First Bank of Nigeria (Reward Specialist)Jobs in Nigeria

Company Description
First Bank of Nigeria Insurance is a limited liability company licensed to
transact Insurance businesses in Nigeria. The Company is jointly owned by FBN
Holdings Plc (65%) and the Sanlam Group, one of the largest financial
institutions in South Africa (35%) and it officially commenced operations on
the 1st September 2010.

Job Title: Reward Specialist

Job Description
Plans, organizes and conducts benefits orientations to employees – for new
hires at time to register for benefits selections and for current employees, at
time of a qualifying event.
Process and reconcile billing for all benefit programs.
Manages the compensation system. Performs job analyses and evaluations.
Establishes the wage and salary structure, pay practices and variable pay
systems, including bonus and incentive programs.
Develops compensation related plans that coincide with job evaluations, pay
budgets and compensation trends and regulations. Maintains the timeliness and
accuracy of market comparisons for wage and salaries by participating in salary
surveys. Recommends and administers approved individual pay actions, annual
increases and pay structure revisions.
Coordinates and communicates benefits programs per policy such as Leaves of
Absence, Employee Assistance Program (EAP), Tuition Reimbursement, social club
membership etc.
Develops, implements and maintains ongoing employee recognition initiatives.
Coordinates employee recognition programs and social events.
Stays abreast of changes and updates of Human Resources functions and prepares
and provides recommendations to policy/procedure changes to CHRO.
Calculates, analyzes and monitors cost of coverage for all benefits plans and
programs. Works closely with Finance department to ensure accurate and timely
processing of payments, while continually reviewing expenses and generating
reports and recommendations to leaders.
Perform other duties as assigned.