Senior Reward Manager

 

Job reference number 315494

Senior Reward Manager

Car allowance - £5,500 or £5000 cash equivalent  Healthcare - Full family
18% Bonus potential
Company pension scheme with highly competitive contribution rates
Generous annual leave offering of 27.5 days, plus bank holidays, increasing to 30 days after 10 years service

 Permanent, Full time 

185 Farringdon rd, London, EC1A 1AA

 

Are you ready to lead innovative reward strategies that attract and retain top talent? Do you have the expertise to connect business challenges with creative reward solutions? If so, we have the perfect opportunity for you!

 

About the role

 

 

As a Senior Reward Manager, you will be an integral part of our Reward Centre of Excellence, providing expert advice on all reward matters across the organisation. Your leadership on key reward projects will ensure that our business and HR teams make informed and commercially sensible decisions.

 

This role is pivotal in supporting our people strategy and driving the company's success.

 

Key Responsibilities:

1.    Business Partnering: Serve as the primary reward advisor to HR and operational leaders, ensuring cohesive and effective reward management, including benefits.

2.    Project Leadership: Lead critical reward projects from conception through to successful implementation, such as job architecture and sales compensation effectiveness.

3.    Incentive Schemes: Develop and design incentive schemes, including cost analysis, metric selection, and clear communication strategies.

4.    Financial Collaboration: Work closely with the Finance team to ensure accurate accruals and provide guidance on any significant changes.

5.    Annual Salary Review: Support annual salary reviews, recommend pay budgets, and ensure precise market benchmarking for both unionised and non-unionised populations.

6.    Performance Linkage: Collaborate with the Performance Manager to align performance and reward, including the annual bonus design and budget allocation.

7.    Role Evaluation: Act as the main point of contact for grading and evaluating roles within the organisation.

8.    Market Knowledge: Stay updated on external market trends in pay levels and remuneration structures.

9.    Team Leadership: Provide leadership and mentorship to team members, assisting the Head of Compensation in upskilling the team for career progression.

Why Join Us?

•    Group-wide Impact: Your work will have a significant influence across our entire organisation, driving business change and fostering a rewarding work environment.

•    Team Collaboration: Be part of a dynamic Compensation team of six members, where your contributions are valued, and collaboration is key.

 

•    Professional Growth: We are committed to your career development and provide opportunities for continuous learning and advancement.  

 

About You

 

Key Skills and Qualifications:

•    Strong focus and attention to detail with excellent numeracy and financial skills.
•    Senior-level understanding of reward practices, both fixed and variable compensation. •    Effective and engaging communication skills, both written and oral.
•    Proven ability to influence key stakeholders and forge strong working relationships.
•    Adaptability to change and a high level of commercial and financial acumen.
•    Experience in designing incentive schemes and working in large, complex, multi-national organisations.

 

Extra Benefits

•    RMG Share Schemes - partnership and matching share offer
•    Family friendly support - enhanced maternity pay, paternity leave, adoption leave and shared parental leave
•    Discounts and offers - there are more than 800 offers to help you save on things like groceries, days out, holidays and your household bills*.
•    Supportive and generous company sick pay
•    Your Wellbeing - you and your family have 24/7 access to services and tools to help you get t