practices in compensation and benefits.
• Assess competitive advantage concerning the peer group within the organization as well as conduct periodic benchmarks around the pay philosophy.
• Provide strategic guidance and recommendations to senior leadership on compensation-related matters, including salary structures, pay equity, incentive plans, and executive compensation.
• Provide internal equity analysis to TA vertical for new candidates based on internal practice lines.
• Assess JE scores for unique roles and ensure alignment with the compensation and benefits structure.
• Manage the LTI and STI structures and ensure proper grip over shares liquidation as per the policy.

Rewards:

• Lead the annual rewards cycle across the group as per the corporate policy; develop and announce the process and guidelines and conduct awareness sessions for CXOs.
• Review submissions of rewards nominations, discuss forced distribution and budget allocations with GCEO and CPCO.
• Ensure internal equity of rewards/increments/progression across the group for fair distribution.
• Oversight on actioning the STIs, LTIs, Rewards program outcomes, coordinate the liquidation process of vests and link with employee(s) payouts, exits and enrollments.
• Identify benefits related policy enhancement areas and recommend to CPCO inclusion of new benefits as per local / regional / global trends.
• Communicating with third-party services to negotiate benefit plans and resolve benefit-related issues.
• Oversee the budgeting cycle for staff costs, benefits, and analyze actual spend vs. budget, identify variations, and propose enhancements on next budgeting cycle.

QUALIFICATION AND EXPERIENCE

RELATED YEAR OF EXPERIENCE:

• Min of 12+ years of experience in Compensation & Benefits.

YOE IN MANAGERIAL POSITION:

• Min of 4+ years of managerial experience

FIELD OF EXPERIENCE :

• Consulting, with real-estate background preferred.

TECHNICAL AND INTERPERSONAL SKILLS

• Proven track record in implementation of C&B initiatives
• Excellent analytical skills, excellent MS Excel
• Excellent financial skills and analysis of data
• Excellent knowledge of C&B best practices
• Good conflict resolution skills, communication, interpersonal and presentation skills
• Strong analytical skills
• Understanding of the impact of organizational culture on engagement and performance

QUALIFICATION

• Bachelor’s degree in engineering, business management or human resources