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  • Posted: Jan 19, 2022
    Deadline: Jan 25, 2022
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    Guaranty Trust Bank plc is a foremost Nigerian financial institution with vast business outlays spanning Anglophone/Francophone, West Africa, East Africa and the United Kingdom. The Bank presently has an Asset Base of over 2 Trillion Naira, shareholders funds of over 200 Billion Naira and employs over 10,000 people in Nigeria, Cote d'Ivoire, Gambia, G...
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    Compensation & Benefits Analyst

    Industry: Financial Services

    Job Summary

    • The Compensation & Benefits officer will be responsible for the management of employee compensation & benefit plans in the Holding Company and support the Group’s overall compensation and benefits standards, engage regulators and all banking subsidiaries and non-banking business units.

    Key Responsibilities & Duties

    • Payroll management & administration
    • Provide up-to-date, quality advice to employees on benefits matters, Personal Income Tax and other statutory deductions
    • Statutory remittances administration & reconciliation
    • Analyse and evaluate services, coverage and options available through insurance companies to determine programs best meeting the needs of the Group (HMO Administration, Group Life & Group Personal Accident Insurance Scheme and BUPA International Insurance Scheme)
    • Exit management
    • Loan & benefits administration
    • Manage Expatriate & Immigration issues and coordination
    • Prepare the Group Budget/Pledge Monitoring
    • Ensure compensation & benefits standards comply with the Group’s policies and/or other regulations by maintaining and updating policies, procedures and guidelines
    • Maintain effective records and administration
    • Reporting and handling of enquires from all subsidiaries (Banking and non-banking subsidiaries)
    • Review reports for subsidiaries and make enquiries from subsidiaries HR where needed
    • Provide and review guidelines and policies on compensation and benefits for the Group
    • Perform location visits to perform checks on adherence to Compensation & Benefits Group policies
    • Utilizing HR information systems to access, input and compile data for the team

    Education and Experience

    • A minimum of 5 years previous experience in a Generalist HR role, with a proven track record in working as a Compensation & Benefit analyst to deliver contemporary HR practices.
    • Bachelor's Degree in Human Resources, Business Administration, or Social Sciences.
    • Experience designing, developing, and supporting organization-wide programs that cover talent acquisition, coaching, data analytics, and relationship management.
    • Previous experience in capturing metrics and producing various employment reports.
    • Experience in different avenues for talent acquisition e.g., social media, networking, employee referrals, job postings, as well as conducting open houses and virtual job fairs.
    • Professional certification in Human Capital from any of Chartered Institute of Personnel Management (CIPM) Nigeria, Society for Human Resource Management (SHRM) or Chartered Institute of Personnel Development (CIPD) UK.
    • Experience in financial services or management consultancy, a plus.

    Skills Required:

    • Accuracy and attention to detail
    • Resourcefulness & Resilience
    • Proficiency in the use of MS Excel
    • Analytical skills
    • Excellent time management and organization skills
    • Interpersonal Skills
    • Negotiation Skills
    • Excellent Communications skills (written and oral)
    • A solution driven mind-set
    • Vendor Management.

    Method of Application

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