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Assistant Manager, Compensation & Benefits
Location:Mackey Street Head Office
Job Type:Human Resources
FT/PT Status:Regular Full Time
  

Major Responsibilities:

ROLE OVERVIEW
The Assistant Manager, Compensation & Benefits is a key management role within the Bank, responsible for supporting the strategic planning, design, and administration of compensation and benefits programs in alignment with the Bank’s objectives, policies, and local regulations. Working under the direction of the Manager, the role assists with overseeing bank-wide compensation and benefits administration, maintaining accurate HR systems data, coordinating with external vendors and service providers, supporting cost control and compliance processes, and building effective relationships with management, employees, and external stakeholders. 

CORE RESPONSIBILITIES

  • Oversee the day-to-day administration of the Bank’s compensation and benefits programs, including payroll processing, pensions, National Insurance, group insurance plans, final settlements, leave administration, and employee inquiries, ensuring accuracy, timeliness, and compliance with Bank policy and applicable legislation.
  • Support the Manager, Compensation & Benefits in the strategic management of compensation and benefits by assisting with budgeting, salary surveys, market benchmarking, analytics, reporting, and the preparation of internal and external statistical, regulatory, and executive reports.
  • Ensure the integrity of compensation and benefits data through effective oversight of HR systems, payroll reconciliations, general ledger accounts, pension and insurance reconciliations, journals, audits, and vendor coordination, while supporting compliance, business continuity, and control processes.
  • Provide leadership and operational support to the Compensation & Benefits team by mentoring, coaching, evaluating performance, driving process improvements, maintaining confidentiality of records, and ensuring policies, procedures, forms, and documentation remain current and effective.
  • Support employee engagement and communication by coordinating compensation and benefits education sessions, new hire orientations, staff communications, and bank-wide initiatives.


Qualifications, Skills and Experience:

 

QUALIFICATIONS, CERTIFICATIONS & EXPERIENCE
-Bachelor’s degree in Finance, Accounting, Business Management, or a related discipline from a recognized tertiary institution.
-Excellent analytical and problem solving skills;
-Strong communication skills and report writing skills;
-Minimum of 3 years’ experience as a Compensation & Benefits Manager or similar role.
-Experience with HRIS & Payroll Systems. Experience with Sage & Cornerstone HRIS is a plus;
-Exposure to general ledger management and reconciliation is desirable.

 
 

Personal Attributes:

PERSONAL ATTRIBUTES:
The incumbent must maintain confidentiality, use sound judgement and perform independently while performing the duties of the Assistant Manager, Compensation & Benefits. The incumbent must also demonstrate the following personal attributes:
Maintain standards of conduct
Display characteristics of honesty, integrity and sound ethics
Possess cultural and business awareness and sensitivity 
Be respectful
Be flexible

 

Remuneration Package:
Commonwealth Bank is a Great place to work! We offer an exciting work environment with the opportunity for growth and development. We also offer a competitive compensation package, reflecting the successful applicant’s experience and qualifications, including a performance based incentive plan, health, vision, dental and life insurances and a pension plan.