Compensation and Benefits Analyst (24-month FTC)

Role Purpose

We have an exciting opportunity to support the Compensation and Benefits team with the analytics of reward programmes to help us attract, engage and retain employee satisfaction and a high performing workplace. This is a hands-on role where you will be responsible for activities relating to salary and benefits benchmarking and Share Awards and performance incentive plans across the Company.

Key Responsibilities

• Strong knowledge of the deliverables of the annual compensation cycle
• Lead on assigned people-related change and transformation projects effectively drawing upon the skills, knowledge and expertise of others within the HR function to drive capability and competency across the business
• Responsible for the successful delivery of compensation market data analysis for the designated business areas working closely with the Finance Business Partners, HR Business Partners, Talent Acquisition, and senior leaders to effectively manage headcount and employment costs in line with budget
• Intermediate knowledge of HRIS (Oracle is desirable) and a compensation tool with reporting functionality would be an advantage
• Design and develop all employee communication in various formats with the purpose of educating and upskilling employees on Total Reward information relating to all benefits.
• Take ownership of the timely and accurate response to Compensation and Benefits queries from across the business
• Support on compensation and benefits data analytics and benchmarking to support Total Rewards decisions and coach managers and senior leaders on its application to ensure consistency and compliance with UK employment legislation and mitigate risk in a regulated environment.

Knowledge, Experience, Skills and Abilities

You must have worked within a financial services, insurance or asset management environment (or consulting environment). A recognised qualification in Accounting, Economics, Mathematics, Commerce and/or accreditation to a professional body in a HR related field would be advantageous (although not a pre-requisite).

Technical

• Good knowledge of the principles and practices of compensation analysis and benchmarking
• Strong knowledge of the deliverables of the annual compensation cycle
• Proven track record of analysing and interpreting compensation data and applying it within a corporate context
• Strong experience of analysing and applying market data and survey systems, such as Willis Tower Watson or McLagan within a corporate context

Personal

• Advanced knowledge of MS Excel
• Excellent organisational skills, able to multitask and manage competing priorities
• Attention to detail to ensure accuracy with reporting
• Experience of partnering with internal stakeholders to successfully deliver the annual compensation review process on time and within budget
• A collaborative mindset, and strong communication skills to be able to engage with companies and present PIC’s engagement activity to internal and external stakeholders
• Ability and confidence to persuade and influence both directly and indirectly
• Commercial judgement

Benefits

• 28 days’ annual leave plus bank holidays
• Pension
• Insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection
• Save As You Earn (SAYE)
• Bonus
• Flexible Working
• Dress for your Day
• Cycle to Work
• Company events

And more