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Senior Rewards Analyst

Job LocationWesthill
EducationNot Mentioned
SalarySalary negotiable
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypeContract , full-time 31/8/2022 (potential to be extended to 31/12/2022)

Job Description

Senior Rewards Analyst(Hybrid working)As part of our clients new UK Reward and International Mobility Team, we are looking for a reward professional that can work across all levels of the organisation from ensuring transactional monthly activities are undertaken to ensure employees pay andbenefits are correct, through preparing complex reward data and liaising with our benefit providers.This is a new role created within the businessMAIN ACTIVITIES: Respond to general queries on compensation matters to HR Business Partners and HRSS e.g. promotion data, benchmark dataGather and prepare employee and payroll data to support the return of regular compensation campaigns e.g., annual salary review, bonus calculations, share subscriptionsPlan, prepare and submit the Companies input to selected salary and benefit surveysExtract and analyse outputs from salary and benefits surveys to compare companies position against our peer groupPrepare employee data and spreadsheets for the annual Salary Review Campaign, coordinate and share outputs with HRBPS before consolidating data for presentation to MD and HRD for validation.Prepare data extracts in order to calculate annual bonus payments (formulaic) in time for communication during the annual salary review process.Ensure any adjustments to compensation, bonuses paid etc are recorded and communicated to HRBPs, HRSS, Employees, Payroll with Systems updated accordingly.Prepare data required to support the annual union negotiations on pay and allowances (Unite represent limited population)Prepare general compensation calculations such as redundancies, early retirement, medical terminations etc as requiredWork with Senior Pay and Benefits Analyst to respond to general queries on benefit queries to employees, HRSS and Payroll.Monitoring UK benefits email account and ensuring queries are responded to quickly or redirected if appropriatePrepare an overview of all UK benefits for each of the UK businesses clearly indicating cover levels, providers and contact detailsCollate and consolidate all UK benefit provider documentation, rules etc within a single repositoryRaise or instruct the appropriate purchase requisitions and orders to be raised to ensure UK benefit invoices are apportioned and paid in a timely mannerConsolidate UK wide invoices from benefit providers, distribute costs in accordance with Company splits to UK businessesReview full benefits portal each year to update and communicate changes to benefits provision such as taxable benefit amountsEnsure implementation and maintenance of new Pension Plan Employee and Employer Contributions for the company as per consultation outcomesWorking with Pension and HRSS on those exiting the Pension Plans due to LTACoordinating retirement courses and the exit of those retiring from the businessPreparing annual life assurance data for renewalsConduct regular review of job grades between Group and local system (SAPHR) to ensure missing evaluations are identified and errors rectifiedCoordinate with Group the biannual campaigns for job grades and executive jobs thereafter follow through with outcomes and actions to the HRBPs and HRSS e.g. promotions, derogations etcAct as Company Correspondent (administrative role) for Capital Share Increase Campaign for the company and select other UK Business Units.Assist the Country Correspondent with the preparation and communication of the annual Capital Share Increase Campaign in the UKPrepare employee data and spreadsheets for the annual Performance Share Campaign, coordinate outputs with HRBPS before consolidating data for presentation to MD and HRD for validationCoordinate responses on a variety of share queries from employees by using contacts within share administratorsEnsure data is controlled and managed in a secure manner using key business tools (Teams, LiveLink, SharePoint, SAPHR)Conduct regular audits between systems to ensure accuracy of the data heldRegularly review and update the Compensation and Benefits intranet pages to ensure data is current and share required updates to business as appropriate.Work with appropriate stakeholders to promote and communicate all areas of reward within the business (and within the UK if required)Work with Manager to promote and communicate good practice in all areas of employee reward.SPECIFIC REQUIREMENTS: Educated to a higher level with substantial on the job experience in the field of reward and benefits management.Operating as part of a reward team ideally in the upstream oil and gas marketKnowledge of both compensation and benefits management and coordination.Strong numerical and analytical skills with methodical approach and rigorous attention to detail.Computer literate and experienced user of various applications primarily Excel, SAPHR and PowerPoint.Well-developed organisation, interpersonal and communication skills.Ability to prioritise and manage a heavy workload within tight timescales and set deadlines.Required to ensure reliability of data to provide management with the necessary information to assist in their decision making.The ability to define problems, analyse data, identify solution, and present recommendations is essential.

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