Senior Reward Specialist - Executive Remuneration

Legal And General Group; London; On-site; GBP 50,000 - 90,000; Full time

Job description

Company Description

Legal & General is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, aiming to build a better society for the long term by investing our customers’ money in things that make life better for everyone and create value for our shareholders.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

Job Description

We’re recruiting for a Senior Reward Specialist - Executive Remuneration to join us. In this role you will provide support on all aspects of executive remuneration, design and oversight of share plans and regulatory reward compliance through involvement in planning for the annual Group Remuneration Committee and executive pay review cycles, ensuring the preparation of high-quality papers in a timely manner. You will prepare materials to support the review of remuneration for the General Management Committee (GMC) and other senior leaders as appropriate.

You will play a key role in ensuring compliance with all relevant remuneration rules and regulations including the maintenance of records of Identified Staff/ Code Staff across the Group and ensuring that remuneration policies and structures comply with regulations.

What you'll be doing:

• Support the Head of Executive Remuneration in research and analysis on executive remuneration policies and practice and the preparation of papers for the Group Remuneration Committee
• Planning for annual meeting cycle for the Group Remuneration Committee, including building and maintaining a timetable of activities required throughout the year and dates for meetings with key stakeholders ahead of Committee meetings
• Planning and administration of the annual executive remuneration pay review cycle, including the development and maintenance of templates and tools for benchmarking, bonus calculation and reporting to the Group Remuneration Committee
• Maintenance of records for roles subject to relevant remuneration rules and regulations, in particular Solvency II Identified Staff and FCA Code Staff, working closely with the Personal Responsibility Office (PRO) to ensure that records remain accurate and up to date
• Monitoring of variable remuneration arrangements for employees subject to remuneration rules, and monitoring annual variable remuneration awards for compliance with the necessary pay out principles
• Support the Head of Executive Remuneration in the design and oversight of share plans, liaising with Group Legal and the share plan administration team to ensure that share plan rules and award documentation remain up to date

Qualifications

Who we're looking for:

• Knowledge of executive remuneration, including the operation of annual bonus and long-term incentive plans
• Knowledge of external factors influencing executive remuneration and of the reporting requirements for FTSE 100 listed companies desirable
• Experience of writing high quality papers for presentation at Executive and Board level
• Highly numerate – adept at analysing information/insights
• Proficient in Microsoft Office, in particular Excel, Word and PowerPoint
• Ability to work with colleagues at all levels up to and including Board Directors

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Private medical insurance (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.