Compensation and Benefits Officers at FINCA Microfinance Bank

FINCA International is one of the world's leading microfinance institutions with over 25 years of experience across 22 subsidiaries in Africa, Eurasia, Latin America and MESA (Middle Eastand South Asia). FINCA's mission is to provide financial services to the world's lowest-income entrepreneurs so they can create jobs, build assets, and improve their standard of living. Currently, FINCA's operations reach over 1 million borrowers globally.


FINCA is recruiting for a motivated and hands-on Compensation and Benefits Officer who thrives in dynamic environments to be part of the Human Resources Department for FINCA's regulated microfinance bank start-up in Owerri, Nigeria.

The following position is now open to applicants:

Job Position: Compensation and Benefits Officer
Location: Owerri, Imo

Department: Human Resources

Job Description

The Compensation and Benefits Officer reports to the Head of Human Resources. It is expected that s/he will participate and take an interest in all HR-related matters. The Compensation and Benefits Officer is responsible for administration of FINCA’s compensation, benefits and allowances for employees and trainees.

Essential Duties and Responsibilities
Compensation and Benefits Administration (50%)

• Provide knowledge and support to staff on all areas related to Compensation and Benefits. This includes providing guidance on the registration and claims processes for pension funds, insurance, and other areas related to Compensation and Benefits.
• Administration of Compensation including calculation and processing of payroll, incentive and bonus.
• Administration of Benefits & Allowances including calculation and processing of benefits, administration of insurance claims, processing of staff loans and processing of allowances.
• Coordination of annual compensation review based on market intelligence on compensation & benefits.
• Support of Other HR Areas (50%)
• Onboarding and updating employee bio data and Check for data accuracy provided by staff, e.g. surname sequence
• Assist the Head of HR in HR internal process e.g. review of process with a view to optimise them.
• Design all custom ad hoc reports and resolve all queries and ensure accuracy in same and prepare business documents and monitor HRIS systems and maintain integrity of all data.
• Prepare monthly payroll report, via the payroll interface
• Assist the HHR to perform process audit and ensure integrity of system
• Any other duties assigned by the HHR.
• Support administrative areas related to the recruitment, training, and other functions of the HR department. This includes but is not limited to preparation of materials and coordination of facilities, logistical support, and management of basic communication with trainees, candidates, etc. 

Qualifications

• National Diploma, HND/University Degree.
• Equivalent professional qualifications can be recognized
• Three years' work experience in related field
• Computer literacy is a must, knowledge of computer based HRIS and payroll is preferred
• Attention to detail and strong numerical skills; accounting experience is an advantage
• Good communicator.
• Familiarity with compensation law, practices and standards is an added advantage.

Competencies:

• To perform the job successfully, the candidate should demonstrate the following competencies:
• Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
• Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time.
• Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently.
• Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
• Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
• Quantity - Meets productivity standards; Completes work in timely manner; Strives to increase productivity; Works quickly.
• Adaptability - Adapts to changes in the work environment; Able to deal with frequent change, delays, or unexpected events.

Application Closing Date
Not Stated.

How to Apply
Interested and qualified candidates should:
Click here to apply online