AddressCompensation Advisor (12 Month FTC, Maternity Cover)
London, (Smart working)
The candidate will partner to provide compensation support to the UK region. This includes, but is not limited to, client relations, compensation design, variable compensation, year-end support, salary offers, market survey submissions, regulatory reporting, and ad hoc compensation analysis and project support. The successful candidate will be based in our London, UK office and report to the Head of Total Rewards, UK & Lloyd’s.
DISCOVER your opportunity
What will your essential responsibilities include?
- Act as a first point of contact for compensation queries: Advises HRBPs and the greater HR team on compensation matters including but not limited to policies, procedures, the company`s compensation philosophy, market pricing/position, internal equity, job evaluation, broadband structure, and other aspects of compensation to ensure AXA XL is able to effectively recruit and retain top talent.
- Advise on compensation package design for new hires and promotions, including bonus and long-term incentive plan components.
- Provides analytical support in the development of merit budgets through survey data collection and analysis.
- Evaluate and analyse salary data – both internal and external market data.
- Recommend compensation positioning within internal structure.
- Participate in approved salary surveys through the collection and reporting of data to third-party survey providers. Reviews salary survey results and provides recommendations on additions/deletions of benchmark jobs in use.
- Support with UK Gender Pay Gap calculations and statutory reporting.
- Partner with the International Mobility (IM) when necessary on aspects of compensation for internationally mobile employees while ensuring accurate benchmarks are used.
- Proactively suggest improvements and enhancements to current compensation programs, policies and processes for both immediate needs and long-term objectives.
- Play an integral part in the support and design of the compensation modules within the HRIS system (Oracle Fusion), including partnering with our external consultant and internal technology team to design and test enhancements to the current system and processes.
- Resolve day-to-day tactical compensation issues and conduct extensive ad-hoc analysis as needed.
- Present or Deliver training to internal HR and business stakeholders as and when required on compensation related topics
- Interact and manage external stakeholders such as benchmark survey vendors where needed, providing information in a timely manner.
Year End process:
· Support the overall planning and execution of the annual global compensation cycle.
· Work with the HR Business Partners to ensure full support and information is in place for respective departments.
· Audit and clarify data and reporting structures in time for year end.
· Provide senior management with extensive modeling to allocate pools in line with business results.
· Under general guidance, act as the subject matter expert (SME) on compensation matters.
· Partner with IM and HR generalist team to ensure accurate calculation of awards for international mobility colleagues in line with policy
· Timely support of the Bonus Pension Sacrifice process in collaboration with the Benefits team
You will report to the Head of Total Rewards, UK & Lloyd’s.
SHARE your talent
We’re looking for someone who has these abilities and skills:
· Bachelor’s degree in business or a related field or equivalent experience is required. The ideal candidate will have up to date, current and relevant Reward/Compensation knowledge and experience.
· Working knowledge of global compensation issues and trends preferred.
· Previous Financial Services experience and ideally some knowledge of the insurance sector is preferred but not required.
· Extensive modelling experience and analytics experience is required
· Advanced working knowledge of MS Outlook, PowerPoint, Word and Excel, and Cloud based storage platforms.
· Experience with Oracle Fusion HCM or similar cloud-based HCM product knowledge preferred.
· Able to communicate effectively and interact through interpersonal skills across all levels of the organisation, including Senior HR and Business Leaders.
· Under general guidance, the ability to work and lead initiatives as required, demonstrating effective project management skill. Ability to apply an organised and systematic approach to accomplishing project deliverables
· Robust analytical and numerical skills.
· Experience working within a globally matrixed organization is desirable.
· Excellent attention to detail.
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.
- Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
- Robust support for Flexible Working Arrangements
- Enhanced family friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
For more information, please see axaxl.com/sustainability
