Financial Reward Analyst

MAIN RESPONSIBILITIES:

• Support with the administration of the bonus schemes through preparation of new joiner bonus letters and administration of individual entitlements, pro-rating and preparation of payment files for Finance approval and Payroll processing.


• With oversight from the Reward Manager, manage the administration of the annual pay review process, creating business unit pay review sheets, distributing and collating pay data including analysis of pay data for individual anomalies, suggesting and reviewing recommendations for non-standard pay rises and review of inbound pay proposals prior to senior leader approval.


• With support from the Reward Manager, manage the holiday trading process - preparing sign-up e-forms, managing colleague requests for holiday trading and subsequent line manager reviews and approvals through to preparation of the final approved holiday trading file ready for uploading into the holiday system.


• Support with data preparation for new benefit sign-ups, managing communications to eligible colleagues and preparation of sign-up forms through to new member lists ready to submit to our brokers and benefit providers for new plan set-up.


• Support with various data-driven projects such as benefit renewals or preparatory work in readiness for starting to payroll benefits that require large scale data manipulation and analysis, often using Excel at an intermediate to advanced level.


• Support with cost analysis and financial modelling of new and existing benefits and financial arrangement

QUALIFICATIONS & EXPERIENCE:

• Educated to college level or higher, including GCSE Maths and ICT (or equivalent).


• Financial qualifications are preferred but not essential


• Previous experience of Benefits administration, such as annual pay reviews, bonus reviews or implementing new benefits would be advantageous.


• Strong Excel and data management skills, including experience of manipulating large volumes of data, and using various formulas for data analysis in Excel.


• Intermediate to advanced IT skills, be proficient in Microsoft Office suite with the ability to interpret and analyse data on Microsoft packages such as Excel, Word, PowerPoint.


• Strong numeracy skills.


• Knowledge of payroll (systems, processes or rules) an advantage but not essential.


• Experience of administration of e-Forms, online surveys etc would be beneficial.


• Knowledge of mail merges advantageous.


• Ability to prioritise workload, to manage multiple spreadsheets or data sets at one time, ensuring information is captured correctly and available as needed.


• Ability to work collaboratively and on own initiative.


• Excellent communication skills, both written and verbal, able to effectively and clearly summarise information needed.


• Strong attention to detail, able to read and review data, to notice potential errors and put forward corrective actions.