Nigerian Stock Exchange Latest Jobs Vacancies

Division: Corporate Services Division
Department: Human Resource Department
Report to: Acting Head-HR
Grade: Assistant Manager – Manager
Estimated Date Of Resumption: Monday, October 2, 2017   
  

• The
  Nigerian Stock Exchange services the largest economy in Africa, and is
  championing the development of Africa’s financial markets.
• The
  Exchange offers listing and trading services, licensing services, market
  data solutions, ancillary technology services, and more. It is an open,
  professional and vibrant exchange, connecting Nigeria, Africa and the
  world.
• The
  Compensation and Benefits Management Team Lead (as a subject matter
  expert) will design, plan and implement The Exchange’s Compensation and
  Benefit Management strategies including Executive Compensation programs,
  policies and procedures, and create a compensation framework to ensure
  competitiveness, fairness, and internal equity.
• He
  or she will work with the HR Team/colleagues and internal clients to
  support the company’s mission, strategy and culture through Compensation
  and Benefits alignment.
• The
  Team Lead will also oversee the selection and management of external
  vendors and consultants for Compensation and Benefits survey.
• The
  Team Lead shall be responsible for overseeing the Compensation and
  Benefits Management Team. Administer employee insurance, pension, Employee
  Compensation Act (ECA), Group Life, etc plans and work with insurance
  brokers to optimise staff insurance plans.
• The
  candidate shall also be responsible for managing the health and wellness
  programmes instituted in The Exchange such as the Health Management
  Organization (HMO) scheme and managing the HMO Providers. This position
  will have strategic and tactical responsibility for design, implementation
  and execution of The Exchange’s Compensation and Benefits Management
  strategy.
• The
  role will have responsibility for – Compensation and Benefits Strategy,
  Compensation and Benefits Management, Payroll Administration, PAYE/PITA
  Tax Compliance, Statutory Compliance, Employee Relations, Employee
  Welfare, Employee Health and Wellness, Absence Management, Research/Policy
  Development, Benefits Management Standard Procedures, Compensation and
  Benefits Management Budget and Risk Management of the entire Compensation
  and Benefits Management Function. Serving as the Compensation &
  Benefits Management Team Lead, this position reports to the Head, Human Resources
  at the Corporate Headquarters.

• Define
  a fair, equitable and competitive total Compensation and Benefits
  Management strategy and framework that fits and is aligned to The
  Exchange’s strategy and business goals and conduct market comparative
  analysis of Total Cost of Employment and Total Compensation Cost for the
  workforce
• Design
  and manage Executive Compensation Programmes for The Senior Management of
  The Exchange Develop a consistent Compensation and Benefits philosophy in
  line with work culture and organisational objectives and ensure that
  compensation practices are in compliance with relevant legislation (Labour
  Law, Pension Act, NHF Act, ECA, Personal Income Tax, etc.)
• Responsible
  for reviewing programs, suggesting modifications, and ensuring achievement
  of competitive market position and other Compensation and Benefits goals
  identified by the organization
• Responsible
  for ensuring Compensation and Benefits programs meet best practices,
  comply with legal requirements, and are cost effective
• Develop
  Compensation and Benefit programs and framework needed to position the
  organization to successfully achieve its growth strategy
• Use
  various methods and techniques and make data based decisions on direct
  financial, indirect financial and nonfinancial Compensations and Benefits
  programmes
• Research
  industry trends by completing/participating in Compensation and Benefit
  surveys. Analyze complex Compensation and Benefit information. Forecast
  trends and assist with future benefits designs. Develop specific
  recommendations to be presented for Executive Management considerations
• Participate
  in salary and labour market surveys to determine prevailing pay rates and
  benefits
• Deploy
  effective communication strategies and develop success metrics and conduct
  on-going research into emerging trends, issues and best practices with
  regards to Compensation and Benefits
• Analyse
  survey reports to ensure appropriate compensation across the organization,
  forecast budget for salary reviews and alignments
• Monitor
  administrative costs of Compensation and Benefits programs and recommend
  cost containment strategies including alternative methods for
  administration and funding. Prepare budgetary recommendations and assist
  in the monitoring, verifying and reconciling budgeted funds
• Prepare,
  and manage the overall budget for the Compensation and Benefits Management
  Function Serve as a compensation and benefits subject matter expert and
  advisor to Head-HR, Management and the Human Resource team

• Design,
  evaluate and modify Compensation and Benefits policies to ensure that
  programs are current, competitive and in compliance with legal
  requirements
• Maintain
  and manage Compensation and Benefits related policies for The Exchange and
  ensure compliance with federal and state laws, including reporting
  requirements
• Analyze
  compensation policies, government regulations, and prevailing employee
  compensation across benchmarked sector to develop competitive compensation
  plan
• Advise
  managers and employees on state and federal employment regulations,
  benefit and compensation policies and personnel procedures
• Review,
  develop, update and make recommendations for changes to compensation and
  benefit, employee relations, activity centre, etc programs, processes and
  policies
• Develop
  and maintain Compensation and Benefits Management Standard Operating
  Procedures (SOPs) document.

• Responsible
  for the management of the Activity Center comprising of a Crèche, Café/Bar
  and Gym
• Maintain
  effective relationships with vendors, brokers, consultants, etc. and
  Service Level Agreements and ensure compliance with terms of service
• Periodically
  prepare dashboard and analysis reports, as specify or requested by the
  Head-HR, on the Activity Center patronage and issues

• Maintain
  payroll information by designing systems; directing the collection,
  calculation, and data capture
• Update
  payroll records on the Human Resource Information System (HRIS) by
  reviewing and rectifying changes in payroll exemptions, insurance
  coverage, savings deductions, and job titles, and department/division
  transfers etc
• Prepare
  reports by compiling summaries of monthly and annual earnings, taxes,
  deductions, leave, non- taxable incomes, etc. and ensure salaries are paid
  at the stipulated date, monthly
• Determine
  payroll liabilities by reviewing the calculation of employee statutory
  income taxes, and employer’s pension contribution, workers compensation
  payments, etc
• Balance
  the payroll accounts by resolving payroll discrepancies on the HRIS and
  provide payroll information to appropriate parties/stakeholders
• Maintain
  payroll guidelines and update applicable policies and procedures
• Conduct
  periodic payroll reviews, audits and prepare reports
• Respond
  in a timely manner and professionally to payroll requests from internal
  stakeholders across the organization
• Implement
  and administer performance incentive plan programs
• Comply
  with Federal, State, and Local legal requirements by studying existing and
  new legislation; enforcing adherence to requirements; advising management
  on needed actions
• Maintain
  employee confidence and protect payroll operations by keeping information
  confidential
• Employee
  Welfare, Employee Health and Wellness: Manage the Health Management
  Organisation (HMO) providers, ensure all eligible employees are enrolled
  in their applicable plan, and proactively resolve employees’ medical
  related issues
• Responsible
  for employee welfare issues such as birthday celebrations (email greetings
  and party),weddings, bereavements, etc and ensure all the applicable
  payments are processed on time
• Advise
  Line Managers on all employee relation matters (ensuring problems are
  dealt with speedily and at the lowest possible level, in accordance with
  laid down processes, procedures and policies), including discipline,
  grievance, absence control, etc

• Oversee
  and manage Employee Absence Management and leave administration on the
  HRIS and provide weekly report on absence trends
• Monitor
  both short and long-term sickness/illness history and capture the data on
  the HRIS, advising Line-Managers and follow up to ensure that employee
  returns to work at the earliest opportunity and that, where necessary,
  rehabilitation programs are organised through the HMO provider
• Track
  all employee absence information the HRIS
• Responsible
  for managing, planning, developing, and implementing The Exchange’s leave
  policies and procedures
• Counsel
  and advice employees and managers on leave allowance payment, policies and
  procedures. Responds to employee questions or concerns regarding leave
  issues and serves as main point-of-contact, maintaining regular
  communication with employees and Line-Managers, as it pertains to the
  status of employees on leave

• Provide
  HR Team and Management with on-going guidance, advice, consult and
  recommendations on Compensation and Benefits programs, policies and
  procedures for the organization
• Perform
  and participate in internal and external audit programs
• Responsible
  for Compensation and Benefits Management “risk review” wherein key
  features of the compensation plan are itemized, risk mitigators and
  aggravators are identified, and a risk assessment is performed
• Employ
  continual tracking of Key Risk Indicators (KRIs), such as the allocation
  of total compensation between fixed compensation and variable payouts and
  advise Head-HR and Management appropriately
• Perform
  other HR related duties as may be assigned from time to time

• Analytical
  Thinking
• Budgeting
• Human
  Resources HRIS Management
• Numeric
  Skills
• People
  Management
• Project
  Management
• Microsoft
  Office Packages
• Compensation
  & Benefits Management
• Cost
  Management
• Data
  Management
• Documents/Records
  Management
• Financial
  Planning and Analysis

• Accountability
• Attention
  to Detail

• HND/
  Bachelor degree in Social Management Science disciplines, preferably in
  the Human Resource Management
• Membership
  of a professional body- CIPM,CIPD, NITAD, PMI, SHRM, etc is an advantage.
• Minimum
  5 years of progressively responsible experience in analysis, plan design
  and/or administration of compensation and benefits programs or HR
  generalist or specialist experience
• Two
  years hands on project management experience
• Experience
  in Human Resources Transformation and organizational restructuring.
  Managing the HR function as a Strategic Business Partner, consideration
  and application of Global Best Practices
• Experience
  researching and analysing best practices and trends and developing and
  implementing Compensation and Benefit programs
• Prior
  experience in HR practices and compensation cycle management
• Working
  knowledge of job evaluation and job analysis systems
• Strong
  Generalist HR knowledge and competencies; understanding of Managing
  Processes, People Management, Data Entry Management, Reporting Skills,
  Compensation and Benefits Management Structure, Benefits Administration,
  Worker Compensation, Employment Law, Developing Standards, Financial
  Skills and Accounting
• Good
  appreciation of HRIS database design, structure, functions and processes,
  and experience with databases tools
• HR
  Analytics, Dashboard Management, Strategic and high level data, trend
  analysis
• Influential
  communicator with strong written, verbal, presentation and listening
  skills with audiences at all levels.
• Previous
  experience with organisational psychology and labour market surveys
• Adequate
  knowledge of current labour rules and regulations
• Familiarity
  with various types of incentives and benefits structures / frameworks
• Comfortable
  working collaboratively across functions in a fast-paced, growing company.
  A passion for supporting the company’s mission and culture
• Operational
  HR Experience: HR Analytics, Recruitment, Training, Performance management
  systems, Employee relations, internal consulting, etc and knowledge of HR
  Laws; HR dashboard – graphic representation and interpretation of
  information
• Experience
  in research, analysis, collection/collation, interpretation and
  presentation of data; developing standard and ad hoc reports, templates,
  dashboards, scorecards, and metrics; interfacing and liaison with top and
  senior management, employees and other key stakeholders