Senior Compensation ....
Senior Compensation amp Benefits Executive - Transmed Holding Limited
Posted on :
14-05-2024
Employer Active
1 Vacancy
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Job Description
Req ID : 2837800
Overview:
Responsibilities:
Organizing & Reporting
Skills & Competencies
This job has been sourced from an external job board. To process the payroll function in order to secure its efficient operations while abiding by the rules & regulations of the division. Ensure compensation and benefits plans are costeffective and competitive by keeping abreast of the compensation and benefits trends in the field.
Responsibilities:
Compensation & Benefits Processing
Participates in the preparation of the yearly C&B payroll budget and monitors progress throughout the year.- Partakes in the compensation benchmarking exercise by consolidating and summarizing the generated market analysis data.
- Participates in revamping the sales incentive schemes by channel to ensure competitive edge.
- Monitors & follows up regularly with sales managers on the right implementation & processes of the incentive schemes.
- Coordinates the accurate processing of payroll within a specified timeframe to ensure accordance with statutory requirements.
- Calculates and processes all salary and wage increases in addition to other adjustments and termination payments to ensure accordance with statutory requirements.
- Processes authorized deductions and allocations of labor costs (payroll taxes NSSF deductions employee benefits etc.) paid by both the employee and employer in order to calculate precise monthly wages.
- Ensures that all payroll information on the computerized payroll system is updated to maintain reliability and to prepare accurate reports as required.
- Facilitates the electronic & physical transfer of salaries and wages to financial institutions to ensure the confidential receipt of information on time.
- Conducts all payroll accounting entries throughout the month and generate the monthly statement for relevant accounts.
- Reconciles payroll general ledger accounts on monthly basis and at year end to ensure the matching of accounts.
Organizing & Reporting
Ensures that all employee payroll information and documentation and records are received accurate and complete and maintained to allow ease of access of full & updated personnel files.- Updates on monthly basis the C&B KPIs figures in addition to the consolidation of Recruitment and L&D KPIs to the HR dashboard
- Provides effective solutions to administrative payroll issues to make them less timeconsuming.
- Prepares reports on payroll issues to achieve periodic review of policies and procedures.
Academic Education & Professional Certifications
- BA in Accounting
- HR Certification is a plus
- 3 5 years of experience in Payroll
- Exposure to HR is a plus
Skills & Competencies
- Excellent command of Excel computer skills
- JDE Payroll Software knowledge is a plus
- Very Good Reporting skills
- General Knowledge in accounting principles
- Knowledge of Income & NSSF taxations
- Knowledge of Labor Law
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Employment Type
Full Time
Key Skills
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