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Head, Total Rewards at the OPEC Fund for International Development

Posted on Tue 25th Mar, 2025 - hotnigerianjobs.com --- (0 comments)


The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.

We are recruiting to fill the position below:

Job Title: Head, Total Rewards

Location: Austria
Department/Unit: Corporate Services / Human Resources Unit / Human Resources Unit
Contract Type: Fixed Term Contract
Job Category: H1
Grade: Management
Recruitment Status: International

Job Profile

  • The Head of Total Rewards is responsible for the design and implementation of a comprehensive, organization-wide compensation strategy that aligns with the OPEC Fund’s objectives of ensuring a fair and competitive employee rewards program.
  • This role ensures that compensation and benefits policies are in line with the organization's HR strategy and enhanced on a continuous basis.
  • The position oversees payroll, compensation and benefits, employee administration, and employee offboarding.
  • The incumbent leads a team at the headquarters in Vienna.

Duties and Responsibilities
Strategic Responsibilities:

  • Drives continuous improvement in the Total Rewards strategy to position the OPEC Fund as an employer of choice. 
  • Collaborates with the HR Director to develop and implement a modern Total Rewards strategy aligned with organizational goals. 
  • Standardizes and streamline processes to enhance efficiency and effectiveness. 
  • Provides expert advice on total rewards and well-being policies. 
  • Leads key initiatives and projects to enhance remuneration and reward systems.

Compensation & Reward Management:

  • Market Analysis: Conducts salary benchmarking and provides data-driven insights
  • Program Development: Implements competitive and performance-driven compensation structures
  • Policy Compliance: Ensures adherence to labor laws and internal policies
  • Salary Administration: Oversees payroll coordination and policy adherence
  • Stakeholder Guidance: Trains HR staff and advises leadership on compensation matters
  • Benefits & Allowances: Conducts periodic reviews and recommend enhancements
  • Budget Planning: Supports salary, allowance, and benefits forecasting. 
  • Health & Wellness: Manages and/or supports medical insurance, wellness programs, and employee support initiatives

Audit & Compliance:

  • Ensure compliance with reward policies and regulatory standards
  • Leads salary benchmarking, incentive plan management, and internal equity analysis
  • Addresses audit findings with sustainable solutions

Policy & Procedure Development:

  • Maintains and updates policies, standard procedures, and benefits documentation
  • Oversees medical insurance plan reviews and renewals
  • Benchmarks remuneration policies and implements new benefit programs as needed
  • Ensures accurate record-keeping and serve as the escalation point for complex benefits issues.

Stakeholder Engagement & Leadership:

  • Represents HR in management meetings and external forums
  • Oversees budget planning for total rewards
  • Provides expert guidance on budget analysis and utilization
  • Fosters strong partnerships with employees and managers.

Team Management & Leadership:

  • Leads, coaches, and mentors the Total Rewards & Well-being team
  • Sets clear expectations, provides feedback, and drives high performance
  • Addresses performance gaps and supports professional development
  • Performs any other related tasks as assigned by the HR Director to contribute to the success of the HR function.

Qualifications and Experience

  • Master’s Degree in Business Administration, Economics, Mathematics, Statistics, or a related field
  • A minimum of 10 years relevant professional experience, of which five (5) years should have been from an international development institution
  • In-depth and thorough knowledge of compensation & benefits concepts, principles of salary administration, benefits, including market best practice is required
  • Experience in HR policy and HR operations is highly desirable
  • Ability to work independently, apply analytical and quantitative skills to identify issues or problems
  • Ability to identify and offer suggestions for improvements, and collaborate to ensure integration with other policies, systems, and practices
  • In-depth knowledge of relevant technologies, business processes, or platforms is essential
  • Demonstrated knowledge of HR-related areas beyond compensation and benefits to facilitate connections with the broader department and institution
  • Ability to organize, prioritize, and deliver timely under high pressure
  • Extensive knowledge and expertise in Total Rewards, enabling skilled operation of the OPEC Fund's HR practices, procedures, and programs is essential
  • Ability to identify and diagnose needs. Ability to facilitate and implement interventions in order to address needs and drive change 
  • Ability to collaborate effectively with highly diverse colleagues
  • Ability to communicate clearly with diverse audiences, including non-technical audiences
  • Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.

Competencies:

  • Subject Matter Knowledge - The in-depth understanding and expertise in specific fields relevant to the OPEC Fund's operations and the individual's role.
  • Collaboration and Teamwork - The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
  • Customer Centricity  - The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships. 
  • Decision making - The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications. 
  • Problem Solving Ability - The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges. 
  • Trustworthiness, Ethics & Governance -The ability to act with integrity and transparency; safeguard confidentiality; demonstrate ethical decision-making and interactions; to adhere to organizational regulations and ethical benchmarks, foster a culture of compliance and strong governance; ensure team members understand and adhere to protocols.

Application Closing Date
23rd April, 2025.

How to Apply
Interested and qualified candidates should:
Click here to apply online


  

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