Compensation & Benefit Officer at Polaris Bank Limited

Job Summary
Who are we looking for:

• We are currently sourcing for candidates to be recruited as Human Resource Business Partner.
• The ideal candidate is needed to proactively develop and administer a system that assesses, monitors and manages performance by implementing rewards and benefits policies of the Bank.

Job Description

• Ensure all staff salaries details are ready on time so as to effect timely payment
• Attend to queries raised by staff in respect of salary increments/adjustments
• Preparation of end of month entries and reporting
• Render financial advisory services to staff for a good cash flow management
• Ensure all outstanding indebtedness of ex-staff are fully paid up
• Researching and analysing competitors’ salaries and benefits
• Continually monitor peer compensation and recommend appropriate compensation levels and mix, to ensure competitiveness with the need to attract and retain staff
• Staff Cost monitoring and Adjustments
• Administer staff mortgage/ Auto loan/leave/ pensions and benefits
• Remittance of statutory deductions made from staff salaries
• Making recommendations on changes to pension and insurance schemes
• Creation of new staff on the payroll software.
• Ensuring that compensation practices are in compliance with current legislation.

Preferred Skills and Experience / Requirements

• Bachelor's Degree in Human Resources, Business Administration or Finance.
• At least 5 years working experience as a Compensation and Benefits Specialist
• Prior experience in HR practices and compensation cycle management
• Working knowledge of job evaluation and job analysis systems
• Previous experience with organizational psychology and labor market surveys
• Adequate knowledge of current labor rules and regulations
• Familiarity with various types of incentives and benefits
• Extensive knowledge of HRIS and MS Office
• Strong quantitative and analytical skills.