Reward Analyst

Bupa; City Of London; Hybrid; GBP 40,000 - 45,000; Full time

Benefits offered by this job

25 days holiday pro rata to contract

Fixed term benefits allowance

Employee assistance programme

Job summary

Bupa is seeking a Reward Analyst on a 6-month fixed-term contract. The role offers hybrid working with 2 days in the office, with locations in London, Salford Quays, Kirkstall Forge and Staines.

You will deliver reward activities across the annual pay and bonus cycle, providing data-driven analysis and reporting to support decisions across HR, Finance and the business.

Qualifications

• Proven experience in an Analyst role with strong numerical and analytical skills.
• Advanced Excel capabilities with complex modelling and large data analysis.
• Experience supporting reward, compensation or bonus-related activities.
• Ability to translate data into clear insights for stakeholders.
• Strong attention to detail with sensitive data.
• Ability to collaborate with HR, Finance and business leaders.
• Experience with salary benchmarking or pay gap reporting is advantageous.
• Familiarity with PowerPoint and presenting data clearly.
• Knowledge of Power BI, Workday, Willis Towers Watson or Korn Ferry methodologies would be beneficial.

Responsibilities

• Lead and support annual pay review and bonus processes.
• Produce detailed reward analysis, modelling and reporting.
• Manage bonus calculations, accruals and submissions with accuracy.
• Support pay range development using market benchmarking data.
• Contribute to salary survey submissions and market analysis.
• Assist with gender and ethnicity pay gap reporting.
• Provide reward insights to HR, Finance and leaders.
• Improve reward processes, reporting capabilities and data quality.
• Support job evaluation and grading within reward frameworks.

Skills

Analyst experience

Advanced Excel

Data modelling

Salary benchmarking

Power BI

PowerPoint

Workday

Korn Ferry

Tools

Excel

Power BI

Workday

Willis Towers Watson

Korn Ferry

PowerPoint

Job description

Job Description:

Reward Analyst (6-month fixed term)
Locations: Salford Quays M50 3SP, Kirkstall Forge, Leeds LS5 3BF, London or Staines
Full-time position: 37.5hours
Salary Circa: £40,300 - £45,000 plus fixed term benefit allowance
Hybrid and flexible working options available - 2 days per week required in office

Role Overview

Are you a data-driven Reward Analyst looking to make a real impact? Over the next six months, this role will play a critical part in delivering key reward activities that support the annual pay and bonus review cycle, culminating in successful implementation during March and April 2027.

Working closely with Reward, Finance, HR and business stakeholders, you'll provide insightful analysis, modelling and reporting that helps shape reward decisions across the organisation. This is an exciting opportunity to influence high-profile reward programmes while developing your expertise in compensation, pay governance and reward strategy.

What You'll Be Doing

• Leading and supporting key reward activities, with a particular focus on annual pay review and bonus processes.
• Producing detailed reward analysis, modelling and reporting to support reward decision-making.
• Managing bonus calculations, accruals and submissions, ensuring accuracy and compliance.
• Supporting the development and maintenance of pay ranges using market benchmarking data.
• Contributing to salary survey submissions, job matching and market analysis activities.
• Assisting with gender and ethnicity pay gap reporting and other reward governance requirements.
• Providing reward insights to HR, Finance and business leaders.
• Helping to continuously improve reward processes, reporting capabilities and data quality.
• Supporting job evaluation and grading activities through established reward frameworks.

What We're Looking For

• Proven experience in an Analyst role with strong numerical, analytical and problem-solving skills.
• Advanced Excel capabilities, including building complex models, analysing large datasets and interpreting trends.
• Experience supporting reward, compensation, pay review or bonus-related activities.
• Ability to translate data into clear, meaningful insights for a range of stakeholders.
• Strong attention to detail with the ability to maintain accuracy when working with sensitive data.
• Confidence working with stakeholders across HR, Finance and the wider business.
• Experience with salary benchmarking, pay ranges, salary surveys or pay gap reporting would be highly advantageous.
• Familiarity with PowerPoint and presenting data in a clear and engaging way.
• Knowledge of Power BI, Workday, Willis Towers Watson or Korn Ferry methodologies would be beneficial.

Ideal Background

We're particularly interested in candidates from Reward Analyst, Compensation Analyst, Remuneration Analyst, HR Analytics, People Analytics or Finance Analyst backgrounds who are looking to specialise further in reward. This role would suit someone who enjoys working with data, thrives on solving complex problems and wants to see their analysis directly influence business decisions.

Benefits

Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health - from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.

Joining Bupa in this role you will receive the following benefits and more:

• 25 days holiday per year, pro rata to your contract.
• Access to a range of services to support your physical and mental wellbeing
• Fixed term benefits allowance
• Access to our confidential employee assistance

Why Bupa?

We're a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose - helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.

We encourage everyone to ”Be you at Bupa”. We champion diversity and want our people to reflect the communities and customers we serve, so we especially welcome applications from people with diverse backgrounds and experiences.

Bupa is a Level 2 Disability Confident Employer. We aim to offer an interview or assessment to every disabled applicant who meets the minimum criteria for the role. We will treat you fairly and provide reasonable adjustments throughout the recruitment process whenever needed.

If you need information about this role in an alternative format, please email [e-mail].

Time Type:

Full time

Job Area:

People & HR

Locations:

Angel Court, London, Bupa Place, Kirkstall Forge, Staines - Willow House