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.