Senior Compensation Analyst

Travelers; London; Hybrid; GBP 55,000 - 85,000; Full time

Job summary

A leading company within the insurance sector is seeking a Senior Compensation Analyst in London. The successful candidate will play a crucial role in designing and implementing compensation programs while partnering closely with HR. This position offers a dynamic work environment with hybrid work options and comprehensive benefits, including private medical insurance and generous retirement contributions.

Benefits

Private Medical Insurance

Retirement contributions up to 12%

Minimum 25 days holiday

Wellness programs

Employee Assistance services

Qualifications

• Experience in a compensation role with job evaluation and role pricing.
• Knowledge of compensation laws and market analysis.
• CIPD qualification preferred.

Responsibilities

• Advise on compensation administration and policy interpretation.
• Perform market pricing and data analysis.
• Design training related to compensation.

Skills

Analytical skills

Communication skills

Leadership

Project management

Education

Bachelor's degree in Maths, Statistics, Economics, HR, or Business Administration

Tools

Excel

PeopleSoft

Workday

Cognos

Job description

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Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Human Resources

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Human Resources

Target Openings

1

What Is the Opportunity?

Travelers Europe is looking to hire a Senior Compensation Analyst! In this role, you will provide a full range of compensation services for our Europe businesses in partnership with Human Resources (HR) and Compensation leadership. Your focus will be on designing competitive and cost-effective total compensation programs, practices, and solutions to foster a high-performance culture.

Travelers Europe currently offers flexibility for hybrid work arrangements, allowing employees to work three days in the office and two days remotely, subject to policy changes.

What Will You Do?

• Advise, consult, and assist HR Generalists and clients on compensation administration, policy interpretation, job design, and related issues.
• Perform market pricing, job evaluation, survey participation, data analysis, and compensation program administration.
• Support business initiatives with compensation tools and strategies.
• Develop knowledge of the business area, analyze data, monitor trends, and recommend improvements for retention and motivation.
• Guide on compensation aspects of new hire packages, including base salary, bonuses, and equity considerations.
• Provide management with reports, data analysis, and summaries for decision-making.
• Assist in developing and revising job descriptions, ensuring clarity and inclusiveness.
• Provide guidance on job structuring and organizational design issues.
• Ensure HR team and managers are equipped to manage performance and compensation effectively.
• Design and deliver compensation-related training as needed.
• Lead complex or sensitive projects, and prepare reports for executive review.
• Support the compensation team and ensure compliance with regulatory requirements.
• Perform other duties as assigned, embodying company values of being committed, connected, creative, and energized.

What Will Our Ideal Candidate Have?

• A degree in Maths, Statistics, Economics, HR, or Business Administration.
• Experience and knowledge of compensation laws, market analysis, and pay structure design.
• Experience with pricing roles across jurisdictions and currencies, workforce planning, and HR metrics.
• Familiarity with HR systems like PeopleSoft or Workday, and reporting tools like Cognos.
• Intermediate analytical, influencing, communication, leadership, and project management skills.
• Proficiency in Excel, Word, and related software; ability to create graphs, VLOOKUPs, and pivot tables.
• CIPD qualification is preferred.

What is a Must Have?

• A Bachelor's degree or equivalent.
• Previous experience in a compensation role, including job evaluation, role pricing, survey data handling, and HR metrics analysis.

What Is in It for You?

• Private Medical Insurance, with options for dependents.
• Retirement contributions of up to 12% total from the company.
• Minimum 25 days holiday, with options to purchase additional days.
• Wellness programs and Employee Assistance services, including counseling sessions.
• Volunteer programs and matching gift initiatives to support community involvement.

Employment Practices

Travelers is an equal opportunity employer, valuing diversity and inclusion in our workforce.