Reward Analyst

Job title:

Reward Analyst

Company

Aldermore Bank

Job description

BACKING MORE PEOPLE TO GO FOR IT, IN LIFE AND BUSINESSAldermore Group was formed in 2019 by bringing together two very successful businesses under the FirstRand umbrella. Aldermore Bank, founded in 2009 and MotoNovo Finance, founded in 1999.Whilst our parent company operates internationally, with their HQ in South Africa, we are a UK based financial services specialist that supports our customers across a range of products and services, with hubs in London, Reading, Manchester, and Cardiff.Our customers include Small and Medium-sized Enterprises (SMEs); landlords; homeowners; savers; brokers and motor vehicle drivers – who may all need our specialist approach to reviewing their finances, so they get the right products and services that best suit their needs. To deliver our purpose of backing more people to go for it, in life and in business, we have three strategic drivers which we’re focusing on as a business:

• Stay ahead propositions
• Relationships that last
• Progressive platforms

Role Summary:We are seeking a highly skilled and detail-oriented Reward Analyst to join our HR Reward team. The successful candidate will be responsible for analysing our company’s reward and compensation programs. You will play a critical role in ensuring our Reward & Benefits structures are competitive, equitable, and aligned with our business objectives. Proficiency in data analysis and advanced Excel skills are essential for this role.Key Responsibilities:Data Analysis & Reporting:

• Analyse and interpret compensation data to provide insights and recommendations.
• Prepare detailed reports and presentations for management regarding compensation trends and market positioning.
• Utilize advanced Excel functions to manage and analyse large sets of data.

Reward Schemes:

• Support the development, implementation, and maintenance of Reward structures, including salary ranges, sales incentive plans, and employee benefits.
• Conduct job evaluations and market pricing to ensure competitive and equitable Reward practices.
• Assist in annual pay review and bonus processes, including modelling, analysis and problem solving.

Market Research:

• Perform regular market analysis to keep abreast of industry trends and Reward benchmarks.
• Collaborate with external compensation consultants and participate in salary surveys to gather relevant market data.
• Attend off site events where required to build on your industry knowledge and make connections to support you in your role

Process Improvement:

• Identify opportunities to streamline Reward & Benefit processes and enhance data accuracy.
• Implement best practices for data management and analysis within the HR department.

Qualifications:Education & Experience:

• A degree in a relevant field (or similar experience).
• 2-3+ years of experience in analytics, Reward, HR, or a similar role.

Skills & Competencies:

• Highly proficient in Microsoft Excel, including pivot tables, formulas, and macros.
• Strong analytical skills with the ability to interpret complex data sets and draw actionable insights.
• Detail-oriented with excellent organizational skills and the ability to manage multiple tasks simultaneously.
• Strong written and verbal communication skills.
• A strong communicator who can manage stakeholders and influence those around them.

Preferred Qualifications:

• Experience with HRIS systems, compensation management software and data visualisation tools such as Tableau or Power BI would be advantageous, but not essential

We champion equality by supporting the exceptions to the rule and getting finance to where it’s needed.We lend the money people save with us, to people who want to get on in life; build businesses and create employment, buy property for people to live and work in, and purchase vehicles to move families and goods around.

Expected salary

Location

London

Job date

Sat, 01 Jun 2024 02:54:52 GMT

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