Senior Specialist: Remuneration & Benefits at Land Bank Careers

MAIN PURPOSE OF THE JOB

• To provide specialist support in the implementation and maintenance of the Bank’s remuneration and benefits frameworks, policies, and practices, ensuring alignment with legislative requirements, governance standards applicable to state-owned entities, and the Bank’s strategic objectives.
• The incumbent is responsible for conducting detailed data analysis, developing remuneration dashboards and reports, and providing insights to inform remuneration decisions, workforce planning, and submissions to management and governance committees.
• The role includes administering salary benchmarking, annual pay review processes, and incentive schemes, as well as participating in remuneration surveys to ensure market competitiveness and internal equity.
• Strong analytical capability, advanced Excel proficiency, and experience in data visualisation are essential to produce accurate, insightful, and compliant remuneration information that supports decision-making across the organisation.

Key Performance Areas

Provide support on the implementation and maintenance of remuneration and benefits policies, frameworks, and processes

• Support implementation of remuneration and benefits policies and frameworks across the organisation.
• Ensure all remuneration and benefits processes are executed accurately and within approved timelines.
• Maintain compliance with the Remuneration Policy, SOE governance frameworks (e.g. DPE Guidelines), and internal controls.
• Keep all remuneration and benefits records current and auditable.
• Assist in periodic policy reviews and updates.

Conducts remuneration data analysis, salary benchmarking, and survey participation

• Conduct market and salary benchmarking exercises to ensure internal and external equity.
• Analyse remuneration data and industry trends to inform organisational reward strategies.
• Develop remuneration dashboards and reports using advanced Excel or data visualisation tools (e.g. Power BI).
• Participate in external salary and benefits surveys and submit accurate data within deadlines.
• Provide analytical insights and recommendations for decision-making.

Supports governance and compliance monitoring

• Ensure data accuracy, analytical clarity, and alignment with governance requirements.
• Track and report on all audit findings, compliance actions, and governance updates.
• Maintain effective documentation for governance and audit purposes.

Administers and supports job evaluation and profiling processes

• Job evaluations conducted using approved methodology (e.g., Peromnes, Patterson, Hay).
• Job profiles and grading documentation maintained and updated.
• Turnaround times for evaluations and grading queries met.
• Alignment between job grading outcomes and remuneration structures maintained.

Provides analytical and technical support in the implementation of incentive programmes, linked to performance management

• Provide analytical and technical support during incentive cycles.
• Prepare accurate incentive and performance-based remuneration calculations.
• Maintain data integrity across performance systems and spreadsheets.
• Provide accurate models that are flexible and align to policy provisions and budgets.

Stakeholder Engagement and Advisory Support

• Provide remuneration and benefits advisory support to managers and employees.
• Build and maintain strong relationships with internal stakeholders.
• Ensure effective communication on remuneration policies, processes, and decisions.
• Respond to remuneration and benefits queries within agreed SLAs.
• Promote awareness and understanding of remuneration governance.

Preferred Minimum Education and Experience

• Bachelor’s Degree in Human Resources Management, Industrial Psychology, Finance, or Commerce.
• Global Remuneration Professional (GRP) certification
• Advanced Excel Courses/Certifications
• 5 years’ remuneration and Benefits Experience in State Owned Entity, Finance or Banking Environment
• 5 years’ remuneration/HR Data Analysis and building remuneration models, dashboard and reports
• 3 years advanced Excel (formulas, pivot tables, data modelling)
• 3 years’ Salary benchmarking, job evaluations and job profiling
• 2 years’ experience with dashboard tools (Power BI or similar)

Critical Competencies

• Remuneration and Benefits Administration
• Job Evaluation and Grading
• Remuneration Data Analysis and Reporting
• Market Benchmarking and Surveys
• Performance and Incentive Management Support
• Report Writing and Presentation
• Policies and Procedures
• Governance, Compliance and Legislation

Additional Requirements

• Knowledge of Excel and Analytical
• Knowledge of the Land Bank Act
• Knowledge or remuneration and benefits legislation and guidelines
• Knowledge of Public Sector Governance (PFMA, DPE Remuneration Guidelines, King IV/King V).
• Knowledge of the State Owned Enterprises Remuneration Guidelines
• Knowledge of salary benchmarking and remuneration principles

Closing Date

• 2025/12/19