Reward Analyst

Bupa; Leeds; Hybrid; GBP 40,000 - 45,000; Full time

Benefits offered by this job

25 days holiday per year

Flexible working

Fixed term benefits allowance

Employee assistance

Job summary

Bupa is seeking a Reward Analyst (6-month fixed term) to deliver key reward activities during the annual pay and bonus cycle. Hybrid working is available with two days in the office across Salford Quays, Kirkstall Forge, Leeds, London or Staines.

You will analyze data, model pay outcomes, and report insights to HR, Finance and leaders. The role develops expertise in compensation, pay governance and reward strategy within a health-focused insurer environment.

Qualifications

• Proven experience in an Analyst role with numerical, analytical skills.
• Advanced Excel capabilities for complex models and large datasets.
• Experience supporting reward, comp, pay review or bonus activities.
• Ability to translate data into clear insights for stakeholders.
• Attention to detail with sensitive data handling.
• Confidence working with HR, Finance and business stakeholders.
• Experience with salary benchmarking or pay gap reporting is advantageous.
• Familiarity with PowerPoint and presenting data clearly.
• Knowledge of Power BI, Workday and compensation methodologies is beneficial.

Responsibilities

• Lead and support key reward activities, focusing on annual pay review and bonus processes.
• Produce detailed reward analysis, modelling and reporting to support decisions.
• Manage bonus calculations, accruals and submissions with accuracy and compliance.
• Support development/maintenance of pay ranges using market data.
• Contribute to salary surveys, job matching and market analysis.
• Assist with gender and ethnicity pay gap reporting and governance.
• Provide reward insights to HR, Finance and leaders.
• Improve reward processes, reporting capabilities and data quality.
• Support job evaluation and grading through reward frameworks.

Skills

Analytical skills

Advanced Excel

Data interpretation

Stakeholder communication

Salary benchmarking

PowerPoint

Power BI

Workday

Korn Ferry methodologies

Tools

Power BI

Workday

Willis Towers Watson

Korn Ferry

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