Position Purpose: The Reward and Payroll Analyst will assist in the implementation of reward programmes in support of the Total Rewards Strategy. This role is ideal for someone who can partner well with the Head of HR, Head of Reward and Group Payroll Manager. The successful incumbent will have a depth of knowledge and experience that ensures all reward programmes, including Employee Benefits and Compensation are competitive and sustainable and that administratively all related processes are conducted effectively.
Bachelor’s degree from a four-year College or University
5 years of related experience
Knowledge of managing market data (benchmarking), benefits programs and experience working with external vendors
Experience in job evaluation would be advantageous
Duties and responsibilities:
Implement and administer initiatives required to support the global reward strategy.
Implement and execute all operational reward related programmes, supporting the Head of HR and the Head of Reward. These programmes include salary benchmarking, benefits management, short term and long-term incentive plans and annual compensation events.
Working closely with the Head of Reward, administer, analyze, and manage market data across the firm, ensuring data is relevant and current. Liaise with management and HRBPs as required
Coordinate the planning, preparation, and delivery of the annual remuneration review
Coordinate the annual payroll budgeting process in junction with Finance and the Head of HR.
Support the Head of Reward in Reward related matters, providing managers and the HR team with data and advice as relevant
Provide process management and analytical support for key reward projects and annual processes
Partner with finance and HR colleagues to ensure the successful administration of benefit plans and compensation plans
Provide support to Head of Reward which may include delivery of data, reports and analytics as required for inter alia, management information, remuneration committee meetings and statutory reporting
Support the design and development of reward related communications e.g., total reward statements and ensure dissemination of these as appropriate
Provide support to the Group Payroll manager, which may include payroll processing in South Africa and coordination of payroll input to outsourced vendor in United Kingdom
Skills and Competencies:
The applicant must demonstrate a track record of success in implementing successful compensation programmes. Requires strong technical and interpersonal skills.
A high degree of analytical skills with excellent numerical ability
Advanced Excel skills including pivot tables
Ability to work independently in a highly pressurized environment
Strong time management skills with the ability to meet deadlines
Excellent communication skills with a strong customer service ethic
Experience in processing basic payroll entries on a payroll system would be advantageous