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  • Posted: Feb 1, 2023
    Deadline: Not specified
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    Leadway Assurance Company Limited was founded in 1970. Sir (Dr.) Hassan O. Odukale, (KJW, D.Sc., FCIIN).It has a chequered history of being a company with close attention to relationships, having started operations as a direct motor insurance company. Soon the relationship developed to a stage where it has established a deep relationship with the brokers&rsq...
    Read more about this company

     

    Total Reward Analyst

    The role holder will be charged with the implementation of the reward strategy while administering periodic payroll and employee benefits.

    In administering employee payroll, role holder must ensure that this is done accurately whilst adhering to all regulatory requirements. Benefits are driven by policies and a need to enhance existing guide will done within defined controls.

    Role holder must be an expert in all aspects of reward which include PAYE, Pensions, Insurance, etc. and must ensure that Leadway is up to date with the requirements of new legislations.

    Reward analyst will maintain all reward processes, policies and procedures.

    Duties and Responsibilities

    • Support the recruitment team in negotiation of prospective contracts to attract high caliber potentials
    • Administration of payroll, benefits and other forms of compensation to motivate and retain employees
    • Act as a key point person for regulatory issues around Pensions. NSITF etc.
    • Prepare, maintain and review periodically the HR budget
    • Prepare financial and other administrative reports as required
    • Promote a healthy workplace through effective administration of employee medical benefits.
    • Provide expert and accurate pay and benefits advice to staff including advising on the appropriate legislation and associated policies and procedures on issues of pay, tax, pension and other voluntary deductions;
    • Management of outsourced vendors to prevent the crystallization of the reputational risks
    • Periodic engagement with the business to improve reward processes across the organization
    • Driving employee participation in corporate social responsibility
    • Aligning with regulatory demands
    • Expatriate immigration and any other duties as may be assigned periodically

    Stakeholder Management: key stakeholders that the position holder will need to liaise/work withto be successful in this role.

    Internal

    • Finance
    • Internal Control
    • Employees
    • Compliance team
    • Tax management team
    • Associate companies

    External

    • Regulator (NSITF, PENCOM, FMBN)
    • Outsourced vendors
    • Consultants

    Decision Making Authority /Mandates/Constraints: the decisions the position holder is empowered to make:

    • Total Rewards Analyst, you will get to ideate, design and implement exciting and innovative reward and benefits programmes that will enable leadway to attract, motivate and retain the talent we need to accomplish our mission and support our employees’ evolving needs.
    • Design meaningful, flexible and personal reward programmes diverse, multigenerational, geographic and segmented workforce – using your analytical and strategic thinking skills.

    Work cycle and impact: time horizon and nature of impact (Planning)

    • Payroll administration
    • Employee wellbeing initiatives
    • Benefits in kind administration such as HMO, end of year gifts, long service awards

    Qualifications

    Academic:

    • Bachelor’s Degree or equivalent from a recognized University (Business Related preferred)
    • Master’s Degree is an added advantage.

    Desired work experience:

    • 0 – 2 Year experience on the job; holders with less than 1 year experience will be required to have the following skills;
    • Analytical reasoning
    • Tech Savvy
    • Knowledge of relevant laws guiding compensation practices
    • Critical thinking

    Method of Application

    Interested and qualified? Go to Leadway Assurance Company on leadway.taleo.net to apply

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