Compensation Associate

This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
- About the Team
- The team is responsible for ensuring that compensation programs are aligned to, and support delivery of Company goals in a performance-oriented culture. The team designs fair and market-aligned compensation structures to attract and retain top talent.
- About the Role
- As Compensation Associate, you will help to develop and administer the company's compensation programs, ensuring equitable pay practices. You will be analysing market data, working with HR and management, and supporting strategic
initiatives globally throughout the organization. In this role you will have the opportunity to gain exposure to all elements of the compensation function.
- Duties & Responsibilities- Collaborating with HR and management to address compensation-related questions and concerns.- Participating in salary surveys to maintain current industry benchmarks.- Assessing compensation structures and ensuring they align with market trends and company strategies.- Assisting in the development and implementation of incentive programs.- Gathering and analysing salary data to support compensation decisions.- Supporting the interpretation of various regulatory requirements and performing required reporting and analysis.- Providing recommendations for process improvements within the compensation function.- Assisting with the education of HR partners, staff and managers on compensation practices through training sessions and materials.- Ensuring data quality across all Compensation related data including market benchmarks and job architecture.- Ensuring accurate record-keeping and reporting for compensation-related activities.
- About You
- We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
- Requirements- Have a basic understanding of equity-based compensation.- Be committed to professional development and staying abreast of compensation trends and regulations.- Have a basic understanding of concepts related to job architecture (e.g. job codes, job families etc).- Have a track record of contributing to annual compensation planning process.- Have some prior experience of creating and editing job descriptions within a defined framework.- Possess proficiency in compensation analysis and program administration.- Be able to demonstrate effective communication with a variety of stakeholders.- Be proficient in utilizing Workday and compensation management software (e.g. MarketPay, Pay Factors, Comp Analyst).- Possess the ability to maintain confidentiality and manage sensitive information.- Be skilled in data analysis and interpretation of large datasets, with proficiency using lookup formulas, pivot tables and IF functions.
- What We Offer
- You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
- About Axis
- This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
- Role Factors
- This role requires you to work from the London office 2-3 days per week.