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Lead Compensation Strategy Analyst
3 months ago
Who Are We?
At SPE Travelers Management, LTD, we prioritize the well-being of our clients, communities, and each other. Our commitment to excellence has established us as a leading property casualty insurer for over 160 years. Experience a culture that fosters innovation and collaboration, where you can truly enjoy your work.
Job Category
Human ResourcesTarget Openings
1What Is the Opportunity?
We are seeking a Senior Analyst of Compensation Programs to provide comprehensive compensation services for our European operations in collaboration with Human Resources and Compensation leadership. Your primary focus will be on developing competitive and cost-effective total compensation strategies, practices, and solutions to cultivate a high-performance culture.What Will You Do?
- Consult and support Human Resources Generalists and clients in addressing compensation administration, policy interpretation, job design, and turnover issues.
- Conduct market pricing, job documentation, evaluation, and data analysis, collaborating with the compensation team and HRGs.
- Optimize the use of compensation tools to align with business initiatives and compensation strategies.
- Gain in-depth knowledge of the assigned business area, analyze data, monitor trends, and recommend enhancements to retain, motivate, and recruit key personnel.
- Provide guidance on compensation aspects of new hire offers, including base salary, bonuses, and equity considerations.
- Prepare reports and analyses for management to support performance and rewards decisions globally.
- Assist in developing or revising job descriptions for various business groups.
- Review job descriptions to ensure clarity and inclusive language.
- Offer direction on job structuring and identify organizational design issues as needed.
- Ensure HR team members and managers have the necessary knowledge and tools for effective performance management and compensation administration.
- Design and deliver training related to compensation as required.
- Influence decision-making processes and contribute as a key resource.
- Lead complex and sensitive projects as assigned.
- Prepare and analyze reports for senior leadership and the Board of Directors to support compensation action recommendations.
- Provide support to the compensation lead and team members as necessary.
- Act ethically at all times, ensuring compliance with regulatory requirements through necessary training and certifications.
- Maintain accurate records of all transactions with customers and stakeholders.
- Perform additional duties as assigned.
- Embrace our core values: Be Committed, Be Connected, Be Creative, and Be Energized, which shape our success and enhance the work environment at SPE Travelers Management, LTD.
What Will Our Ideal Candidate Have?
- A degree in a relevant field such as Mathematics, Statistics, Economics, Human Resources, or Business Administration.
- Experience and knowledge of compensation compliance laws, market analysis, and pay structure design methodologies.
- Strong experience in pricing roles across various jurisdictions and currencies, as well as workforce planning and preparing materials for senior leadership.
- Familiarity with PeopleSoft or Workday HR systems and Cognos reporting software.
- Intermediate analytical problem-solving, influencing, communication, leadership, and project management skills.
- Proficient written, oral, and presentation skills.
- Advanced skills in Excel, Word, and related software, including the ability to create graphs and perform vlookups and pivot tables.
- CIPD qualification is preferred.
What is a Must Have?
- A Bachelor's degree or equivalent is required.
- Previous experience in a compensation role, particularly in job evaluation, role pricing, and survey submission/data analysis.
What Is in It for You?
- Private Medical Insurance: Eligible for single cover upon employment, with options for dependent coverage at your expense.
- Retirement: Basic contribution of 9% of pensionable salary to your Group Personal Pension Plan, with additional contributions available.
- Holiday Entitlement: A minimum of 25 days holiday annually, with the option to purchase additional days.
- Wellness Programme: Access to tools and resources to support your wellness goals, including professional counseling services.
- Volunteer Encouragement: Opportunities to engage with the community through our Matching Gift and Volunteer Rewards programme.
Employment Practices
SPE Travelers Management, LTD is an equal opportunity employer, valuing the unique abilities and talents of each individual. We recognize that our differences enhance our organization.
For inquiries regarding the physical requirements of this role, please reach out for assistance.
SPE Travelers Management, LTD reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs, please visit our website.
