Senior Compensation Analyst

SPE Travelers Management, LTD; London; Hybrid; GBP 45,000 - 70,000; Full time

Job summary

Travelers Europe is seeking a Senior Compensation Analyst to design competitive compensation programs for their European businesses. This role requires collaboration with HR and compensation leadership, focusing on market analysis, compensation compliance, and enhancing retention strategies. The ideal candidate will possess strong analytical skills, relevant experience in compensation roles, and a degree in Business or related fields, while contributing to a collaborative and innovative company culture.

Benefits

Private Medical Insurance

Retirement contribution of 9% of pensionable salary

Starting holiday entitlement at 25 days

Wellness Programme with counseling services

Volunteer encouragement programs

Qualifications

• Experience in compensation compliance laws/requirements and job evaluation.
• Prior experience with variable compensation and equity plans.
• Intermediate written, oral, and presentation skills.

Responsibilities

• Advise on compensation administration and job design.
• Perform market pricing and compensation program administration.
• Prepare reports for senior management to assist in compensation decisions.

Skills

Payment structure design

Market analysis

Analytical problem solving

Communication

Leadership

Project management

Education

Degree in Maths, Statistics, Economics, HR, or Business Administration

CIPD qualification

Bachelor's degree or equivalent

Tools

PeopleSoft

Workday

Cognos reporting software

Advanced Excel

Job description

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 programmes, practices, and solutions to create and maintain a high-performance culture.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full-time employees working three days a week in the office and two days at home (or pro-rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

1. Advise, consult, and assist Human Resources Generalists (HRGs) and clients in considering options to address issues relating to compensation administration, policy interpretation, job design, turnover, equity, etc.
2. Perform market pricing, job documentation and evaluation, survey participation and related data analysis, compensation program administration, planning and overall execution in collaboration with the compensation team and HRGs.
3. Maximize the application of compensation tools to support business initiatives/compensation strategies.
4. Develop a solid knowledge of the assigned business area. Study and analyze data, monitor trends and recommend enhancements and changes to ensure retention, motivation, and recruitment of key personnel.
5. Provide guidance on the compensation aspects of a new hire offer package, including base, bonus, and equity replacement valuation and considerations.
6. Provide management (executive, business unit/staff department management) with reports/data, analysis, and executive summaries to assist in making performance and rewards decisions worldwide.
7. Assist business groups with developing new or revising existing job descriptions.
8. Review draft job descriptions and provide input to assist clients in fully describing the job, ensuring the use of 'plain English' and inclusive language.
9. Provide direction on job structuring and identify organizational design issues as appropriate in support of organizational design functions.
10. Ensure HR team members and managers have the knowledge and tools they need to effectively manage performance and administer compensation consistent with company philosophy and goals.
11. You may design and/or deliver compensation-related training.
12. Continue to seek ways to influence decision-making processes and be relied on as a key contributor.
13. Lead selected projects that are technically complex and/or sensitive.
14. Prepare and analyze reports for the CEO, Head of HR, and the Board of Directors to support review of compensation action recommendations, ensuring adherence to the company's pay-for-performance philosophy.
15. Provide support as necessary to the compensation lead and team members.
16. Act in an ethical manner at all times, understanding all compliance and regulatory requirements for your role by completing all necessary training and certifications.
17. Ensure actions and outcomes meet local regulatory and supervisory approaches to ensure fair treatment of customers, and keep adequate records of all transactions.
18. Perform other duties as assigned.
19. Embrace Travelers' values: Be Committed, Be Connected, Be Creative, and Be Energized, shaping your success and contributing to making Travelers Europe a great place to work.

What Will Our Ideal Candidate Have?

• A degree in Maths, Statistics, Economics, HR, or Business Administration.
• Prior experience with compensation compliance laws/requirements, market analysis, pay structure design, variable compensation, and equity plans.
• Experience in pricing roles across jurisdictions and currencies; workforce planning; preparing senior leader materials with HR metrics and analysis.
• Experience with PeopleSoft or Workday HR systems, and Cognos reporting software.
• Intermediate skills in analytical problem solving, influencing, communication, leadership, and project management.
• Intermediate written, oral, and presentation skills.
• Advanced Excel, Word, and related software skills, including creating 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 submission/data scrubbing, and HR metrics analysis.

What Is in It for You?

• Private Medical Insurance: Single cover on commencement, with options to add dependents at your expense.
• Retirement: Company contribution of 9% of pensionable salary, with an option to increase to 12% with additional employee contribution.
• Holiday Entitlement: Starting at 25 days, with options to purchase up to 35 days annually.
• Wellness Programme: Resources and counseling services, including five free sessions with a licensed therapist.
• Volunteer Encouragement: Matching Gift and Volunteer Rewards programs to support community involvement.

Employment Practices

Travelers is an equal opportunity employer that values diversity and inclusion. We encourage all qualified candidates to apply.

If you have questions about physical requirements, please contact us for assistance.

Travelers reserves the right to fill this position at a level above or below the posted level.

For more about our benefits, visit our website.

Note: Non-citizens may need a work permit. Do not provide bank or payment details when applying. Applications via the 'Apply now' button only.

Created on 22/06/2025 by TN United Kingdom