Reward Manager

Management Level

F

EQ Retirement Solutions is transforming the retirement and pensions markets with leading administration and technology solutions. With over 1200 employees globally, 189 years of knowledge and 11 million pension scheme members and policyholders, we are here to help people plan for a confident financial future by delivering innovative, reliable and customer-focused retirement services. Our teams are driven by a shared commitment to excellence, collaboration and making a real impact to the lives of our clients and customers.

Role Summary

Reporting to the Head of Reward, the purpose of this role is to drive and deliver a commercial, customer focused, pro-active and solutions focused specialist reward service to the business and colleagues.

The Reward Manager is responsible for identifying, implementing, and maintaining reward structures to support the strategic direction of the business. These activities and other project work have a global impact (Retirement Solutions has colleagues located in India and the UK).

You will therefore be responsible for providing expert reward advice, support & data and ensuring relevant statutory compliance.

Core Duties/Responsibilities

The successful candidate will be responsible for the following:

• Support the Head of Reward in delivering Retirement Solution’s significant Reward agenda, its annual and standard remuneration processes (e.g. Salary Review and Bonus), ensuring they are delivered accurately and within required timeframes. To include the calculation, production and validation of supporting data and the provision of modelling and analysis to aid decision making.
• Continually manage the implementation and ongoing maintenance of the overall organisation design, encompassing job evaluation/benchmarking and grading structures.
• Support the Head of Reward in designing, developing, and implementing Retirement Solution’s Reward plan.
• Ensure accurate participation in salary surveys and explore appropriate new surveys for relevant usage.
• Oversee the administration and policy review of India Group Medical Insurance, Life Insurance, Personal Accident Insurance, OPD (Out-patient cover), by liaising with stakeholders including our insurance brokers. Including oversight of any provider invoicing.

• Review existing benefits to ensure delivery against wellbeing strategy and recommend proposals to adjust, as necessary.

• Oversee policy and administration of India Reward and Recognition by liaising with stakeholders, HR team.
• Oversee the preparation of the annual Gender pay report.
• Continually listening to colleagues and understanding impact of the reward plan for all colleagues.
• Ensure that colleagues are treated fairly and accurately in all our reward processes and that they are clear, easy to follow and well communicated.
• Leverage technology and look for ways to simplify our processes so the team can operate more efficiently (e.g. through Workday/AI).
• Deliver knowledge on the market and competitor remuneration and advise accordingly. Scan and keep abreast of emerging Reward trends and practices.

• Assist the wider Reward Team with projects, reporting, and analysis.
• Oversight of recognition plans, ensuring value for money and employee outcomes.

• Maximise the application of compensation tools to support business initiatives/compensation strategies.
• Lead on the planning and implementation of Reward programmes and projects.
• Point of escalation of compensation and benefit related queries and calculations.

 

The duties and responsibilities outlined above are to be regarded as broad areas of responsibility and do not necessarily detail all tasks which the post holder may be required to perform.

Skills, Capabilities and Attributes

The ideal candidate will have the below skills, capabilities, and attributes essential or preferred.

• Degree Educated
• HR/ Compensation related certification – e.g. CIPD/SHRM desirable
• Experience of managing multiple reward programmes and projects, with significant budgetary management in a complex global environment.

Essential:

• Proven analytical experience; interpreting data and using information to inform business options and outcomes.
• Sound knowledge of incentive structures, benefits, grading, pay structures, pensions, pay, and related legislation.
• Experience with benchmarking (e.g. Global Grading / Hay methodology).
• Highly proficient in the use of Excel (able to build complex models).
• Excellent numerical and analytical skills and attention to detail, with the ability to interpret data, and to present, analyse and propose recommendations clearly.
• Highly commercial, collaborative, engaging and credible, with the ability to communicate and influence at all levels.

Desirable:

• Demonstrable project management skills.
• Broad knowledge of HR systems.

What We Offer

Being a permanent member of the team at EQ you will be rewarded by our company benefits; these are just a few of what is on offer:

• 3 days of additional leaves on & above statutory requirement along with 2 days of voluntary leaves to pursue the CSR initiatives.
• Business related certification expense reimbursement
• Comprehensive Medical Assurance coverage for dependents & Parents
• Cab transport for staff working in UK & US shift.
• Accidental & Life cover 3 times of concerned CTC

We are committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships. Please note any offer of employment is subject to satisfactory pre-employment screening checks.