Benefits Lead

FirstRand Corporate Centre; Johannesburg; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading financial institution seeks to hire a Benefits Manager to oversee employee benefit policies and processes. The ideal candidate will have substantial experience in benefits management and a CA (SA) qualification. This role involves ensuring the alignment of organizational needs with legislative changes and engaging stakeholders effectively.

Qualifications

• 5 to 8 years experience in a similar environment.
• 2 to 3 years ideally at management level.
• Excellent policy awareness and analytical skills.

Responsibilities

• Lead the creation and maintenance of employee benefit policies.
• Benchmark policies with other institutions locally and internationally.
• Manage coordination of training and communication on policy changes.

Skills

Analytical skills

Knowledge of corporate policies

Communication

Education

CA (SA)

Job description

Job Location : Gauteng, Johannesburg Deadline : June 20, 2025 Quick Recommended Links

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Job Description

• FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you!

Role Purpose :

• To lead the creation and maintenance of a cohesive set of employee benefit policies and processes that reflect FirstRand's needs, and to ensure the consistent governing of day-to-day functions of the organisation.
• Understand the business strategy and lead the research, analysis, development and maintenance of the group benefits policies and processes, that reflect the Groups needs and to ensure a consistent set of policies to govern strategic imperatives, aligned to our FirstRand philosophy, future fit and daily functioning.
• Stay abreast of relevant industry risk management best practices and legislative amendments. and suggests ways to leverage these to ensure continuous improvement.
• Lead high quality qualitative and quantitative benefits research and best practice to create synergy across FirstRand.
• Benchmark the Group's employee benefit policies and processes with those of other institutions both locally and internationally.
• Understanding employee needs in order to deliver quality benefits solutions aligned with business plans.
• Review, design and deliver optimised employee solutions, processes and systems ensuring FirstRand aligns to global best practices, reduces risk, attracts, and retains talent.
• Ensure the alignment of benefit policies and processes with changes in the organisation and legislative or statutory environment.
• Establish relevant reporting requirements, analyse trends to drive benefit design and decision making.
• Ensure the publication and dissemination of new and revised policies and process to internal and external stakeholders.
• Manage the coordination of training, awareness campaigns and other communication channels, on benefit policy and process changes.
• Engage with relevant stakeholders to establish, review and implement processes that enable employee benefit policies (including, but not limited to CTE, relevant Human Capital teams, Workday).
• Establish mutually beneficial relationships, that supports thought leadership, innovation and integrated practice solutions.

Qualifications :

• Preferred Qualification – CA (SA)

Experience :

• 5 to 8 years experience in a similar environment, of which 2 to 3 years ideally at management level
• Knowledge of current and developing risk benefit issues and trends in area of expertise.
• Knowledge of the principles and procedures of benefits design.
• Knowledge and understanding of corporate policies and procedures and the regulatory environment
• within which they operate and subsidiaries within which FirstRand operates.
• Knowledge of legal documentation procedures and requirements.
• Excellent policy awareness, strong analytical understanding of risk benefit nuances and strategic solutions to related problems.