Compensation and Benefits Analysts

Responsibilities:

• Conduct salary benchmarking, market research, and compensation surveys to evaluate internal equity and external competitiveness across industries.
• Design, model, and refine base pay structures, salary bands, variable incentive plans, and commission models for internal roles and external client requests.
• Perform job evaluations and grade positioning analyses to maintain consistent job architecture and pay transparency.
• Evaluate, manage, and optimize employee benefits schemes including health insurance, group life insurance, pensions, and wellness initiatives.
• Monitor total rewards expenditures, analyze benefit usage trends, and assess cost-efficiency to recommend enhancements to overall compensation packages.
• Ensure total rewards programs comply with labor laws, statutory mandates, tax governance, and internal regulatory standards.
• Manage monthly payroll calculations, deductions, and timely disbursement for internal staff and outsourced accounts.
• Oversee statutory compliance and remittances, including PAYE tax, Pension, NHF, NSITF, and ITF across relevant regulatory jurisdictions.
• Reconcile payroll reports, address employee payment inquiries, and maintain accurate statutory filing records for audit readiness.

Requirements:

• Bachelor's degree in Accounting, Finance, Economics, Human Resources, Business Administration, or a related discipline.
• 1–3 years of experience in compensation and benefits, rewards management, HR analytics, or financial analysis.
• Strong understanding of job evaluation methodologies, salary benchmarking, pay grades, and incentive scheme design.
• Knowledge of health benefits management, pensions, life assurance schemes, and executive remuneration strategies.
• Advanced proficiency in Microsoft Excel (financial modeling, VLOOKUP, Pivot Tables) and familiarity with HRIS total rewards modules.
• Ability to work professionally with clients and respond promptly to payroll-related requests.
• Ability to handle sensitive employee and client information with discretion.
• You carefully review figures, employee information, and payroll inputs to identify errors before payroll is finalized.
• You can manage payroll requirements across multiple client accounts while keeping track of different deadlines and employee changes.
• You understand that even a small payroll error can significantly affect an employee's trust and experience.