We are looking for a Head of Compensation and Budgeting for the Magnit Apteka business format.

Magnit Company is one of the leading retail chains in Russia, a leader in terms of the number of stores and their geographical coverage.

What you will be doing:

Personnel cost budgeting:

• Formation, approval, and control of the budget execution for the MA format
• Development of forecast models taking into account seasonality, opening of new outlets, staff turnover, and hiring plans
• Monitoring deviations (plan-fact analysis), preparing recommendations for management on adjustments

Develop and manage compensation systems:

• Design and update of fixed and variable pay components for all personnel categories
• Setup of KPIs and bonus schemes linked to business results (revenue, plan fulfillment, service quality, staff turnover)
• Development and implementation of non-monetary motivation (social package, benefits, recognition programs)

Manage staffing table:

• Maintenance and control of the staffing table's relevance for the MA format
• Timely coding, entry, and removal of positions
• Approval of staffing table changes with the finance department and business leaders

Control HR administration:

• Control of the accuracy and timeliness of HR records (hires, terminations, transfers, sick leaves, vacations)
• Organization of the process for submitting and approving employee transfer requests
• Approval of job offers for new employees

Work with analytics and reporting:

• Calculation of personnel cost efficiency metrics
• Salary and benefits benchmarking across the market
• Preparation of monthly and quarterly reports for the CFO and Head of HR

Work with regulatory documentation and processes:

• Implementation and control of unified rules for calculating salaries, allowances, and bonuses for all regions
• Participation in the automation of C&B processes (payslips, HR records, reporting, etc.)
• Consulting MA format employees on salary calculation, bonuses, deductions, taxes, and HR procedures
• Resolution of complex/non-standard cases related to compensation and HR procedures in coordination with accounting and legal departments
• Development and maintenance of clear instructions/guides for employees (how salary is calculated, how to process a transfer, what documents are needed)
• Preparation of training programs and communication materials for managers on issues within the area of responsibility

What is important:

• Work experience in C&B departments of large companies (retail food and non-food/FMCG/e-commerce/pharmacy/drugstores/manufacturing with a developed distribution network)
• Experience in leading C&B projects, experience in effective interaction with partner departments
• Excellent knowledge of labor legislation and taxation
• Understanding of salary calculation principles and rules, experience in process optimization projects
• Excellent analytical skills (ability to structure and decompose, form cause-and-effect relationships), ability to work with complex multi-level calculations
• Proficient in MS Excel, PowerPoint
• Experience in developing and implementing bonus systems (variable part) for mass and line personnel
• Understanding of metric calculation: personnel costs, payroll efficiency, etc.
• Ability to prepare a budget from scratch and defend it to financial management
• Successful experience communicating with finance and business – ability to translate HR metrics into the language of budget and P&L

What the company offers:

• Hybrid work format, 5/2 schedule from 9:00 to 18:00 in one of the offices (near Skhodnenskaya metro station or near Savelyovskaya metro station)
• Employment under the Labor Code of the Russian Federation, competitive, fully "white" salary, and guaranteed timely payment
• Voluntary medical insurance (DMS) after the probationary period
• Magnit discount loyalty card, offering a wide range of discounts at partner companies in various sectors
• Employee discounts from PrimeZone: over 6000 beneficial offers for insurance, tourism, and many other areas
• "Dobroservis" employee support program – free consultations with psychologists, lawyers, and financial advisors
• Work in a cohesive team of professionals, where you can not only successfully implement projects but also gain experience and develop
• Participation in interesting projects and expansion of professional expertise
• Opportunities for corporate training, professional and career growth within the Company
• Opportunity to show initiative, propose new solutions and ideas, and take responsibility for their implementation