Associate Director Total Rewards

Razorpay is one of Indias leading full-stack financial technology companies powering the way businesses move manage and grow money. Founded in 2014 by Harshil Mathur and Shashank Kumar with a simple vision to simplify payments for Indian businesses weve since grown into a fintech powerhouse driving Indias digital payment revolution.

Razorpay powers millions of businesses with a smarter scalable stack that goes beyond transactions to help them truly build and grow.

From seamless checkouts to payroll automation across India Singapore and Malaysia weve been engineering a fintech ecosystem thats redefining how money moves across Asia and were just getting started.

Today that ecosystem supports everyone from early-stage startups to some of Indias largest enterprises enabling them to accept process and disburse payments at scale while expanding into new ways of managing money more efficiently.

Our scale speaks volumes: Razorpay processes $180 billion in annualized transactions powering leading businesses like Airbnb Facebook WhatsApp Airtel CRED BookmyShow Zomato Swiggy Lenskart Mirae Asset Capital markets Indian Oil National Pension Scheme and over 100 of Indias unicorns. With strong roots in India and growing operations in Southeast Asia we are shaping the next chapter of financial technology across the region.

We are backed by global investors including GIC Peak XV Partners (formerly Sequoia Capital India & SEA) Tiger Global Ribbit Capital Matrix Partners MasterCard and Salesforce Ventures having raised over $740 million to date. Strategic acquisitions including Ezetap (POS and offline payments) Curlec (Malaysia expansion) BillMe (digital invoicing) and POP (rewards-first UPI) along with earlier moves in fraud prevention payroll and lending have further strengthened our platform and widened our footprint across Asia.

But what truly sets Razorpay apart is our culture. At Razorpay ownership is our oxygen you own what you build with no micromanagement or red tape just the runway to make your ideas fly. Learning is a lifestyle if youre curious youll feel at home here. People > Pedigree we hire for attitude hustle and hunger more than degrees. Transparency thrives over titles this is where interns question CXOs and CXOs say thank you. Guided by our values of Customer First Autonomy & Ownership Agility with Integrity Transparency Challenging the status quo and a strong belief that Razorpay grows with Razors youll be part of a 3000 strong team building not just products but the financial infrastructure of the future.

Role Overview

The Associate Director Total Rewards will lead the governance of Razorpays compensation benefits ESOP and global rewards strategy across India Southeast Asia and US. This role will partner with business and leadership to ensure our rewards strategy is competitive equitable and aligned with business goals.

Key Responsibilities

1. Global Compensation Strategy

• Build and execute a unified global compensation philosophy across India Southeast Asia and the US.
  
  
• Own job architecture leveling compensation bands and internal equity frameworks.
  
  
• Conduct global benchmarking using market surveys across job families.
  
  
• Drive annual/bi-annual compensation cycles including merit corrections and retention programs.
  
  
• Partner with CXOs and Founders on compensation budgeting and financial modeling.
  
  

2. ESOP & Long-Term Incentive Program Ownership

• End-to-end ownership of ESOP design refresh cycles buybacks vesting and liquidity events.
  
  
• Manage ESOP communication awareness grant letters and employee understanding.
  
  
• Build equity strategy scenarios for pre-IPO and post-IPO contexts.
  
  
• Work closely with legal tax and finance teams on plan compliance across geographies.
  
  

3. Incentives Rewards & Recognition

• Design and administer short-term incentive plans annual bonus structures and role-specific variable plans (including sales and tech).
  
  
• Build governance models for performance-linked pay (cash equity).
  
  
• Oversee company-wide rewards & recognition frameworks and digital R&R platforms.
  
  

4. Benefits & Insurance Management (Multi-country)

• Evaluate and manage insurance programs (health life wellness) across countries.
  
  
• Work with brokers and benefit partners to ensure competitive and compliant offerings.
  
  
• Introduce scalable global benefits tied to employee experience and retention.
  
  

5. Compliance Data & Analytics

• Ensure compensation/benefits compliance across India Malaysia Singapore US (potentially other upcoming geographies in SEA region)
  
  
• Provide data-backed insights for leadership decisions cost modeling attrition risk equity dilution pay equity and global benchmarks.
  
  
• Establish strong governance processes for rewards audits approvals and documentation.
  
  

6. Leadership & Stakeholder Management

• Advise founders CFO and senior leaders on global rewards strategy and market competitiveness.
  
  
• Collaborate with HRBPs and Talent Acquisition to ensure reward practices support hiring and retention.
  
  
• Lead Total Rewards charter; drive operational excellence and automation.
  
  

Qualifications & Experience

• 10 years of deep Total Rewards experience with a mix of:
  
  
• high-growth tech product companies
• global compensation & benefits
• ESOP administration
  
  
• Demonstrated experience in pre-IPO and/or post-IPO equity strategy is highly preferred.
  
  
• Hands-on experience working across multiple geographies (India SEA US).
  
  
• Strong analytical financial and modeling skills; comfort partnering with CXOs.
  
  
• Expertise in compensation benchmarking job architecture benefits design and incentive plans.
  
  
• Excellent stakeholder management communication and influencing skills.
  
  
• MBA or postgraduate degree in HR Finance or related field preferred.