Compensation and Benefit Executive needed at Alpha Mead Group

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Job title : Compensation and Benefit Executive

Job Location : Lagos

Deadline : October 08, 2024

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Key Responsibilities 

Compensation And Benefits Management

  • Develop policies and procedures to support the compensation and benefits function
  • Prepare and deploy periodic compensation activities such as incentives, benefits, and other statutory obligations) every month and ensure all employees are paid promptly and accurately
  • Work with the Compensation and Benefits Manager to ensure cross-checking and reviews of figures before payment of compensations and benefits to ensure accuracy
  • Manage the process of gathering HR data for the organization’s balanced scorecard
  • Ensure compensation and benefits standards comply with company policies.
  • Conduct and participate in market and salary surveys
  • Monitor reviews of compensation and benefits packages to maintain market positioning.

Payroll Management

  • Ensure effective management of payroll processes
  • Prepare and deploy payroll activities every month and ensure all employees’ salaries, benefits, and allowances are paid promptly and correctly for business divisions
  • Ensure preparation of payroll scheduling i.e. payroll report, Variance, statutory/voluntary deduction report, etc.
  • Provide detailed payroll report which entails total staff costs monthly, quarterly and annual for strategic decisions
  • Compile summaries of earnings & deductions (Taxes, Pension, NHF, Loan, Leave, Gratuity, etc.) and all statutory schedules/remittances for the report and ensure payment accordingly
  • Ensure compensation reviews based on classification or reclassification of jobs, promotions, etc.
  • Prepare payroll journal which will be sent to the senior management for review monthly
  • Prepare Pension Remittance Report, Tax Remittance Report, and Re-reimbursable report, Statutory deduction report i.e. NHF, NSITF, and any other report as indicated in the payroll activities for each month
  • Resolve all payroll inquiries including suspended salaries and allowances, returned salaries, refunds, tax issues, etc.

Human Resource Information Management

  • Ensure the payroll inputs are accurately verified before sharing the data with the Compensation and Benefits Manager correctly input the data into the Human Resources Information System 
  • Effectively and efficiently manage the Human Resources Information System (HRIS) 
  • Create workshops to sensitize employees on how to utilize the Employee Self Service on the HRIS
  • Resolve complaints employees may have in navigating the portal

Operational/Administrative Functions

  • Work with cross-functional teams such as Internal Control, Finance, and Business Managers to ensure an effective payroll process
  • Collate names of staff nominated for internal training and share for approval with the Compensation and Benefits Manager
  • Ensure staff files are accurately stored
  • Ensure all due correspondences, memos, reports, and certificates are tracked in each employee’s files
  • Vet all medical reimbursement records and share them with the Compensation and Benefits Manager for review

How to Apply for this Offer

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