Benefits Lead

Job Description

Hello future Benefits Lead!

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

• Minimum Qualification – Postgraduate degree
• 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.
  
  

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Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

17/06/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.