Senior Compensation & Benefits Specialist

SUMMARY:
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POSITION INFO:

Role Purpose

To provide specialist support in the implementation, administration, and continuous improvement of the organisation’s remuneration and benefits frameworks, ensuring alignment with legislative requirements, public sector governance standards, and strategic business objectives.

The role is responsible for detailed remuneration data analysis, development of dashboards and reports, salary benchmarking, and providing analytical insights to inform remuneration decisions, workforce planning, and submissions to management and governance structures.

The incumbent will support annual pay review processes, incentive scheme administration, and participation in remuneration surveys to maintain market competitiveness and internal equity.

Strong analytical capability, advanced Excel proficiency, and experience in data visualisation tools are essential.

Key Responsibilities

1. Remuneration & Benefits Framework Support

• Support implementation and maintenance of remuneration and benefits policies and frameworks.

• Ensure remuneration processes are executed accurately and within approved timelines.

• Maintain compliance with approved remuneration policies and applicable governance frameworks for public entities.

• Maintain auditable and up-to-date remuneration records.

• Assist with periodic policy reviews and updates.

2. Remuneration Data Analysis & Market Benchmarking

• Conduct salary benchmarking and market comparisons to ensure internal and external equity.

• Analyse remuneration trends and provide insights to inform reward strategy.

• Develop remuneration dashboards and analytical reports using advanced Excel and data visualisation tools (e.g., Power BI).

• Participate in remuneration surveys and ensure accurate data submission.

• Provide analytical recommendations to support decision-making.

3. Governance & Compliance Monitoring

• Ensure remuneration practices align with governance and compliance requirements.

• Track and report on audit findings and compliance actions.

• Maintain accurate documentation for governance and audit purposes.

4. Job Evaluation & Grading Administration

• Administer job evaluations using approved methodologies (e.g., Peromnes, Patterson, Hay or equivalent).

• Maintain grading documentation and job profiles.

• Ensure alignment between grading outcomes and remuneration structures.

• Meet agreed turnaround times for job evaluation processes.

5. Incentive & Performance-Based Remuneration Support

• Provide analytical and technical support during incentive cycles.

• Prepare accurate incentive and performance-linked remuneration calculations.

• Maintain data integrity across systems and spreadsheets.

• Develop flexible remuneration models aligned with policy and budget provisions.

6. Stakeholder Advisory Support

• Provide remuneration advisory support to line managers and employees.

• Communicate remuneration policies and processes clearly and effectively.

• Respond to remuneration-related queries within agreed service levels.

• Promote understanding of governance and compliance requirements related to reward practices.

Minimum Requirements

• Bachelor’s Degree in Human Resources Management, Industrial Psychology, Finance, Commerce or related field.

• Professional certification in remuneration e.g., GRP

• Advanced Excel proficiency (formulas, pivot tables, data modelling).

• At least 5 years’ experience in remuneration and benefits within a regulated or public sector environment (financial services or similar preferred).

• At least 5 years’ experience in remuneration data analysis, model development, and reporting.

• At least 3 years’ experience in salary benchmarking, job evaluation, and grading.

• At least 2 years’ experience using dashboard/reporting tools such as Power BI (or equivalent).

Core Competencies

• Remuneration & Benefits Administration

• Job Evaluation & Grading Methodologies

• Remuneration Data Analysis & Reporting

• Market Benchmarking & Survey Participation

• Performance & Incentive Scheme Support

• Governance & Regulatory Compliance

• Policy Interpretation & Implementation

• Report Writing & Presentation Skills

• Strong Analytical and Numerical Ability

Knowledge Requirements

• Remuneration legislation and reward governance principles

• Public sector governance frameworks (e.g., PFMA, SOE remuneration guidelines, King IV/V principles)

• Salary benchmarking methodologies and reward structuring

• Audit and compliance requirements within regulated environments