Senior Compensation amp Benefits Executive

1 week ago

Dubai, Dubai, United Arab Emirates Precision Hire Solution Full time
  • Senior Compensation amp Benefits Executive - Transmed
Senior Compensation amp Benefits Executive - Transmed

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.
  • 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.
Qualifications

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
  • 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
Overview 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.
Qualifications 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
This job has been sourced from an external job board.
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