Compensation Specialist

Job Description

Devex Talent Solutions is assisting Corporación Andina de Fomento - Development Bank of Latin America and the Caribbean (CAF) in their search for a Compensation Specialist. This position may be based in Argentina, Bolivia, Colombia, Chile, Ecuador, Uruguay, or Paraguay.

Reports to: Unit Chief / Senior Executive
Area: Compensation and Benefits Unit
Contract Type: Permanent/Full Time

Specialist in Compensation.

We are a multilateral financial institution supporting the sustainable development of our shareholder countries and promoting integration across Latin America and the Caribbean (LAC). We serve both public and private sectors, offering a variety of financial products and services, as well as generating and disseminating knowledge that incorporates social and environmental criteria.

With a data-driven People Strategy focused on creating a high-performance culture and continuous improvement, CAF, through the Corporate Management of Human Capital and Digital Transformation, is driving actions aligned with best practices in talent management. These initiatives provide agile and efficient processes, enabling the attraction and retention of talent within the organization.

What you will do:
You will propose, implement, and guide Compensation and Total Rewards strategies, ensuring they are competitive, equitable, and aligned with corporate objectives. Additionally, you will be responsible for designing effective organizational structures that maximize corporate performance and potential.

What you need:

• University degree in Industrial Relations, Human Resources, Business Administration, Economics, or a related field.
• Postgraduate degree (Master’s) in Human Resources or related fields.
• At least ten (10) years of specific experience in Compensation, Total Rewards, and Organizational Design.

Key Technical Skills:

• Advanced knowledge in Total Rewards.
• Advanced knowledge in designing and implementing compensation and incentive plans.
• Advanced knowledge in designing and managing organizational structures.
• Intermediate knowledge of statistical concepts.
• Intermediate knowledge of various Human Resources subsystems.
• Intermediate knowledge and experience in project management.
• Advanced knowledge of analytical tools and compensation software.
• Knowledge of labor and tax legislation related to Compensation.\
• Intermediate knowledge of Economics.
• Business acumen.
• Advanced knowledge of Excel and Office suite programs; knowledge of applied Artificial Intelligence is desirable.

Language Requirements:

• Spanish: advanced.
• English: advanced.
• Portuguese: desirable.

We offer:

• Contract Type: Open-ended (Staff), local, or international.
• Work Modality: Hybrid, with 3 days in-office and 2 days remote.
• Location: Member countries in LATAM.

Benefits such as:

• Leave and vacation
• Health insurance
• Wellness programs
• Professional development/training opportunities
• Competitive remuneration