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.
Job Qualification
BA, BSc, HND
Job Experience
2 years
Job Category
Human Resources
Method of Application
APPLY HERE
Closing Date
5 February 2016
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