Manager, Compensation and Benefits - Central Bank of Kenya
Deloitte East Africa, Kenya
Job Description
Our client, The Central Bank of Kenya (CBK), is responsible for formulating monetary policy to achieve and maintain price stability. The Central Bank also promotes financial stability; an effective and efficient payment, clearing, and settlement
system; formulates and implements foreign exchange policies; holds and manages foreign exchange reserves; issuing of currency; and is the banker for, adviser to, and fiscal agent of the Government.
In line with its vision to be a World-Class Modern Central Bank reflected in its People, Systems, and Processes, the Bank is looking to identify results-driven, visionary, strategic thinking experienced, and highly qualified leaders with excellent
credentials, proven experience, demonstrated capacity, and know-how to fill various positions in the Human Resources Department.
Reporting to the Head, Resourcing, and Reward, the Manager, Compensation and Benefits will be responsible for implementing the Bank’s Reward and benefits strategy and programs. The ideal role holder will be responsible for overseeing the administration of staff loans, payroll/ reward management, administration of all cash benefits, HR budgets, and staff recognition.
Requirements
Key Responsibilities
- Implement and manage the Bank’s payroll/reward strategy and process effectively
- Ensure effective HR budget preparation, monitoring, and reporting.
- Design and recommend improvements to the benefit programs by examining possible plan designs and benefits.
- Maintain all relevant staff benefits files and records.
- Monitor administrative costs of benefit programs and recommend cost containment strategies.
- Administration of the Bank’s loan program in accordance with the Bank’s policies and procedures.
- Manage and implement the Bank-wide staff recognition program in accordance with the Bank’s policies and guidelines.
- Periodically conduct surveys on the industry trends in reward and benefits to assess the Bank’s position and advise the bank's Senior Management.
- Evaluate and report on the effectiveness of employee benefit programs.
Role Specifications
- A Bachelor’s degree in Human Resources Management, Business Administration, or equivalent qualification from a recognised institution.
- A Master’s degree in Human Resource Management/Development, Business Administration (Human ResourceManagement), Organisational Management, or equivalent qualification from a recognized institution.
- CHRP Certification, Higher Diploma in HR Management, or a similar HR qualification.
- Full membership to the Institute of Human Resource Management (IHRM) or membership to other appropriate relevant professional body and in good standing.
- At least seven (7) years of experience in Compensation and Benefits Management with at least three (3) years in a supervisory capacity in a similar size organisation.
- Knowledge of survey and benchmarking methods and tools.
- Working knowledge of job evaluation and grading.
- Experience in administration of staff benefits.
- Good understanding of different benefit plans and relevant regulations.
- Experience in effective HR budgeting, monitoring, and reporting.
Benefits
If you believe you meet the role specifications and can clearly demonstrate your abilities for any of the above roles, please submit your application or applications, including authentic certified copies of relevant academic and professional certificates and testimonials, your curriculum vitae, details of your current position, current remuneration, as well as email and telephone contacts of three (3) referees who can speak of your competence, character, and integrity.
To view the detailed job descriptions for the vacant roles and a guide on how to apply for the vacant roles, kindly log onto our e-recruitment platform via https://www2.deloitte.com/ke/en/careers/executive-search-recruitment.html
Email or hard copy applications will not be accepted. All applications must be submitted through the e-recruitment portal to be considered, and your application must be received by 30 September 2022 to
The Director,
Executive Selection Division Deloitte Consulting Limited
Deloitte Place
Our client is an Equal Opportunity Employer (EOE) and is committed to diversity and gender equality. Canvassing will lead to automatic disqualification.