Rewards Associate

6 days ago

Karachi, Sindh, Pakistan PARCO - Pak-Arab Refinery Limited Full time $40,000 - $80,000 per year

Pak-Arab Refinery Limited (PARCO), an integrated energy conglomerate, is a Joint Venture between Government of Pakistan and Emirate of Abu Dhabi. PARCO owns and operates Pakistan's most modern refinery, over 2,000 kms of pipeline network, strategic storage facilities and marketing operations. The Company has Joint Ventures with renowned international companies and is continually following an aggressive growth strategy with planned expansions, acquisitions, and penetration into new markets.

Qualifications, Experience, and Skills:

  • BS (Accounting & Finance)/ ACCA (MBA in Finance/HR will be preferred)
  • Up to 8 years of experience in Compensation & Benefits, Reward Management, Budgeting/Cost Analysis, Job Evaluation, Salary Benchmarking, and HR Analytics.
  • Exposure to HRIS systems (SAP HCM, SuccessFactors, Workday, or Oracle) will be an added advantage
  • Proficiency in MS Office Suite, with advanced MS Excel skills (pivot tables, VLOOKUP, data modelling).
  • Hands-on experience with HRIS/HCM systems (preferably SAP HCM, SuccessFactors, or equivalent).
  • Strong analytical and numerical ability with attention to detail.
  • Professional certifications in HR/Compensation (e.g., CIPD, SHRM, GRP, CCBM) will be an added advantage.
  • Exposure to job evaluation methodologies (Hay, Mercer, Korn Ferry) is desirable.

Responsibilities:

  • Prepare and process employee salary increments, adjustments, and revisions in alignment with performance outcomes and company policies, and coordinate with Finance for timely disbursements.
  • Formulate and administer annual and performance-based bonus payouts, ensuring accurate calculations based on scorecards and individual achievements, and facilitate related payments.
  • Participate in compensation and benefits surveys, analyze market data, and conduct proactive reviews to ensure organizational pay structures and benefits remain competitive and aligned with industry trends.
  • Develop and propose compensation packages for new hires by analyzing their current remuneration and ensuring internal parity, fairness, and adherence to organizational compensation philosophy.
  • Review terminal and ongoing compensation practices, recommending enhancements in line with emerging market trends and best HR practices.
  • Prepare HR-related budgets, including REVEX, CAPEX, and Salaries & Allowances with comprehensive waterfall analysis and updated financial estimates.
  • Lead and cascade Reward Communication sessions to employees, fostering transparency, awareness, and understanding of compensation programs and policies.
  • Serve as the primary interface for HR Business Partners on all compensation and benefits-related matters, providing expert guidance and solutions to ensure consistency and alignment.
  • Contribute to the preparation of Board Presentations and Packs for ratifying HR policy changes and reward strategy approvals, ensuring alignment with organizational objectives.
  • Draft and review approval notes, Standard Operating Procedures (SOPs), and other documentation necessary for obtaining formal management approvals for compensation and benefits initiatives.

Location
: Corporate Headquarters (CHQ), Karachi.

PARCO is an equal opportunity employer. We value diversity and encourage candidates from all backgrounds to apply. Our commitment to a conducive work environment is designed to attract and nurture top talent.

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