Benefit and Compensation Officer at Sayed Farms Limited

Job Summary

• The Benefits and Compensation Officer is responsible for the strategic management and administration of employee compensation, benefits, payroll, and tax compliance.
• The role ensures accurate payroll processing, efficient benefits administration, and full compliance with statutory regulations, particularly within a manufacturing environment characterized by shift operations, overtime, and large workforce management.

Key Responsibilities
Compensation & Benefits Management:

• Design, implement, and manage competitive compensation and benefits structures aligned with company strategy.
• Administer employee benefits programs including pensions, health insurance, leave management, bonuses, and allowances.
• Conduct periodic salary benchmarking and compensation reviews to ensure market competitiveness.
• Support management in salary reviews, promotions, and incentive schemes.

Payroll Administration:

• Oversee end-to-end payroll processing for all categories of staff (permanent, contract, shift workers).
• Ensure accurate computation of wages, overtime, shift allowances, bonuses, and deductions.
• Review and validate payroll inputs to ensure accuracy and compliance with company policies.
• Manage payroll reconciliation and resolve discrepancies promptly.
• Generate payroll reports for management decision-making.

Tax & Statutory Compliance:

• Ensure accurate computation and timely remittance of statutory deductions including PAYE, pension contributions, NHF, NSITF, and other applicable levies.
• Prepare and file monthly and annual tax returns in compliance with regulatory requirements.
• Liaise with tax authorities and external consultants on tax audits, assessments, and compliance matters.
• Stay updated on changes in tax laws and labor regulations and advise management accordingly.

Financial Control & Reporting:

• Maintain proper documentation and audit trails for payroll and benefits transactions.
• Support internal and external audits by providing required payroll and tax documentation.
• Prepare periodic reports on compensation trends, payroll costs, and statutory obligations.
• Ensure strong internal controls over payroll and benefits processes.

Employee Relations & Advisory:

• Provide guidance to employees on compensation, benefits, and tax-related matters.
• Address and resolve payroll-related queries and disputes in a timely manner.
• Collaborate with HR and line managers to ensure proper implementation of compensation policies.

Qualifications & Experience

• Bachelor’s Degree in Accounting, Finance, Economics, Human Resources, or related field.
• Minimum of 7 years’ relevant experience, preferably within a manufacturing environment.
• Professional certification such as ICAN, ACCA, CIPM is highly desirable.
• Strong knowledge of payroll systems, compensation structures, and statutory requirements.
• In-depth understanding of labor laws and tax regulations.

Key Skills & Competencies:

• Strong analytical and problem-solving skills
• High level of accuracy and attention to detail
• Confidentiality and integrity
• Advanced proficiency in Microsoft Excel and payroll software
• Strong communication and stakeholder management skills
• Ability to manage large workforce payroll and meet strict deadlines.