Summary
Date Posted: Friday, September 16, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Manager, Compensation and Benefits

Reporting to the Head, Resourcing, and Reward, the Manager, Compensation and Benefits will be responsible for implementing the Bank’s Reward and benefits strategy and programs. The ideal role holder will be responsible for overseeing the administration of staff loans, payroll/ reward management, administration of all cash benefits, HR budgets, and staff recognition.

Key Responsibilities
• Implement and manage the Bank’s payroll/reward strategy and process effectively
• Ensure effective HR budget preparation, monitoring, and reporting.
• Design and recommend improvements to the benefit programs by examining possible plan designs and benefits.
• Maintain all relevant staff benefits files and records.
• Monitor administrative costs of benefit programs and recommend cost containment strategies.
• Administration of the Bank’s loan program in accordance with the Bank’s policies and procedures.
• Manage and implement the Bank-wide staff recognition program in accordance with the Bank’s policies and guidelines.
• Periodically conduct surveys on the industry trends in reward and benefits to assess the Bank’s position and advise the bank's Senior Management.
• Evaluate and report on the effectiveness of employee benefit programs.

Role Specifications
• A Bachelor’s degree in Human Resources Management, Business Administration, or equivalent qualification from a recognised institution.
• A Master’s degree in Human Resource Management/Development, Business Administration (Human ResourceManagement), Organisational Management, or equivalent qualification from a recognized institution.
• CHRP Certification, Higher Diploma in HR Management, or a similar HR qualification.
• Full membership to the Institute of Human Resource Management (IHRM) or membership to other appropriate relevant professional body and in good standing.
• At least seven (7) years of experience in Compensation and Benefits Management with at least three (3) years in a supervisory capacity in a similar size organisation.
• Knowledge of survey and benchmarking methods and tools.
• Working knowledge of job evaluation and grading.
• Experience in administration of staff benefits.
• Good understanding of different benefit plans and relevant regulations.
• Experience in effective HR budgeting, monitoring, and reporting.


Work Hours: 8

Experience in Months: 84

Level of Education: Bachelor Degree

Job application procedure

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