Rewards Analyst

Catalyst Partners; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance firm seeks a Reward Analyst in London (hybrid). This role offers a chance to work on compensation and benefits in a dynamic environment. Candidates should have 1-2 years in Reward and strong analytical skills. Responsibilities include salary benchmarking, pay reviews, and reporting. This is a 9-12 month contract with potential permanent transition.

Qualifications

• 1-2 years in a broad Reward position.
• Ability to work with large datasets effectively.
• Skilled in managing time and maintaining accuracy.
• Comfortable in a dynamic environment.

Responsibilities

• Serve as a key point of contact for inquiries related to compensation and benefits.
• Contribute to the annual reward cycle including salary reviews.
• Prepare and validate data for the annual pay review process.
• Carry out Gender and Ethnicity Pay Gap reporting.
• Maintain accurate records and documentation.
• Collaborate on flexible benefits offerings.
• Draft communication materials for benefit initiatives.
• Deliver regular reporting and insights for decision-making.

Skills

Data modelling and analysis

Salary benchmarking

VLOOKUP and PivotTables

Communication skills

Job description

Base pay range

Job Title: Reward Analyst

Location: London (hybrid)

Sector: Insurance

This is a 9–12 month fixed-term contract, with the potential to transition into a permanent position. Candidates should be available to start immediately or have a short notice period.

Position Overview

Catalyst Partners are delighted to be partnering with a leading insurance firm who are seeking a highly analytical Reward Analyst to join their brilliant team. This is a fantastic opportunity for a motivated individual to expand their expertise in Reward within a global, fast-paced environment. If you\'ve spent 1–2 years in a broad Reward position and are eager to elevate your career, this role offers hands-on experience with cyclical Reward processes as well as involvement in strategic international projects.

Key Responsibilities

• Serve as a key point of contact for employee and stakeholder inquiries related to compensation and benefits, offering expert advice and guidance.
• Contribute to the annual reward cycle, including salary benchmarking, compensation review, and management of company-wide share incentive plans.
• Take ownership of preparing, analysing, and validating data for the annual pay review process, ensuring consistency with internal frameworks and budgetary limits.
• Carry out in-depth Gender and Ethnicity Pay Gap reporting, delivering insights that inform equitable pay practices and diversity strategies.
• Maintain accurate and up-to-date records, process documentation, and detailed reports using advanced Excel functions such as VLOOKUP and PivotTables.
• Collaborate on the creation and implementation of flexible benefits offerings, ensuring alignment with employee needs and business goals.
• Draft clear and engaging communication materials to support benefit and wellbeing initiatives.
• Deliver regular and ad-hoc reporting and insights to support decision-making across the People function.
• Contribute to positioning the Reward function as a trusted advisor and subject matter expert within the organisation.

Desired Experience

• Solid grounding in a generalist Reward or Compensation & Benefits role.
• Confident working with large datasets and conducting data modelling and analysis.
• Skilled in managing time effectively while maintaining high standards of accuracy.
• Comfortable working in a dynamic, evolving environment with shifting priorities.
• Passionate about precision and committed to delivering quality outcomes.

Seniority level

• Associate

Employment type

• Contract

Job function

• Human Resources

Industries

• Insurance