Payroll & Total Rewards Manager at Lumos

Purpose
Role holder will be responsible for demonstrating thought leadership on the development of Total Rewards methodologies and approaches, leading the implementation of Benefits and Incentives Strategy of the Company

Job responsibilities

• Effective implementation of company compensation structure and plan
• Deliver annual compensation benchmarking and salary structuring information for the Company
• Ensure compensation and benefits standards comply with company policies and/or other regulations or legislation
• Analyse, review, recommend, and obtain approval for changes to compensation and benefits from Management
• Development of policies and procedures to support the compensation and benefits function
• Participate in market and salary surveys
• Monitor reviews of compensation and benefits packages to maintain market positioning
• Provide analytical & technical support for the delivery of the company’s compensation programs
• Design compensation and benefits services and strategies, makes recommendations, and prepares proposals for new and improved programs based on institutional need and/or governmental changes
• Administration of organizational payroll

Effectively implement Benefits Management plan

• Implement and maintain Group Life and Medical Insurance schemes in line with company policies
• Continuously review company Benefit packages and policies to ensure competitive advantage and employee retention

Proper administration of various employee incentive schemes

• Research on role specific incentive packages
• Ensure accuracy in bonus pay-outs and other incentives linked to individual/team performance

Effective Relationship Management with Service Providers
Coordinate and manage relationships with Service Providers on all third-party offerings and benefits for employees

Academic Qualifications (Must Have)

• First degree in Human Resources, Business Administration or Behavioural Sciences; a Master’s degree is an added advantage
• Professional Certification in Human Resources is an added advantage

Relevant Experience

• At least 5 years solid HR experience specifically in compensation & benefits administration
• Practical Compensation Market Pricing and Salary Survey experience
• Profound knowledge of State and Federal laws as it impacts benefits administration
• Strong budget and financial management skills, including proven ability to manage projects
• Excellent organizational and communication skills
• Advance proficiency in Microsoft Word, Excel and PowerPoint
• Strong mathematical aptitude and analysis skills for compensation data and recommendations
• Demonstrated competence in structuring compensation and benefits packages, and measuring for success

Other Requirements

• High degree of professionalism, maturity and confidentiality
• Ability to deal with ambiguity, tight timelines, multiple priorities, and demanding customers, in a fast-moving, constantly changing environment
• Ability to build strong working relationships, internal and external to the organization
• High level of discretion and attention to detail
• Good analytical and numerical skills
• Excellent written and verbal communication skills