RITA IGHODALO
Lagos
Summary
An Experienced Compensation Analyst with over 10 years of expertise in the Financial Services industry. Currently working as, a compensation strategist, conducting market research, developing and implementing compensation strategies, and analyzing job positions. Skilled in collaborating with HR and management to design incentive plans and present reports to senior leadership. Proven ability to attract and retain top talent through competitive compensation packages.
Overview
18
18
years of professional experience
2
2
Certifications
Work History
Senior Compensation Analyst
Polaris Bank Limited
10.2018 - Current
- Payroll Transactions
- Maintained Proper data records to guarantee data integrity for Payment of Salary and Profitability Bonus
- Developed and implemented compensation strategies, policies, and programs to attract and retain top talent
- Analyzed and evaluated job positions to determine appropriate salary ranges and compensation structures
- Collaborated with HR and management to design and administer incentive and bonus plans
- Prepared and presented reports on compensation trends, analysis, and recommendations to senior leadership
- Statutory Requirements/Audits
- Ensure statutory deductions such as Tax Filling, Pension Remittance, etc
- Are correctly remitted to ensure a smooth relationship with external auditors
Payroll And Tax Consultant (Contract)
Salad Africa (Techstars’22)
04.2024 - 07.2024
- Determined product needs and created customized payroll solutions to fit Kenya Tax System
- Revised and Reviewed Nigerian version of Salad Payroll software to suit Nigeria environment
- Provided guidance and support to product and engineering teams on all payroll frameworks
- Accurately and efficiently implement all necessary data from the client (end-user)
- Reduced client tax liabilities by identifying applicable deductions and credits
- Advised clients on best practices for maintaining compliance with changing tax regulations, avoiding costly penalties
- Interviewed clients to obtain additional information on taxable income, deductible expenses and allowances
- Negotiated payment plans with taxing authorities on behalf of financially distressed clients, easing their burden
Branch Service Manager
Polaris Bank Limited
07.2015 - 09.2018
- Managed branch operations to ensure efficient service delivery
- Oversaw and developed a team of service representatives to meet customer needs
- Implemented and monitored customer service strategies to enhance customer satisfaction
- Analyzed branch performance and implemented improvement initiatives
- Collaborated with other departments to streamline processes and resolve customer issues.
Head Cash Center
Skye Bank PLC
03.2014 - 06.2015
- Managed daily operations of the Head Cash Center, overseeing cash handling, reconciliations, and banking activities
- Developed and implemented efficient cash management procedures to ensure accuracy and minimize cash discrepancies
- Trained and supervised cashiers and tellers, providing guidance on cash handling best practices and customer service
- Monitored cash flow and maintained adequate cash levels to meet business needs, while minimizing cash on hand to reduce risk
- Collaborated with Finance and accounting teams to prepare financial reports and forecasts related to cash management and cash flow.
Officer Foreign Exchange Payments
Stanbic IBTC Bank PLC
09.2012 - 03.2014
- Managed and processed foreign exchange payment transactions for clients
- Reviewed and verified the accuracy of trade confirmations and settlement instructions
- Collaborated with internal teams and external counterparties to resolve payment discrepancies and ensure timely settlement
- Implemented and maintained effective controls and procedures to mitigate operational risks
- Provided exceptional customer service by promptly addressing client inquiries and resolving payment-related issues.
Officer Confirmation Payment
Stanbic IBTC Bank PLC
01.2012 - 03.2012
- Managed and processed Officer Confirmation Payments for multiple clients
- Ensured accuracy and timeliness of payment transactions
- Investigated and resolved any payment discrepancies or issues
- Collaborated with internal teams to gather necessary documentation for payment processing
- Maintained detailed records and documentation related to payment transactions.
Signature Capture Officer
Stanbic IBTC Bank PLC
01.2009 - 12.2011
- Managed and processed a high volume of signature capture transactions accurately and efficiently
- Ensured compliance with legal and regulatory requirements by verifying and validating signatures on important documents
- Maintained and organized digital and physical records of signature capture transactions for easy retrieval and reference
- Collaborated with cross-functional teams to troubleshoot and resolve any issues or discrepancies related to signature capture processes
- Provided exceptional customer service by assisting clients with questions, concerns, and technical support related to signature capture systems.
Sales Officer
Stanbic IBTC Bank PLC
02.2008 - 01.2009
- Developed and implemented strategic sales plans to achieve company revenue targets
- Established and maintained strong relationships with key clients to drive repeat business and maximize sales opportunities
- Identified new market segments and devised effective marketing strategies to expand the customer base
- Analyzed market trends and competitor activity to identify sales opportunities and stay ahead of the competition.
NYSC Teacher-Science Club Coordinator
National Youth Service Corps
02.2006 - 02.2007
- Developed and implemented engaging science club activities to promote student interest and participation in scientific experiments and projects
- Managed and supervised science club meetings, ensuring a safe and inclusive environment for all participants
- Collaborated with school staff and local organizations to organize field trips, guest speakers, and hands-on workshops to enhance students' understanding of scientific concepts
- Evaluated and assessed students' progress and provided individualized guidance and support to help them achieve their scientific goals
- Coordinated and facilitated science competitions and events, fostering teamwork and critical thinking skills among club members.
Education
Bachelor’s Biochemistry -
Ambrose Alli University
Ekpoma, Edo StsteSkills
HRIS , Excellent Time management, Payroll, Excel, Financial Statement and Market data,
HR Practices, Total Rewards and Compensation Programs,Customer Relations, Client Relationsips
Survey data interpretation
Labor Market Research
Change Management Expertise
Data-driven decision-making
Project management abilities
Certification
Association of Chartered Certified Accountants (ACCA), 03/01/19
Timeline
Payroll And Tax Consultant (Contract)
Salad Africa (Techstars’22)
04.2024 - 07.2024
Senior Compensation Analyst
Polaris Bank Limited
10.2018 - Current
Branch Service Manager
Polaris Bank Limited
07.2015 - 09.2018
Head Cash Center
Skye Bank PLC
03.2014 - 06.2015
Officer Foreign Exchange Payments
Stanbic IBTC Bank PLC
09.2012 - 03.2014
Officer Confirmation Payment
Stanbic IBTC Bank PLC
01.2012 - 03.2012
Signature Capture Officer
Stanbic IBTC Bank PLC
01.2009 - 12.2011
Sales Officer
Stanbic IBTC Bank PLC
02.2008 - 01.2009
NYSC Teacher-Science Club Coordinator
National Youth Service Corps
02.2006 - 02.2007
Bachelor’s Biochemistry -
Ambrose Alli University
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