Compensation and Benefits Analyst

About the role

The Compensation and Benefits Analyst works closely with HR and Operations to develop data-driven compensation solutions that support business objectives, employee performance and organisational growth. The role covers salary structuring, incentive schemes, payroll administration and HR reporting.

Key responsibilities

• Develop and maintain salary structures, bands and grading frameworks, conduct salary benchmarking and analyse salary costs, increments and allowances
• Prepare compensation reports and recommendations for management, and keep salary structures consistent across branches and business units
• Design incentive and performance-based schemes, commission and bonus calculations, and run cost simulations before implementation
• Monitor incentive performance and recommend adjustments, and prepare monthly incentive calculations validated against performance criteria
• Support end-to-end monthly payroll processing, validate payroll inputs such as attendance, overtime, leave and deductions, reconcile payroll data and investigate discrepancies
• Maintain payroll records confidentially and assist with payroll reports and monthly cost analysis
• Prepare monthly reports on payroll costs, salary distribution and incentives, and build Excel dashboards and automated reports
• Analyse workforce costs, prepare financial simulations for HR initiatives and support annual budgeting and manpower cost forecasting with HR and Finance

Required profile

• Bachelor's degree in Finance, Accounting, Business Administration, Economics or a related field
• 3-5 years of experience in compensation and benefits, payroll, financial analysis or a similar analytical role
• Experience developing incentive schemes, commission structures or performance-based compensation models is preferred
• Good understanding of payroll processes, salary components and compensation administration

Required skills

• Advanced Excel, including formulas, Pivot Tables, lookups and financial modelling
• Experience with HRIS or payroll systems; SAP SuccessFactors experience is an advantage
• Numerical, analytical and problem-solving skills, with strong attention to detail
• Ability to work independently and collaborate with HR, Finance and Operations teams