Compensation and Benefits-Operations Manager

About HDFC Bank

HDFC offers many products and services to its customers, including commercial banking, retail banking, investment banking, wealth management, and insurance. The company also has its credit card, home loan, and auto loan schemes.

HDFC has more than 1,300 branches across India and many other countries. The company employs more than 15000 employees worldwide. HDFC is India's largest mortgage lender, insurance provider, and one of the country's largest non-bank financial services companies.

Your role

• Housing Loan & Vehicle Loan Responsible for Scrutinizing, raising discrepancies or pendency (if any) to employees before going for legal check and disbursement procedures of Staff housing loans.
• Responsible for Scrutinizing, raising discrepancies or pendency if any to employees before disbursement procedures of Staff Vehicle loans Insurance cover for all Staff Housing loans from employees to be conducted every month with insurance provider ie Group term insurance separately.
• Additional Staff Housing loan Responsible for Scrutinizing Additional Staff Housing loan applications.
• Checking for process adherence for processing of Additional Staff HL.
• Closure of staff Housing Loan & Vehicle Loans Responsible for providing NOC and Original Property documents to employees after the loan is settled by the PAD team.
• Responsible for providing NOC and Form 35 to employees after the Vehicle loan is closed by the PAD team.
• (Form 35 is provided for change of hypothecation to RTO).
• Post Disbursement Documents ( Housing loan ) Listing of each post disbursement docs in the tracker and HR System.
• Dispatching all the post-disbursement docs to the RA ops team every month.
• Letters Responsible for issuing the following letters: CEFA Letter for sanctioning loan in HDFC Ltd under pari passu.
• Foreclosure Letter for Staff Housing loan Request letter to Builder/Society to issue NOC to Mortgage letter Request letter to Society for handing over share certificate to Employees Authority letter to Builder to hand over registered docs to employees & further submit docs in the custody.
• Request from the employee towards Income tax officials for sharing staff housing loan details for financial yea Loan Sanction letter ( Optional) Hypothecation Letter / NOC for Termination Lien Removal Letter Loss of RC Book letter MIS Preparing Month-wise, Quarterly & Yearly MIS for Staff Loans
• Preparing Month wise Insurance data towards staff housing loan cover Sending Annexures provided by the insurance service provider(HDFC Life) to PAD team for deduction/Addition towards insurance premium from employees' salary
• Preparing MIS for different Verticals on Staff Loan benefit utilized by employees as per request.
• Bank Lease / Self Lease / Company Lease: Checking Eligibility and process requirements for Bank lease and Self Lease.
• Taking approvals from the Functional head for every new case and renewals of various properties of employees on lease.
• Staff Housing loan Paperless project UAT for Staff Housing loan Utility Making concept note for Staff Housing loan on policies & procedures of various departments involved in utility from all stakeholders.
• Rewards & Recognition Taking all nominations across pan India from HRBPs on monthly basis and sending them for printing certificates and thereafter releasing them to the Pad team for payout.
• Preparing monthly MIS on disbursement of respective awards and publishing it in HR Board Before disbursement preparing the file and sending it for ER Check and thereafter informing HR RSM on ER case if any to stop or process the award based on Vertical Heads approval.
• PMS Process Independently managing adherence of Annual Appraisal and Midyear evaluation process online in SAP Handling all queries of all employees in regards to SAP and Eligibility-related queries during the process.

Training, development & rotations

• The trick in managing a successful program is to do “more with less”. So impacting more employees effectively, without spending too much is the answer to successful training.
• The Bank has built a strong training infrastructure, which seeks to upgrade skill levels across grades and functions through a combination of in-house and external programs.
• The key to an effective training function is active participation by all stakeholders, including learning managers, HR managers, and learner‘s managers.
• Senior leaders are actively engaged at every stage, right from need identification, to conceptualizing the training programs...and while conducting sessions.
• At HDFC Bank - with its induction, onboarding, and behavioural training programs like service excellence and leadership programs for various levels — employees are mapped to a training manager and the learning graph of all employees is tracked with updates available through the intranet.

Compensation & benefits

The Operations Manager salaries at HDFC Bank can range from INR 3,00,000 - INR 5,00,000 per year. (Source: glassdoor)

Benefits:

• Tuition reimbursement for on-the-job training
• Employee assistance program
• Employee referral bonus
• Health and dental plans
• Paid vacation, holidays, and bereavement leave

Work-life balance

HDFC offers you paid vacation and holidays which gives you a reasonable work-life balance. Work days are usually from Monday to Saturday with alternate Saturdays off. They have strict work timings.

Culture & vibe

• The HDFC Company is very casual.
• The employees are relaxed and friendly.
• The work environment is challenging and healthy competitive, and the career path is clear and transparent.

About you

Skills/work experience:

• Functional knowledge
• Data Preparation
• Communication skills
• MS Excel
• Experience: 0 - 1 year

How to apply

To apply for this role, just click on the "Apply on employer site" button below, which navigates to the career page where the application can be submitted directly.