Senior Compensation & Benefits Executive Transmed Dubai

Senior Compensation & Benefits Executive at Transmed in Dubai Hills Estate, Business Park 3, Bldg 3, Level 5 E44, Dubai, UAE will process the payroll function in order to secure its efficient operations while abiding by the rules & regulations of the division. Ensure compensation and benefits plans are cost-effective and competitive by keeping abreast of the compensation and benefits trends in the field. This is a Senior level full time job. And salary can range between 15000-25000 AED/month.

Responsibilities of Senior Compensation & Benefits Executive

• Participates in the preparation of the yearly C&B payroll budget and monitors progress throughout the year.
• Partakes in the compensation benchmarking exercise by consolidating and summarizing the generated market analysis data.
• Participates in revamping the sales incentive schemes by channel to ensure competitive edge.
• Monitors & follows up regularly with sales managers on the right implementation & processes of the incentive schemes.
• Coordinates the accurate processing of payroll within a specified timeframe to ensure accordance with statutory requirements.
• Calculates and processes all salary and wage increases in addition to other adjustments and termination payments to ensure accordance with statutory requirements.
• Processes authorized deductions and allocations of labor costs (payroll taxes, NSSF deductions, employee benefits etc.). Paid by both the employee and employer in order to calculate precise monthly wages.
• Ensures that all payroll information on the computerized payroll system is updated to maintain reliability and to prepare accurate reports as required.
• Facilitates the electronic & physical transfer of salaries and wages to financial institutions to ensure the confidential receipt of information on time.
• Conducts all payroll accounting entries throughout the month and generate the monthly statement for relevant accounts.
• Reconciles payroll general ledger accounts on monthly basis and at year end to ensure the matching of accounts.
• Organizing & Reporting: Provides effective solutions to administrative payroll issues, make them less time consuming.
• Ensures that all employee payroll information and documentation and records are received, accurate and complete and maintained to allow ease of access of full & updated personnel files.
• Updates on monthly basis the C&B KPI’s figures in addition to the consolidation of Recruitment and L&D KPI’s to the HR dashboard
• Prepares reports on payroll issues to achieve periodic review of policies and procedures.

Requirements for Role of Senior Compensation & Benefits Executive

• BA in Accounting.
• HR Certification is a plus.
• 3–5 years of experience in Payroll.

Skills And Knowledge Desired

• Exposure to HR is a plus.
• Excellent command of Excel computer skills.
• JDE Payroll Software knowledge is a plus.
• Very Good Reporting skills.
• General Knowledge in accounting principles.
• Knowledge of Income & NSSF taxations.
• Knowledge of Labor Law.

Market Planner Transmed Dubai UAE