Global Compensation & Benefits Manager

Purpose of the job:

As the Global Compensation & Benefits Manager at VALR, you will play a pivotal role in ensuring competitive and compliant compensation and benefits offerings across all our global locations. Reporting to both the Head of Finance and Head of HR, your responsibilities will span payroll and benefits management, leave management,  policy and regulatory compliance, and liaising with employees and candidates.

What will you be doing:

Employee Benefits & Payroll: 

• Research and customise global employee benefits, fostering consistency across all locations by collaborating with local providers.
• Manage end-to-end payroll processing, encompassing onboarding, benefit adjustments, and terminations on a global scale.
• Review, plan, manage, and implement the end-to-end annual review process within our HRIS and Payroll systems, taking into account employee performance, market trends, and budget constraints.
• Process all bonuses, salary increases, and benefit adjustments during annual reviews, coordinating with service providers as necessary.
• Guide salary offers during recruitment and negotiate compensation packages for new hires, promotions, internal transfers, and other changes.
• Communicate compensation and benefits information transparently to employees.
• Provide education on available benefits and changes in legislation and remuneration policies.

Legal Compliance and Policy Updates: 

• Stay updated on labour laws and compliance standards, ensuring that VALR consistently meets legal requirements.

• Regularly review and update internal policies to align with the latest legal standards in each operating jurisdiction.

Data Analysis and Reporting: 

• Ensure compliance with payroll regulations and oversee submissions of relevant reports such as the Annual Employment Equity Report and Quarterly Stats SA reports.
• Handle payroll and tax-related annual filings and submissions across all countries of operation.
• Create, generate, and analyse comprehensive reports to monitor and manage Payroll, Benefits, Leave, and the Annual Review process.
• Utilise data-driven insights to make informed decisions and enhance the overall performance of compensation and benefits strategies and processes.

HRIS & Payroll Management: 

• Demonstrate an extremely strong understanding of systems and processes, implementing, amending/adjusting, and maintaining HRIS and Payroll systems.
• Document all processes to establish clear guidelines and enhance the efficiency of global benefits and payroll operations.

Finance: 

• Verify payroll test runs and ensure that any discrepancies are resolved, balancing the payroll to the general ledger.
• Calculate and post to the ledger the provision for leave and bonuses.
• Ensure timeous payments of third-party payments, such as medical aid and other benefit providers, including timeous reconciliations.
• Ensure timeous payments, tracking, and reporting of employee claims and leave.
• Manage and attend to all payroll queries.

What we look for in you:

• Extensive global compensation and benefits management experience, preferably in the fintech or crypto industry.
• Expertise in payroll processing globally, managing leave transactions, and overseeing annual filings.
• Strong knowledge of labour laws and compliance requirements in various international jurisdictions.
• Proven ability to design and implement structured salary frameworks, compensation plans, and benefits programs.
• Transparent communication skills to effectively relay compensation and benefits information to a diverse global workforce.
• Detail-oriented with the ability to document processes and establish clear guidelines.
• Analytical mindset for data analysis, trend identification, and market research.
• Negotiation skills and experience managing relationships with external service providers.
• Proven ability to establish new processes and structures, extensive experience, and proficiency in systems and processes, with a focus on implementation, adjustment, and maintenance to ensure optimal functionality and accuracy.
• Ensure strict confidentiality is upheld throughout all phases of the compensation and benefits management process.

What can you expect from VALR:

• Competitive salary: Get paid well to work in an exciting industry
• Leave: Compliance with statutory leave required by individual countries, in addition to flexible leave
• Remote work: Work from wherever you like - Employees to ensure that there is secure, stable internet connectivity to effectively work remotely
• Home office setup: Mac laptop and a discretionary allowance to buy all the extras needed to work happily from home - all of it yours to keep after 3 years. Terms and Conditions will apply. 
• Learning fund: An annual upskilling budget of R16,000 per employee, which will be converted to the respective currency of the employee's payment, in addition to scheduled VALR training.
• Performance bonus: When you contribute to VALR's success, you'll be rewarded with discretionary bonuses
• Regular get-togethers outside of work (COVID permitting)
• Annual company retreats (COVID permitting)