Compensation and Benefits Specialist

3 weeks ago

London, Greater London, United Kingdom aramco Full time
Total Rewards Specialist - Relocate to Saudi Arabia

This role requires relocation to Saudi Arabia - (Permanent Expat Family Relocation Package)

Overview

We are seeking a highly skilled Total Rewards Specialist to join the HR Policy & Planning Department (HRP&PD) in Saudi Arabia. The HRP&PD organization functions include planning, organizing, controlling, and directing the initiation, development, and establishment of all Corporate Human Resources policies, programs, and planning activities including compensation, benefits, special projects, and personnel policies, as well as managing all labor relations activities within Saudi Arabia.

The Primary Role

The primary role of the Total Rewards (TR) Specialist will be designing, implementing, and managing our company's compensation and benefits programs to ensure they align with our business goals and TR strategy to meet employee needs.

Key Responsibilities

  • Develop, implement, and manage competitive compensation programs, including salary structures, incentive plans, and equity programs.
  • Develop and implement a comprehensive HR harmonization strategy that aligns HR practices, policies, and procedures across organizations.
  • Conduct pre-M&A due diligence on HR-related matters, including employee contracts, compensation, benefits, and compliance issues, and identify potential risks and liabilities.
  • Oversee and manage employee benefits programs such as health insurance, retirement plans, wellness programs, and other benefits that support employee well-being.
  • Conduct regular market analysis to ensure compensation, benefits, and HR policies are competitive and aligned with industry benchmarks.
  • Develop clear communication strategies pertaining to compensation and benefits programs and associated policies.
  • Ensure that all compensation and benefits programs comply with legal requirements and industry standards.
  • Manage relationships with external compensation and benefits providers/consultants, develop required scope of work, and negotiate contracts to ensure cost-effective solutions.
  • Analyze compensation and benefits data to monitor trends and make recommendations for program improvements.
  • Provide guidance and support to Personnel Department and HR Business Partners regarding compensation, benefits, and policies addressing any concerns or questions.
  • Review and develop revisions for compensation, benefits, and HR policies to reflect any required legal changes.
  • Prepare reports and presentations on compensation, benefits, and HR policy metrics for senior management, providing insights and recommendations for strategic decisions.

Minimum Qualifications

  • Bachelor's degree in Human Resources, Business Administration, Economics, Finance, or a closely related discipline from a recognized program.
  • MBA and/or Master's degree is preferred in related fields.
  • At least five years of experience in total rewards, compensation, and benefits, preferably in a corporate environment with experience in HR due diligence analysis associated with pre/post mergers and acquisitions.
  • UK/EU/Turkish/Azerbaijan citizenship is required to apply for this role.

Additional Requirements

  • Strong understanding of compensation and benefits principles, market analysis, pay benchmarking, policy recommendation, incentive KPIs, retention strategies, and HR compliance regulations.
  • Excellent analytical/problem-solving skills with the ability to interpret data and provide actionable insights.
  • Detail-oriented with strong organizational and project management skills.
  • Proficient in using HRIS and compensation management software.
  • Solid Excel and PowerPoint skills, as well as experience in creating complex presentations for senior management.
  • Professional certifications such as Certified Compensation Professional (CCP) or Certified Employee Benefits Specialist (CEBS) are preferred or equivalent certifications.

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