
A Compensation & Rewards Analyst plays a crucial role in ensuring that an organization's compensation structure is competitive, equitable, and aligned with its strategic goals. Here's a detailed job description for this position.
Detail-oriented Compensation Analyst demonstrating superior knowledge of the latest salary and job trends. Astute professional with a background reviewing compensation requests and providing appropriate salary suggestions. Ready to join a new organization collaborating with other professionals as part of a talented team.
Compensation Analysis and Benchmarking:*
- Conduct market research and salary surveys to benchmark compensation against industry standards.
- Analyze internal and external salary data to determine competitive positioning of the organization's compensation structure.
2. *Program Development and Administration:*
- Develop, implement, and administer compensation and rewards programs, including base pay, bonuses, and incentive schemes.
- Assist in the design of new compensation plans and review existing plans for effectiveness and compliance.
3. *Data Management and Reporting:*
- Maintain compensation databases and ensure data accuracy.
- Prepare and present reports on compensation trends, pay equity, and program effectiveness to senior management.
4. *Job Evaluation and Grading:*
- Evaluate and classify jobs according to the organization’s job evaluation system.
- Ensure consistency and equity in job grading and compensation across the organization.
5. *Compliance and Policy Adherence:*
- Ensure all compensation practices comply with legal requirements and organizational policies.
- Stay informed about changes in compensation laws and regulations.
6. *Consultation and Support:*
- Provide consultation to HR and management on compensation-related issues.
- Assist in resolving compensation-related queries and issues.
7. *Project Management:*
- Lead or participate in compensation-related projects, such as annual salary reviews, incentive plan design, and compensation audits.
- Manage timelines and deliverables to ensure projects are completed on schedule.
1- Financial Transactions:*
- Record daily financial transactions including accounts payable and receivable.
- Process invoices, receipts, payments, and other financial transactions accurately and promptly.
- Ensure proper documentation and filing of all financial transactions.
2- Account Reconciliation:*
- Reconcile bank statements and company accounts on a regular basis.
- Investigate and resolve discrepancies in account balances.
3-Financial Reporting:*
- Prepare monthly, quarterly, and annual financial statements and reports.
- Assist in the preparation of budgets and financial forecasts.
- Generate reports on financial status, cash flow, and profitability for management review.
4-Compliance and Auditing:*
- Ensure compliance with financial regulations and accounting standards.
- Assist with internal and external audits, providing necessary documentation and information.
5-Cost Management:*
- Monitor and analyze expenditures to ensure they are within budget.
- Identify cost-saving opportunities and provide recommendations.
6-Taxation:*
- Prepare and file tax returns in a timely manner.
- Stay updated with tax regulations and ensure compliance.
7-Coordination:*
- Collaborate with other departments to gather necessary financial information.
- Provide financial support and guidance to other team members as needed.
Responsible for conducting audits of financial statements and operations of client organizations. This role involves examining financial records, assessing internal controls, and providing recommendations to improve business processes and ensure compliance with relevant laws and regulations.
1- Audit Planning and Execution
2- Documentation and Reporting
3-Compliance and Regulations
4-Client Interaction
5-Team Collaboration & Continuous Improvement
- Strong analytical and quantitative skills
- Proficiency in Microsoft Excel and HRIS systems
- Excellent communication and presentation skills
- Attention to detail and strong organizational skills
- Ability to work independently and as part of a team
- Having white belt certification & Skilled in Analytical skills
- Compensation plan development
- Project management experience
- Analytical mindset
- Decision-Making
- Compensation Structuring
Lean Six Sigma White Belt Certifications.