Job description
The Compensation & Benefits Officer will manage and support payroll operations and compensation/benefits administration to ensure accurate salary payments, correct deductions and allowances, and well-maintained payroll and benefits records. The role will work closely with HR and Finance to support payroll runs, reporting, and audit readiness.
Required profile
Payroll Administration & Processing
Support payroll processing activities end-to-end to ensure employee pay components allowances, overtime where applicable, deductions, and any relevant statutory items) are correctly captured and processed.
Verify payroll inputs from HR/Managers (attendance, leave, changes in employment status, overtime/allowances, benefits enrollments).
Ensure payroll calculations are correct and payroll runs are delivered on time according to the payroll calendar.
Payroll Compliance & Documentation
Ensure payroll activities follow company policies and applicable labor/payroll requirements.
Maintain organized payroll documentation and employee records for internal controls, reporting, and audit purposes.
Support audits by preparing payroll-related documentation and responding to payroll queries as assigned.
Compensation & Total Rewards Support
Assist with updates to compensation data (salary changes, adjustments, new hires, promotion/demotion changes, and termination-related changes).
Support compensation-related reviews by preparing payroll/compensation inputs and basic reporting.
Ensure all payroll-affecting changes are properly authorized, documented, and accurately implemented.
Benefits Administration
Maintain benefits records, including enrolment, changes in coverage, and employee status updates.
Coordinate benefits administration activities with HR and any relevant service providers (where applicable).
Handle basic employee inquiries related to payroll and benefits documentation, escalating complex cases to the relevant lead.
Reconciliation, Variances & Issue Resolution
Assist with payroll reconciliation and investigate payroll variances (e.g., incorrect deductions, missing allowances, leave/attendance-related issues).
Follow up on corrections with HR and Finance to ensure accurate final payroll outputs.
Reporting & Reporting Support
Prepare periodic payroll and deductions reports as required.
Support management and HR/Finance with regular payroll updates and employee-related payroll summaries.
Process Improvement & Controls
Contribute to improving payroll workflows, checking processes, and data accuracy controls.
Ensure confidentiality and secure handling of payroll/employee information at all times.
About Advans
Advans Nigeria, originally established as La Fayette Microfinance Bank Limited in June 2012, was founded with the mission to provide comprehensive financial services to Micro, Small, and Medium Enterprises (MSMEs) across Nigeria. Our commitment to supporting MSMEs is at the heart of our operations, ensuring financial inclusion and empowerment for small businesses. In January 2013, Advans Nigeria proudly opened its first branch office in Ibadan, marking the beginning of our journey in delivering exceptional microfinance banking services. By May 2013, we expanded with a second branch, followed by three additional branches in 2014 to cater to the growing needs of our clients.
Our growth continued in 2016, with two more branches established outside of Ibadan, further extending our reach. In 2019, Advans Nigeria achieved a significant milestone by obtaining a national operating license from the Central Bank of Nigeria, solidifying our status as a premier microfinance bank. Today, Advans Nigeria boasts over 30 branches and outlets across 7 States in Nigeria, offering a wide range of microfinance solutions, including loans for business owners, digital microfinance banking, and financial services for low-income families. Our expansion plans are focused on reaching even more communities, ensuring that financial empowerment and economic development are accessible to all.
Join Advans Nigeria as we continue to grow and support the financial goals of MSMEs, individuals, and communities throughout Nigeria. Trust us for reliable microfinance banking services and experience the benefits of working with an international microfinance institution dedicated to your success.