Reward Analyst

Reward Analyst

Reporting to the Head of HR and the Compensation, Benefits & Payroll Manager, this is a high-profile and critical role, providing global compensation support for employees across multiple countries. You will be an experienced financial compensation/ Reward analyst within HR projects, able to hit the ground running and support the development of the global salary, bonus and incentive structures, manage the annual compensation budgeting and benchmarking process, and maintain the country-specific payscales. This role would suit an experienced HR finance analyst who has chosen to specialise in financial analysis and who has a thorough understanding of budgets and forecasting, and of accounting principles to back-up analysis within an HR function.

This is an urgent requirement and so candidates with a long notice period cannot be considered. Candidates must be Oxford-based.

Reward Analyst Responsibilities

Some of your responsibilities will include but not be limited to:

• Data collection, role matching and related analysis of survey reports for global salary benchmarking survey submissions
• Support bi-annual global salary and performance review process including preparation of pay and pay inflation analyses, pay budgets, pay proposal materials, analysis of proposals, and implementation
• Provide recurring compensation metrics, data reporting and other analyses
• Monitor data integrity
• Manipulate, model, analyse and interpret large data sets, draw conclusions and create a compelling narrative to add value to compensation-related decisions
• Design, build and implement analytical models using people and market data to forecast costs and identify issues and impacts
• Provide data insights for REMCO
• Support with the calculations, analysis, and awarding of sales and bonus incentive programmes

Financial Compensation Analyst Rewards

In addition to a competitive salary the Financial Compensation Analyst will receive the following benefits:

• 25 days annual leave plus 8 days bank holiday
• EAP
• Cycle to work scheme
• Reduced gym membership and restaurant discounts
• Ongoing learning and development opportunities and career development opportunities

The Company

This organisation prides itself on its fun loving, diverse and engaging work culture. Employees are passionate about their roles and build a supportive environment around their colleagues. It is important that each member feels a part of a team and that they strive together towards one goal, having fun along the way.

Reward Analyst Experience

To be successful in this Financial Compensation/ Reward Analyst role you will be a self-starter and a resilient character able to influence and present to senior stakeholders confidently and with strong data integrity. You will be numerically focused, technically astute and financially minded with prior hands-on commercial experience of analysing and explaining how you have achieved the financial data result whilst being asked questions and be comfortable with numbers and presenting. You will be experienced at financial data cleansing, big data manipulation and data modelling. You will have previous experience of gaining board sign-off and have experience of managing and analysing raw paid for salary data for global roles, multiple geographies, and multiple currencies. You will be experienced at providing the financial narrative for senior leadership meetings around salary and financial accounting data and understand the different salary implications and compensation rules in different regions globally.

You must be educated to degree level (or equivalent) in finance or an equivalent STEM discipline and possess advanced MS Excel, MS Office and Power BI skills. You must have previous experience in financial reporting and analytics and understand survey methodologies including job matching, reporting line and responsibilities. You must have strong business acumen and demonstrable experience of handling high volume projects and complex transactions efficiently and to tight deadlines. As the point of contact at all levels of the company for financial compensation enquiries, you must be able to push back with robust arguments for your decisions in areas such as inflation pay rises, standard pay rises, pay off-payscale, pensions etc.

The suitable candidate must have a proven and demonstrable background of performing analysis in HR related contexts with relevant financial data and projects, such as inflation and its effect on salaries and consequently employees for example. You must have experience of cooperating with Finance to create a suitable narrative and presenting to the executive team.

Location

This role is based in Oxford, OX1 and is hybrid - with 3 days in the office, and 2 days working from home. Please note that there is no parking available. The office is accessible via public transport, park & ride, cycle or walking.

You must live in the Oxfordshire area or be are able to do this commute at least 3 days a week to apply.

You must have the right to work in the UK.

How to Apply for this Reward Analyst role

Please apply by sending your CV and cover letter to (url removed)

Please note there will be an advanced MS Excel and Power BI test to complete for the client as the initial interview stage and so please only apply if you are an advanced level user and comfortable doing this online assessment.

"INDBOOST"

Allen Associates is a leading recruitment company in Oxfordshire recruiting for Marketing, Finance, Human Resources and PA/Administrative roles. Allen Associates operates as an Employment Agency for permanent recruitment and an Employment Business for temporary recruitment. For more information on current vacancies please visit (url removed) and follow us on Twitter, LinkedIn and Facebook. For our latest vacancies follow our Jobs on Twitter