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.