Rewards Specialist

Role purpose:

As a Total Rewards Specialist, you will play a pivotal role in designing, implementing, and managing our company's total rewards programs, including compensation, benefits, and payroll administration. Your expertise will be essential in ensuring that our compensation and benefits strategies align with the business objectives and support the attraction, retention, and engagement of top talent.

Key Responsibilities:

1. Total Rewards Strategy: Develop and execute a comprehensive total rewards strategy that reflects industry best practices and supports the company's long-term goals.
2. Compensation Management: Lead the design, analysis, and administration of competitive compensation programs, including base salary, incentive plans, and recognition programs. Conduct regular market benchmarking to ensure our compensation packages remain competitive.
3. Benefits Administration: Oversee the design, implementation, and administration of employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other fringe benefits. Evaluate plan effectiveness and recommend enhancements to meet the diverse needs of our workforce.
4. Payroll Administration: Manage all aspects of payroll processing, including but not limited to salary calculations, timekeeping systems, payroll tax compliance, and disbursement of employee wages. Ensure accuracy and timeliness of payroll processing while adhering to relevant regulations and company policies.
5. Employee Recognition: Develop and implement programs to recognize and reward employee contributions, fostering a culture of appreciation and engagement.
6. Performance Management: Collaborate with HR and business leaders to integrate total rewards considerations into our performance management processes, ensuring alignment between compensation, performance, and career development.
7. Compliance and Governance: Stay abreast of regulatory changes and ensure compliance with relevant laws and regulations governing compensation, benefits, and payroll. Maintain accurate records and documentation to support audit and reporting requirements.
8. Communication and Education: Develop communication strategies to educate employees on the value of our total rewards programs and promote understanding of available benefits. Provide guidance and support to managers and employees on compensation, benefits, and payroll-related inquiries.

Qualifications:

• Proven experience in total rewards management, including compensation, benefits, and payroll administration, preferably within the financial services or wealth management industry.
• Strong knowledge of compensation principles, benefits administration, payroll processing, and regulatory compliance.
• Analytical mindset with the ability to interpret data, conduct market analysis, and make data-driven recommendations.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
• Detail-oriented with a commitment to accuracy and confidentiality.
• Demonstrated ability to manage multiple priorities in a fast-paced environment.

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.