23 Feb 2016

Full-Time Compensation and Benefit Officer at La Fayette Microfinance Bank Limited

Toni AdewunmiIbadan, Oyo, Nigeria

Job Description


Location: Ibadan, Oyo
Application deadline: 26/02/2016
Job Reference:

The Compensation and Benefit Officer is responsible for designing, implementing and administering the bank’s Compensation and Benefit scheme for all employees

• To support in the preparation of Compensation and Benefit budget in collaboration with the head of unit and HR Manager, including regular monitoring, reporting and adjusting of the budget.
• Support in designing and developing compensation policies, processes and procedures.
• Ensure all employees’ compensation and benefit scheme (Salary, bonus, allowances) are applied properly.
• To assist in managing communications for effective, widely and timely dissemination of information to employees on wages, benefits and other related HR policies and practices through various communication channels.
• Ensure benefit and communication documents are fit for internal use.
• To conduct regular bench-marking surveys to ascertain banks competitiveness in compensation and benefit within the micro-finance industry.
• To support the finance team in payroll related matters.
• Manage all aspects of benefits associated with managing risk connected with the working staff including Health Insurance, Life Assurance and NSITF, ensuring staff are well covered.
• To be one of the main point of contact with external suppliers (insurance, payroll, pension etc companies).
• Ensure accurate record keeping (soft and hard copies)
• Computation of one-off payments like 13th month or exceptional allowance.
• Processing and payments of final account
• Ensuring adequate and timely computation of statutory remittances (Pension, NHF, NSITF,)
• Updating the payroll software with entering and exiting staff.
• Be a point of contact for staff and management for compensation and benefit related matters.
Required Skills & Competencies:
• A graduate with at least 1-3 years practical experience in Human Resources with focus on Compensation and Benefits.
• Knowledge of Nigeria labor and employment laws.
• Proficiency in computer MS Word and Excel for preparation and analysis of data and reports.
• Effective speaking & written communication skills with practical ability to prepare official reports, proposals, policies and procedures.
• Ability to work under pressure, multitask and handle confidential matters.

Related Professional Qualification or Masters Degree is an advantage.

Note: Only shortlisted candidates will be invited for test and interview.

Job Categories: Banking Jobs in Nigeria and Human resources Jobs Nigeria. Job Types: Full-Time. Job expires in Endless.

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