Department/Unit:Date of Issuance:Deadline of Applications:Required Languages:Contract Type:Grade:Job Category:Recruitment Status:Contract Duration:Corporate Services / Human Resources Unit / Payroll, Comp. & Benefits FunctionDecember 18, 2025Interviews will be conducted on a rolling basis, and the position will remain open until filled.EnglishFixed Term ContractH1ManagerialInternational /Local**Two-year fixed term appointment, with the possibility of renewal.This is a re-opening of the vacancy. Candidates who already applied do not need to re-submit their application.*Please note that the recruitment modality for professional positions (international or local) will be determined in line with the OPEC Fund's policies and procedures, and based on the candidate's nationality and residency status at the time of appointment.While all nationalities are eligible for this role, nationals from the Member Countries of the OPEC Fund for International Development are strongly encouraged to apply. The Member Countries are: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela.Job Profile:The Head of Total Rewards is responsible for the design and implementation of a comprehensive, organization-wide compensation strategy that aligns with the OPEC Fund's objectives of ensuring a fair and competitive employee rewards program. This role ensures that compensation and benefits policies are in line with the organization's HR strategy and enhanced on a continuous basis. The position oversees payroll, compensation and benefits, employee administration, and employee offboarding. The incumbent leads a team at the headquarters in Vienna.Duties and Responsibilities:Strategic ResponsibilitiesDrives continuous improvement in the Total Rewards strategy to position the OPEC Fund as an employer of choice.Collaborates with the HR Director to develop and implement a modern Total Rewards strategy aligned with organizational goals.Standardizes and streamline processes to enhance efficiency and effectiveness.Provides expert advice on total rewards and well-being policies.Leads key initiatives and projects to enhance remuneration and reward systemsBenefits ManagementDesigns, reviews, and implements benefit programs and communicationsAnalyzes market trends to optimize benefits offeringsEnsures policies align with organizational needs and recommends changesConducts impact assessments for policy revisionsMonitors benefit utilization, financial impact, and sustainabilityServes as the escalation point for benefits inquiries and provides policy recommendations.Compensation & Reward ManagementMarket Analysis: Conducts salary benchmarking and provides data-driven insightsProgram Development: Implements competitive and performance-driven compensation structuresPolicy Compliance: Ensures adherence to labor laws and internal policiesSalary Administration: Oversees payroll coordination and policy adherenceStakeholder Guidance: Trains HR staff and advises leadership on compensation mattersBenefits & Allowances: Conducts periodic reviews and recommend enhancementsBudget Planning: Supports salary, allowance, and benefits forecasting.Health & Wellness: Manages and/or supports medical insurance, wellness programs, and employee support initiativesAudit & ComplianceEnsure compliance with reward policies and regulatory standardsLeads salary benchmarking, incentive plan management, and internal equity analysisAddresses audit findings with sustainable solutionsPolicy & Procedure DevelopmentMaintains and updates policies, standard procedures, and benefits documentationOversees medical insurance plan reviews and renewalsBenchmarks remuneration policies and implements new benefit programs as neededEnsures accurate record-keeping and serve as the escalation point for complex benefits issuesStakeholder Engagement & LeadershipRepresents HR in management meetings and external forumsOversees budget planning for total rewardsProvides expert guidance on budget analysis and utilizationFosters strong partnerships with employees and managersTeam Management & LeadershipLeads, coaches, and mentors the Total Rewards & Well-being teamSets clear expectations, provides feedback, and drives high performanceAddresses performance gaps and supports professional developmentPerforms any other related tasks as assigned by the HR Director to contribute to the success of the HR function.Qualifications and Experience:Master's degree in Human Resources, Business Administration, Economics, Mathematics, Statistics, or closely related field with at least 10 years of relevant professional experience, of which five (5) years should have been from international financial or development institutionBachelor's degree in the in Human Resources, Business Administration, Economics, Mathematics, Statistics, or closely related field with at least 15 years of progressively responsible relevant experience, of which five (5) years should have been from international financial or development institution, may be considered in lieu of a Master's degreeAt least five (5) years of managerial work experience is requiredIn-depth and thorough knowledge of compensation & benefits concepts, principles of salary administration, benefits, including market best practice is requiredExperience in HR policy andHR operations is highly desirableAbility to workindependently, applyanalytical and quantitative skills to identify issues or problemsAbility to identifyand offersuggestions for improvements, and collaborateto ensure integration with other policies, systems, and practicesIn-depth knowledge of relevant technologies, business processes, or platforms is essentialDemonstratedknowledge of HR-related areas beyond compensation and benefits to facilitate connections with the broader department and institutionAbility to organize, prioritize, and deliver timely under high pressureExtensive knowledge and expertise in Total Rewards, enabling skilled operation of the OPEC Fund's HR practices, procedures, and programsis essentialAbility to identifyand diagnoseneeds. Ability to facilitateand implementinterventions in order to address needs and drive changeAbility to collaborateeffectively with highly diverse colleaguesAbility to communicateclearly with diverse audiences, including non-technical audiencesFluent in English. Good working knowledge of Arabic, French or Spanish is an added advantageCompetenciesSubject Matter Knowledge- The in-depth understanding and expertise in specific fields relevant to the OPEC Fund's operations and the individual's role.Collaboration and Teamwork - The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.Customer CentricityThe ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.Decision making - The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.Problem Solving AbilityThe ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.Trustworthiness, Ethics & Governance -The ability to act with integrity and transparency; safeguard confidentiality; demonstrate ethical decision-making and interactions; to adhere to organizational regulations and ethical benchmarks, foster a culture of compliance and strong governance; ensure team members understand and adhere to protocols.