Short Term Consultant – Compensation and Benefits, HR Services and Payroll, Human Resources | J[...]

Short Term Consultant – Compensation and Benefits, HR Services and Payroll, Human Resources

Reporting to the Director General, Human Resources, this position will be responsible for assisting the Compensation & Benefits Lead under the guidance of the DG-HR in the preparation of analytical MIS reports related to Compensation and Benefits, budgeting and monitoring utilization, Employee Costs and execution of HR operational processes and systems related to the Bank's Payroll administration, Benefits administration, HR services, Onboarding and Off Boarding administration.

Specific responsibilities include but not limited to:

• Assist in the preparation and monitoring of the annual HR budget. Analyze historical data and trends to support budget forecasting and planning and track/report budget utilization identifying variances and recommending adjustments as needed.
• Conduct market research and benchmarking to support the development of competitive compensation strategies.
• Organize the implementation schedule for each payroll cycle, the information gathered for the payroll cycle and any MIS required. Ensure error free, on time payroll administration and benefits processing while ensuring compliance with all policies, guidelines and processes of the Bank.
• Maintain and update compensation, payroll and benefits databases and ensure data accuracy.
• Verify and reconcile timesheets, attendance records and other payroll inputs.
• Process payroll adjustments including overtime, leaves and other allowances.
• Liaise with the Insurance, retirement plan, payroll vendor and any other vendor for the related processes and ensure all the procurement processes of vendors are completed as per timeline.
• Support the administration of employee benefits programs including medical insurance, retirement plans and wellness initiatives.
• Analyze qualitative and quantitative data and prepare analytical reports in Compensation, Benefits, Budgeting, Employee Costs and Payroll.
• Analyze and identify areas of improvement in the entire value chain of HR Services, from Onboarding to Off boarding.
• Prepare and improve payroll related process manuals.
• Assist employees with Compensation, benefits and payroll related inquiries.
• Collaborate with the HR team members and external vendors as required.
• Collaborate with the HR team on cross functional projects.
• Ensure that all C&B records are in order.
• Assist in any other duties and responsibilities assigned from time to time.

Position requirements

• Bachelor’s Degree in a relevant field.
• 5 years of relevant experience.
• Demonstrated experience in Compensation, Benefits, Payroll and HR operations execution and delivery to ensure superior HR services.
• Experience with HRIS and payroll systems (e.g., ADP, SAP) is a must.
• Proficiency in Microsoft Office, with advanced Excel skills.
• Excellent verbal and written communication.
• Strong data analytical skills.
• Exceptional interpersonal skills.
• Good problem-solving skills.
• Must have conflict management skills, with a high resilience and drive in achieving objectives and goals.