Reward Analyst (18-month FTC)

JR United Kingdom; Slough; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading company is seeking a Reward Analyst for an 18-month fixed term contract based in London. This role involves supporting compensation, managing HR systems, and assisting with various Reward administration tasks. The ideal candidate will be experienced in HR functions, possess advanced Excel skills, and have a strong attention to detail. The company values diversity and is committed to fostering an inclusive environment for all employees.

Qualifications

• Minimum of two years' experience within a HR function, ideally within Reward.
• Advanced user of Excel (pivot tables, look-ups, IF formulas).
• Good understanding of technical HR systems.

Responsibilities

• Manage Co-Investment bonus scheme administration and support annual LTIP events.
• Support HR Director with year-end compensation processes.
• Create and maintain procedure documents for critical Reward processes.

Skills

Strong IT skills

Attention to detail

Project management

Communication skills

Job description

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Job title – Reward Analyst (18-month FTC)

Location – London

About Federated Hermes:

Federated Hermes, Inc. is a global leader in active, responsible investment management, with $839.8 billion in assets under management, as of March 31st, 2025. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.

Our clients include corporations, government entities, insurance companies, foundations and endowments, banks, and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com

Main Function of the role:

Provide support in compensation, management information (MI) and HR systems. The role is responsible for assisting the HR Director and Reward Business Partner with year-end and other projects, coordinating the collation of benchmark survey data, deferred award administration, providing regular and ad-hoc MI, acting as a HR system super-user, providing second-level support for employees and managers, and assisting with any other HR projects as required.

Key task and responsibilities:

Reward Administration

• Manage the Co-Investment bonus scheme administration, upload investment performance data, update joiners, leavers and staff movements, ensuring data ties up with Finance accruals and with our 3rd party administration platform.

• Support annual LTIP vesting event; producing spreadsheet calculations, mail-merge letters and documents, liaising with HR Operations, Payroll and our 3rd party platform as required.

• Support Regulatory Reward process including maintain Code Staff List, reviews and changes to remuneration policies, data for external disclosures.

• Support the annual compensation benchmarking submission for McLagan and PwC,

• Create and maintain Reward related pages on the Hub (intranet) to enable employee self- service.

• Provide support to ad-hoc queries and reporting requirements, including daily monitoring of the HR Reward inbox

Year-End Compensation Process

• Support HR Director and Global Reward and Benefits Director with all aspects of the year-end process including updating timetable, data management and reporting.

• Provide support to Risk Adjustment process including minute taking.

• Provide support to ad-hoc queries and reporting requirements.

General

• Create and maintain procedure documents for all critical Reward processes.

• Ensure SOX evidence file is maintained for SOX controls and Internal Audit requests.

• Maintain all electronic and physical documents in support of the Company's reward and benefit plans

• Assisting with the regular review of Reward procedures and documentation, archiving historical reward data, documents etc

• Act as a 'Super-User' for HR systems: Open HR, CSC, Morgan Stanley (LTIP and Co-Invest), PayScale etc.

• Provide occasional support to Benefits administration

• Support other HR initiatives as required

Minimum knowledge & experience required:

• A minimum of two years’ experience within a HR function; ideally within Reward
• Strong IT skills, in particular, Microsoft Excel (pivot tables, look-ups, IF formulas, etc)
• Clear and concise written, and oral communication and presentation skills
• Highly organised with demonstrable project management skills
• Able to work under pressure whilst responding rapidly to changes and still meeting deadlines

Experience Required:

• Numerate with strong attention to detail and the ability to demonstrate an inquisitive approach to work
• Detail focussed with good forward planning skills and ability to apply learning experiences to continually improve performance
• Good understanding of technical HR systems, reporting and testing is essential
• Possessing drive, energy and pace with a continuous appetite to strive for excellence
• Good management and team leading skills with the ability to prioritise and effectively plan multiple tasks

Candidate Profile:

• The role holder must be an advanced user of Excel (pivot tables, look-ups, IF formulas, etc) and have experience of large data-set management/extraction from a global HRIS.A high degree of numeracy is required.

• The successful candidate will have proven numeracy and literacy skills and be excellent communicator both written and oral

• Highly organised with demonstrable project management skills managing the expectations of multiple stakeholders and delivering solutions for complex issues

• Able to work under pressure whilst responding rapidly to changes and still meeting deadlines

• Possessing drive, energy and pace with a continuous appetite to strive for excellence

• The ability to prioritise and effectively plan

• Exercise initiative, lateral thinking and flexibility.

• Accuracy and attention to detail, with the ability to propose realistic recommendations

• Maintains positive and productive working relationships, has a “can do” attitude and promotes teamworking

• Treats everyone with dignity, honesty and respect. Shows a high level of self-awareness, understands impact of own behaviour on others, and upholds the highest standards of company values/ practice.

• Good interpersonal and customer service skills and the ability to manage queries at all levels in the organisation.

Diversity, Inclusion and Flexible Working

We believe in genuine opportunity, fairness, and respect for all applicants and aim to ensure that no current or prospective employee is subject to discrimination or treated less favourably on the basis of their disability, gender identity or expression, race, ethnicity, religion or belief, marriage or civil partnership, pregnancy and maternity, age, sex, or sexual orientation, or disability.

We understand that applicants may have different needs and expectations related to their working arrangements and are committed to a discussion on flexible working. Please raise these with your Recruitment contact to discuss what type of arrangements can work for you and the role for which you are applying.

We welcome applications from all eligible candidates, and we particularly encourage applications from qualified candidates who identify as women and/or are from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector.

We are a Disability Confident Employer and participate in the “Offer of Interview” scheme, intended to actively encourage applications from people with a disability or long-term condition and offer an interview to those who meet the minimum criteria set out within this job description. You will need to let us know if you would like to opt in to this scheme by contacting Jessica Sheehan at [emailprotected] or [phone]. You do not need to share details of your disability or long-term condition.

If you would benefit from alternative methods of applying or for workplace adjustments during the recruitment process, please also let us know by contacting Jessica Sheehan at [emailprotected] or [phone] to discuss the support you need.