Reward Specialist

NFU Mutual; Stratford-upon-Avon; Hybrid; GBP 50,000 - 55,000; Full time

Benefits offered by this job

Annual bonus up to 17.5%

Pension scheme

25 days annual leave + bank holidays

Discounts and benefits platform

Life Assurance 4x salary

Job summary

NFU Mutual seeks a Reward Specialist on a 15-month fixed-term contract. You will provide specialist Reward consultancy to HR and the business, shaping the Total Reward Strategy and leading key annual activities such as pay reviews, bonuses and benefits.

You will collaborate with stakeholders at all levels, manage external suppliers, and translate data into practical recommendations while maintaining regulatory compliance.

Qualifications

• Experience in a Reward role with knowledge of compensation and benefits.
• Strong analytical capability and data storytelling to turn insights into recommendations.
• Proficient in Excel for data analysis with attention to detail.
• Excellent stakeholder engagement and collaborative relationship-building.
• CIPD qualification or willingness to pursue one.
• Experience in Financial Services or regulated industry desirable.

Responsibilities

• Plan and lead annual Reward activity, including pay review, bonus and benefits cycles.
• Provide specialist Reward consultancy to HR and the wider business.
• Analyse market data and benchmark against peers.
• Communicate complex Reward information clearly to stakeholders and suppliers.
• Deliver projects on time with high-quality outcomes.
• Lead and coordinate Reward-related initiatives and reporting.

Skills

Reward consultancy

Analytical thinking

Stakeholder engagement

Excel (intermediate)

Data storytelling

Education

CIPD qualification

Job description

Reward SpecialistPlay a key role in shaping and delivering Reward projects and strategic initiatives across NFU Mutual, in a 15-month fixed-term contractProvide specialist Reward consultancy to HR and the wider business, building effective relationships with stakeholders at all levels and external suppliers.Hybrid working: 20% attendance at our Head Office in Stratford-upon-Avon required, with up to 80% homeworking on offer.About the roleAs a Reward Specialist, you will join a specialist team that uses its technical expertise to develop, advise on and deliver an effective Total Reward Strategy. Through effective Reward consultancy, you will help HR colleagues and the wider business make informed decisions and support NFU Mutual in continuing to be a great place to work.You will plan and lead key annual Reward activity, which may include leading on our annual pay review, bonus and benefit cycles. You will organise priorities, adapt as requirements change and take accountability for delivering accurate, high-quality outcomes to schedule.Working with stakeholders at all levels as well as external third-party suppliers, you will communicate complex Reward information clearly, influence decisions and use sound judgement to balance evidence, business needs and regulatory considerations.The role offers broad exposure across Reward, including data analysis, market benchmarking, project delivery, employee communications, and wider strategic initiatives. You will use data storytelling and report writing to identify trends and turn insight into practical recommendations.You will also bring an inquisitive and improvement-focused approach, seeking to understand the wider context, asking thoughtful questions and taking the initiative to identify opportunities to strengthen Reward processes and outcomes.About youWe are keen to hear from you if you have the below skillset:You will have previous experience in a Reward role, with practical knowledge of compensation and employee benefits.You will bring strong analytical capability and critical thinking, enabling you to interpret information, challenge assumptions and develop well-reasoned recommendations.You will be confident using Excel at an intermediate level to analyse data, with strong attention to detail and the ability to communicate insight clearly through written, verbal and data-led storytelling.You have strong stakeholder engagement skills and can build trusted relationships, influence constructively and work collaboratively with colleagues at all levels and external suppliers.You will be naturally inquisitive, proactive and comfortable using your initiative to explore issues, identify improvements and move work forward.You will be adaptable and comfortable working at pace, both independently and as part of a team, while maintaining quality and contributing positively to shared goals.You will have experience of planning and leading projects or significant workstreams, coordinating stakeholders and delivering to agreed timescales.A CIPD qualification, or a willingness and desire to work towards one, is required.Experience within Financial Services or a similarly regulated industry would be highly desirable.At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees.We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.Benefits and RewardsWhen you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:Level 4Salary of £50,000 to £55,000Annual bonus (up to 17.5% of salary)Contributory pension scheme, up to 20%, including your 8% contribution25 days annual leave + bank holidays + buy/sell/save holiday trading schemeA Family Friendly policy that helps you balance your work and family responsibilitiesAccess to savings at High Street brands, travel and supermarkets£20 contribution to a monthly gym membership – subject to T&CsHealth and wellbeing plan - cashback for dentist, opticians, physio and moreAccess to voluntary benefits, including health assessments, private medical insurance and dental insuranceEmployee Volunteering - volunteer in the community for one day each yearMentoring opportunities to help you grow your careerUnlimited access to Refer a Friend £500 bonus schemeLife Assurance cover of 4 x salaryEmployee discounts of 15% on a range of NFU Mutual insurance policies.Salary sacrifice employee car scheme - subject to eligibilityWorking at NFU MutualWe’re one of the UK’s leading general insurance and financial services organisations, and for over 110 years we’ve put our customers at the heart of everything we do. Our people are just as important to us, so we’re proud to be recognised as “a great place to work”.Our Gallup Exceptional Workplace 2026 award was not only awarded with Distinction, but it also marked us as the first UK based company to earn a Gallup Exceptional Workplace award for eleven consecutive years. We’ve also been consistently recognised by Glassdoor. We appeared in the Glassdoor Best Places to Work UK list in 2023, 2024 and 2026 — and in 2026, we were the highest ranked insurance business in the UK, highlighting our strong employee experience and the positive feedback our people share on the platform.Additionally, we were named in the LinkedIn Top Companies 2026 list of “Best midsize employers to grow your career in the UK”, and we’ve been certified as a UK Top Employer by the Top Employers Institute in 2023, 2024, 2025 and 2026.We offer a supportive and empowering culture where people are inspired to perform, given opportunities to grow, and recognised and rewarded for their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable—so we’re successful now and in the future.Stratford-upon-AvonTiddington RoadStratford-upon-AvonWarwickshireCV37 7BJVisit the Stratford-upon-Avon (Tiddington) officeVacancy managed byDaisy Holmes