Compensation Specialist

1 month ago

Stellenbosch, Western Cape, South Africa Red Ember Recruitment (PTY) Ltd Full time

Red Ember Recruitment (PTY) Ltd is seeking a highly skilled Compensation Specialist to join our team in Stellenbosch. This role offers an attractive salary package, estimated at R450,000 - R550,000 per annum.

Job Description

The Compensation Specialist is responsible for ensuring the accurate and timely processing of payroll for all employees across the group. Key responsibilities include managing employee data, ensuring compliance with laws, regulations and company policies through end-to-end payroll processing, acting as a key point of contact for payroll-related inquiries, resolving issues promptly and efficiently.

Responsibilities
  • Maintain and update employee records, including new appointments, transfers, terminations, promotions, hierarchy information, role information and payroll data.
  • Quality assure employee files to ensure all required information is filed and captured accurately prior to executing any payroll transactions.
  • Capture all payroll inputs for earnings, deductions, company contributions and fringe benefits accurately, adhering to instruction documents and company policies.
  • Accurately and on time process payroll end-to-end, uploading banking files for processing and filing of statutory returns.
  • Responsible for processing, payment, reconciliation and reporting of benefits on payroll and third-party systems.
  • Ensure payroll and benefits are processed in compliance with company policies and regulatory requirements, including tax filing and reporting.
  • Release monthly payslips in a timely manner.
  • Prepare and distribute reports to relevant stakeholders.
  • Reconcile payroll to accounts, budgets, third-party systems and resolve discrepancies.
  • Stay up-to-date with legislation changes impacting payroll processing.
  • Assist with internal and external audits.
  • Prepare reports in preparation for annual remuneration and bonus cycles.
  • Process remuneration changes and bonus payments.
  • Ensure all relevant statutory and legally required documents are issued on termination to the employee.
  • Calculate extraordinary items such as severance packages, separation agreements and applying of related tax directives.
  • Identify discrepancies in people and payroll information and calculations, investigate, report and resolve issues promptly and accurately.
  • Ensure compliance of payroll transactions to company compensation policy, incentive guide and salary and benefits guide.
  • Resolve employee queries regarding payroll and/or benefits in a timely manner.

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