Rewards Analyst and Cost Controller
Purpose of Role
Responsible for developing, implementing and maintaining integrated and innovative rewards strategies, experiences and programs to attract, retain and grow the best talent for our company, overseeing the administration of compensation and benefits, payroll administration, recognition programs, overheads budgeting and monitoring whilst also getting involved in HRIS project initiatives.
Job Role and Responsibilities
Develop a competitive total rewards strategy, policies and programs to support business goals and aimed at recognising excellent performance to attract and retain staff while ensuring that they are fairly and consistently applied.
Coordinate the annual and supplementary salary reviews and salary benchmarking processes
Assign overheads budgets and monitor consistency with the performance review process
Create internal communication strategies, routines and success metrics on budgeting & reporting so that concepts, metrics, and philosophies are understood.
Develop, review and evaluate the effectiveness of existing compensation, benefits and wellness policies and programs including variable pay schemes and their cost effectiveness and in alignment with business goals and propose modifications for improvement
Train people managers across the entire organization on our rewards policy and structure
Provide leadership and guidance to HR Business Partners through effective coaching
Advise senior leaders across the organization on market trends and insights
Liaise with the regional and global COE team on total reward issues for Africa
HR Controlling, Payroll & Compliance
Understand the Group, Regional and Local Compensation and Benefit plans, programs and policies and support program design.
Coordinate the annual HR business planning exercise by partnering with the market HR and finance teams.
Develop routines for HR budgeting & reporting for the Leadership & Regional Team, working with the Finance and HR teams to track, monitor and report on status according to Group standards, metrics and guidelines
Develop and promote internal controls, standards, and processes to ensure accuracy and consistency in mining data used for decision-making, internal/external reporting and communications.
Communicate and interpret rolling estimate results to appropriate level of management providing additional perspective on implications, risk, opportunity and trends.
Monitor administrative costs of benefits programs and recommend cost containment strategies
Perform regular audits for the integrity and accuracy of reward & HRIS data
Ensure compliance with local, regional and global regulations related to compensation and benefits
Manage internal (where applicable) and outsourced payroll providers
Insights & Analytics
Develop, maintain, and periodically report on the HR Scorecards and Dashboards
Lead the preparation of periodic Board Reports in liaison with the subsidiary HR Teams
Utilize a data driven approach to identify trends and recommend proactive solutions to attract and retain the right talent.
Manage third party benefits and service providers including Insurance companies and brokers, Tax and Pension Fund Administrators, banks, immigration service providers, payroll software providers and outsourced labour providers to negotiate benefit plans, resolve and amalgamate benefit-related issues and ensure compliance
Participate in subsidiary, regional and group rewards and operational planning sessions to gain an understanding of operating environment and business needs
Manage end-to-end expatriate and immigration issues including compensation, onboarding, offboarding and liaising with immigration officials and/or service providers
Knowledge, Skills and Experience Required
Demonstrable experience of effective preparation and implementation of the HR/overheads budgets, monitoring, reporting and project management
Sound knowledge and understanding of Broad-Based Compensation – Fixed and Variable remuneration, benefits, job evaluation and grading processes in different industries and multiple African geographies.
Strong communicator, able to engage with both internal and external key stakeholders to influence decision which may have impact on project deliverables
Previous experience working in fast-paced, decentralized environments; experience helping organizations scale
Bachelor’s degree in a relevant field; Finance, Business, Humanities and Social Sciences or equivalent from a recognized institution.
4 - 6 years’ progressive experience in similar role
High integrity and ability to professionally handle and maintain confidential information.
Adaptable to a dynamic environment with rapidly changing priorities
Advanced computer literacy and specifically advanced MS Excel
Strong HR Data Analytics / Power BI experience
Quick learner and great attention to detail
Enthusiastic and motivated