Senior Group Compensation Execution Specialist at Shoprite Group of Companies

Job Objectives

• Maintain day-to-day activities related to package structuring, execution of employee compensation, and data administration to adhere to policies, procedures, and specified timelines.
• Advise businesses and colleagues on status change requests, including package calculations, benefit allocations, and allowances, while collaborating with recruiters on appropriate package structures.
• Managing the compensation execution aspects of the annual increase and bonus processes inclusive of distribution of letters.?
• Review and monitor annual share allocations and their vesting processes.
• Gather and verify the list of participants eligible for dividend payments, processing payment details, and loading dividend prices per share.
• Collaborate with the Reward Solutions team to explore stakeholder engagement regarding any share scheme changes, inquiries, and options.
• Develop effective relationships and maintain compliance with Share Scheme Administrators (Investec).
• Investigate and approve car allowance extensions and other ad hoc compensation-related considerations.
• Maintain adherence to compensation data standards throughout all processes.
• Investigate and ensure adherence to governance structures, policies, processes, procedures, and frameworks within the Compensation Execution team.
• Analyse risks related to Compensation Execution and develop appropriate mitigation plans to resolve potential issues.
• Explore opportunities for integration and effective workflow with other solution areas and business functions.

Qualifications

• Degree in Human Resources, Finance, or a related field (essential).

Experience

• +4 years’ experience in a Senior Compensation Execution or equivalent role, delivering Compensation Execution and advisory services in an HR/Finance environment (essential).
• Experience in the FMCG or retail sector is preferred.
• Practical learning experiences are valued; candidates without a degree may be considered based on relevant experience and a proven track record in Compensation Execution best practices.