Compensation & Benefits Analyst at Guaranty Trust Holding Company Plc(GTCO)

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.