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Executive Compensation Operations Lead

1 week ago

Cape Town, Western Cape, South Africa The Shoprite Group of Companies Full time
About the Role

We are seeking a highly skilled Senior Executive Compensation Manager to join The Shoprite Group of Companies' team. This role plays a critical part in supporting the end-to-end compensation execution function.

The successful candidate will work in accordance with Reward Solutions frameworks and practices, supporting the implementation components of new Reward initiatives at the compensation execution level. Accountability for quality standards and risk assurance measures will be key responsibilities, including formulating clear compensation execution processes and integrating points with other People solutions and services functions.

This role will also provide general project support within the compensation execution portfolio, taking on special assignments with the Rewards, Benefits and People Support Desk functions aimed at developing, maintaining, or enhancing processes that impact compensation execution delivery.

Key Responsibilities
  • Maintain day-to-day activities related to package structuring, employee compensation execution, and data administration to adhere to policies, procedures, and specified timelines.
  • Collaborate with recruiters to advise businesses and colleagues on status change requests, including package calculations, benefit allocations, and allowances.
  • Manage 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.
  • Ensure compliance with Share Scheme Administrators (Investec) regulations.