Compensation and Benefits Manager

Oakleaf Partnership; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global insurance firm is seeking an experienced Compensation Manager to lead the Compensation & Benefits function. This standalone role involves working closely with international HR teams and requires deep knowledge of Workday Compensation. The position offers a competitive salary and excellent benefits, including a bonus scheme and comprehensive healthcare.

Benefits

Bonus: 15%-20%

Pension: 10% employer contribution (+ matching)

Healthcare: Full family cover + dental

Electric car scheme

Qualifications

• Strong admin capabilities in Workday Compensation module.
• Leadership experience in high-growth, international environments.
• Experience with vendor management for Benefits.

Responsibilities

• Lead Compensation projects and policies across international markets.
• Design and implement the global Job Architecture framework.
• Manage gender pay gap reporting.

Skills

Stakeholder engagement

Leadership

Vendor management

Workday Compensation

Job description

Employer: Oakleaf Partnership

Location: London, England

Salary: Up to £90,000 per annum + Excellent Benefits package

Closing date: 22 May 2025

Sector

Accountancy, Banking, Finance & Insurance

Contract Type

Permanent

Hours

Full Time

Job Type & Benefits

Details provided below

Job Description

My client is seeking an experienced Compensation Manager (with a focus on benefits) to join a rapidly scaling, global insurance firm. This is a standalone role reporting to the international Head of HR (Vicky) and collaborating closely with stakeholders across the UK, US, and international markets.

You will lead and develop the Compensation & Benefits function, primarily focusing on Compensation (80%) and vendor management for Benefits (20%). Deep knowledge of Workday Compensation is essential.

Company Overview

This is a fast-growing, private-equity-backed global insurance group operating under a 'buy and build' model.

Salary & Benefits

• Bonus: 15%-20%
• Pension: 10% employer contribution (+ matching)
• Healthcare: Full family cover + dental
• Electric car scheme

Key Responsibilities

• Lead Compensation projects and policies across international markets
• Design and implement the global Job Architecture framework
• Manage gender pay gap reporting
• Set up and run compensation cycle processes (short- and long-term incentives)
• Develop and refine the Compensation philosophy
• Partner with international HR teams (India, US, Europe)
• Manage stakeholder expectations with minimal structure - thrive in ambiguity
• Lay the groundwork for building a team as the company grows

Must-Have Skills & Experience

• Strong admin capabilities in Workday Compensation module
• Leadership experience in high-growth, international environments
• Excellent stakeholder engagement skills - ability to operate independently
• Experience with vendor management for Benefits
• Insurance background is a plus, but experience in Financial Services is also valuable

About Oakleaf Partnership

Oakleaf Partnership is the UK’s largest independent HR recruitment consultancy. Established in 2005, we have built enduring relationships across sectors by combining expertise with a collaborative approach. We listen, share insights, and understand the unique culture of each organization.

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