Rewards Specialist

3 weeks ago


London, United Kingdom Lockton, Inc. Full time

**Job Description**:
Lockton are currently recruiting for an experienced Reward and Benefits Specialist to join our growing People function, in a newly created position. This is an excellent business-facing opportunity for a dynamic and extremely driven individual, joining a transforming business at a pivotal moment in the development of our Reward framework in the UK, Europe and across International.
- Role responsibilities:

- Interface with Business
- Work closely with the Head of Reward to manage the compensation, benefits and wellbeing framework for the business internationally (with a particular focus on UK & Europe)
- Deliver, alongside the Head of Reward, the annual pay review processes in a robust, accurate and timely manner
- Be focused on delivering a unique and best in class total reward offering for Associates and Partners at Lockton
- Partner with the business to provide advice and guidance on compensation, market and pay analysis and benefit activities
- Remuneration and Benefit Plans
- Act as a business expert across all plans and work closely with the HR Business Partners
- Drive regular remuneration and benefit plan communications
- Maintain effective relationships with key third party relationships and external advisors within clearly defined and timely processes
- Take ownership of the reward components of the UK partnership in conjunction with Payroll, Finance and Tax to ensure reporting deadlines are met
- Understanding and recording of Partner and Associate commitments including guarantees and buyouts as part of best practice
- Responsibility for all monthly and annual reporting requirements
- Market and Pay Analysis
- Manage annual and adhoc compensation survey submissions
- Manage all benchmarking analysis working closely with the People MI Analyst, including presentation of findings to the HR Business Partners and business stakeholders
- Provide guidance to the recruitment and payroll team as part of a robust approval process for new hires
- Awareness of wider total reward initiatives and keen to build external relationships
- HR Systems / Processes / Projects
- Lead on the implementation a new compensation management platform for FY23 (UK & Europe) and FY24 for International
- Ensure all reward related processes systems offer a high level of user experience
- Work closely with the HR Operations and Payroll on monthly processes

**Qualification**:

- Essential
- Significant previous experience within Reward - compensation and benefits
- Highly analytical - able to analyse large sets of data and identify key themes, anomalies and trends, and translate into summaries and proposals
- Excellent at problem solving - able to distil information from a variety of sources to diagnose problems and develop solution
- Excellent Excel ability - able to manipulate large data sets
- Driven to make an impact - leveraging data to drive proposals and challenge practices, to identify and drive high-impact solutions.
- Excellent communication skills - able to articulate and advise on complex queries to a variety of audiences, including senior stakeholders
- Commercial and client-focussed - ensuring a people perspective is at the heart of every solution
- Excellent attention to detail - ability to interpret large amounts of information quickly.
- Desirable
- Previous experience in the insurance broking industry
- Previous experience of Wellbeing within Reward
- Change management - exposure to projects involving change management and an understanding of how to effectively influence


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