Luxembourg Job Openings

SEB

Compensation & Benefits Specialist to SEB Luxembourg

Luxembourg

October 17, 2024

SEB is a leading international financial services group with customer bases among both private individuals and organizations. We are recognized for our expertise and customer-centric approach, which we achieve by listening to our customers, committing to quality and trust, and encouraging an entrepreneurial mindset in everything we do.

SEB Luxembourg branch serves as the hub for Private Wealth Management & Family Office services to Nordic nationals living abroad. It is also the base for many of SEB’s funds and offers global custody and related depositary services to financial institutions. We are around 150 employees with over 20 different nationalities.

About the position

The overall objective of the Human Resources function is to ensure that SEB has the required organizational capabilities to execute on its business plan. HR supports the business by providing high quality services on a timely manner and acting as an advisor in all HR matters.

The HR team in Luxembourg is a team of three HR professionals, responsible both for the strategic and tactical HR support and advisory and general HR deliveries such as talent acquisition, management of employee lifecycle, employee relations, performance management, compensation & benefits etc.

We are now looking for a senior person to our team to cover the area of Compensation & Benefits and also HR administration. The person will work closely with an external payroll provider, which is responsible for the actual payroll calculations.

Key responsibilities in this role can be summarized as follows:

Process payroll in an accurate and timely manner, ensuring compliance with company policies and local regulations.
Control the payroll calculations prepared by an external payroll provider.
Reconciliate the payroll accounts monthly.
Manage benefits, including pension plans, company cars, interest subsidies etc.
Maintain and update employee payroll records, including new hires, leavers and any other changes applicable to the employee lifecycle.
Respond to employee enquiries regarding payroll, benefits, absences etc.
Prepare employment contracts, addendums and work certificates.
Ensure proper absence management and related reporting.
Liaise with local authorities (CCSS, CNS, tax authorities etc.).
Prepare forecasts for the finance department in regards HR related costs.
Prepare statistics and analysis for the management on various topics related to costs, absences and remote work.
Support other HR colleagues in the annual remuneration review.
Stay up-to-date with changes in payroll related laws and regulations to ensure compliance.

What we are looking for

We are looking for someone who has at least eight years of experience from Compensation & Benefits role from Luxembourg and experience in handling HR administrative tasks related to the employee lifecycle. To be a successful candidate for this role, you need to have a solid knowledge on payroll and benefits handling, pension plan management, cross-border taxation aspects and handling of the payroll for expats etc. We expect you to have a good understanding of the Luxembourg Labour Law, Collective Bargaining Agreement for banking sector and regulations related to social security and taxation.

In addition to the above requirements, we expect you to have the following qualities:

Strong analytical skills and high attention to details
Structured way of working and solution-oriented mindset
Good problem-solving skills
Strong focus on high quality and timely deliveries
Service-minded approach with proactive attitude
Fluent in English, both spoken and written; in addition, a professional efficiency of French is required

What we offer

The role is very independent, but you will have the support of the two other HR colleagues. In this role you will have the possibility to develop new and more effective ways of working and drive process improvements.

In addition to the above, we offer you:

Modern working tools
International working environment
Competitive remuneration package
Possibility to work from home part of the working time
Friendly working environment with focus on health & wellbeing

Send your application

If you think that you could be the right candidate for this role, please send your application with a Cover Letter and CV in English as soon as possible, but at the latest on 15 November 2024. Please note that we accept only applications written in English.

Please be informed that candidate selected for this role will need to provide their Criminal Record Certificate and a name screening against sanctions list will be performed as a part of the background check process.

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