Compensation Benefits Manager

STATE OIL LIMITED; Weybridge; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking an experienced Compensation Benefits Manager to oversee employee rewards and enhance the benefits landscape. This role involves defining competitive compensation packages, maintaining relationships with external providers, and ensuring compliance with legislation. The successful candidate will leverage their expertise to attract and retain top talent while contributing to a culture of trust and satisfaction. Join a forward-thinking organization that values integrity and innovation, and make a significant impact on the employee experience in a global context.

Qualifications

• 4+ years of experience in a global HR function focusing on compensation & benefits.
• Extensive knowledge of HRIS and benefits administration platforms.

Responsibilities

• Define and implement a competitive total compensation and benefits package.
• Collaborate with M&A team to design reward packages for acquired employees.
• Lead financial analysis related to total compensation including salaries and bonuses.

Skills

HR Professional

Compensation and Benefits

Analytical Skills

Problem-Solving Skills

Project Management

Knowledge of Labour Rules

Tools

HRIS

Benefits Administration Platforms

Job description

Compensation Benefits Manager

Location: Weybridge, GB, KT13 0JT

We are looking for an experienced HR Professional in Compensation and Benefits to help oversee and administer employee rewards and our move towards a smart benefits landscape. You will help assess reward & benefits across several Group companies globally and draft targeted programs that will increase performance, organisational trust, and satisfaction. The goal is to attract, retain, and motivate high-quality employees while reducing turnover and enhancing our company's profile as the best place to work.

This is a great opportunity for an HR Professional who specializes in compensation & benefits and has over 4 years of experience within a global HR function with exposure up and down the energy value chain.

About Prax:

The Prax Group is a British multinational independent refining, storage, distribution, and sales conglomerate dealing in crude oil, petroleum products, and biofuels, headquartered in London. Our ability to deliver innovative customer solutions across the world has secured our reputation as a leading presence in the global energy market. Our mission is to conduct business responsibly, placing excellence, integrity, and philanthropy at the heart of everything we do.

Role Responsibilities

• Work with senior stakeholders and third-party providers to define and implement a fair, equitable, and competitive total compensation and benefits package that aligns with our company's strategy and business goals across multiple territories.
• Develop relationships with external providers to maintain the online benefits system for company employees while migrating to a new platform.
• Assist the HR Director in developing a consistent compensation philosophy in line with work culture and organisational objectives.
• Collaborate with the M&A team to design fit-for-purpose reward packages for acquired employees in the UK and overseas.
• Ensure that compensation practices comply with current legislation.
• Undertake Gender Pay Gap reporting, providing data and insights.
• Evaluate salary and labour market surveys to determine prevailing pay rates and benefits.
• Deploy effective communication strategies linked to changes, developments, and improvements across the benefits landscape.
• Lead financial analysis and modeling related to total compensation, including salaries, bonuses, and equity.
• Conduct market analysis and benchmarking to ensure competitive positioning of our rewards offerings.
• Address queries from employees, clients, advisers, colleagues, and product providers.
• Process new joiners to pension schemes.
• Update the database and ensure that client files are maintained.
• Act as a subject matter expert on all aspects of rewards, staying up-to-date with industry trends and best practices.

Requirements

• Demonstrable working experience in an international Reward and Benefits environment.
• Experience of M&A and integrating new employees into a benefits-rich platform.
• Extensive knowledge of HRIS and benefits administration platforms.
• HR-related project management experience.
• Prior experience in HR practices and the administration and management of employee benefits and claims.
• Able to work with multiple and third parties to build competitive reward offerings.
• Knowledge of current labour rules and regulations in the UK and beyond.
• Familiarity with various types of incentives and benefits including pensions.
• Excellent analytical and problem-solving skills.
• Strong quantitative and analytical skills.
• Excellent attention to detail.