Reward and Benefits Manager
4 weeks ago
Job Summary
This role is responsible for managing the delivery of all reward and benefits activities and supporting the delivery of the reward strategy within the HR team at Close Brothers Asset Management.
The area of responsibility for this role will be to oversee reward activities such as bonus and pay reviews, annual benefits processes, and other reward projects.
Key Responsibilities
- Manage and oversee reward activities such as bonus and pay reviews, annual benefits processes, and other reward projects.
- Strategically review the effectiveness of existing reward schemes by engaging with the Head of HR and other senior stakeholders, making recommendations for change as appropriate.
- Lead on the design, approval, and implementation of new compensation schemes as needed, providing expert advice on remuneration regulation and reward constructs.
- Manage all benefits, including accountability for annual insurance renewals, selection of providers, and benchmarking of benefits offering.
- Effectively engage and promote benefits to support colleagues in understanding the company benefits offering, including total reward statements.
- Build and maintain relationships with external benefit providers and benefit brokers.
- Work closely with the Finance team to ensure that all benefits are correctly charged by providers and invoices are paid in a timely manner.
- Complete compliance reporting, such as pay audits, national living wage audits, and gender pay reviews.
- Stay up to date with FCA legislation, HMRC legislation, pay forecasts, pension auto-enrolment, and other regulatory requirements.
- Work with all teams across the business to ensure data is correctly maintained in the HR systems and challenge the data where necessary.
- Provide support to the HR team on any ad-hoc reward and benefits queries.
- Prepare RemCo papers and present to Exco as needed.
Regulatory Responsibilities
- Demonstrate an understanding of the regulatory framework relevant to the role, while practicing effective risk management, taking account of outcomes for clients.
Requirements
- Proven experience and track record within a Reward and Benefits role.
- Knowledge of role benchmarking methodologies and carrying out job analysis.
- Knowledge of FCA legislation and regulations regarding incentives, bonus schemes, pensions, GPG reporting, national minimum wage, and tax.
- Experience of managing relationships with third-party benefit providers/brokers.
- Strong numerical and analytical skills.
- Advanced Excel skills.
- Experience of working with large data reports (sometimes from multiple sources) and analysis of complex data.
- Excellent communication and interaction with senior stakeholders.
- Ability to present data clearly and in an understandable way.
- Good HR systems knowledge.
Closing Brothers Asset Management is committed to equality and valuing diversity within its workforce. We provide equality of opportunity and aim to ensure that no employees or candidates are subject to discrimination on grounds of any characteristics, including but not limited to gender, gender identity, marital status, sexual orientation, race, colour, nationality, religion, age, disability, working pattern, caring responsibilities, political beliefs.
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