Senior Rewards Analyst

Job description

Our client is looking for a Senior Rewards Analyst for a contract position, located in Aberdeen.

RESPONSIBILITIES

Compensation:

• Respond to general queries on compensation matters to HR Business Partners and HRSS e.g. promotion data, benchmark data
• Gather and prepare employee and payroll data to support the return of regular compensation campaigns e.g., annual salary review, bonus calculations, share subscriptions
• Plan, prepare and submit the Companies input to selected salary and benefit surveys (AON and Mercers specifically)
• Extract and analyse outputs from salary and benefits surveys to compare companies position against our peer group
• Prepare employee data and spreadsheets for the annual Salary Review Campaign, coordinate and share outputs with HRBPS before consolidating data for presentation to MD and HRD for validation.
• Prepare data extracts in order to calculate annual bonus payments (formulaic) in time for communication during the annual salary review process.
• Ensure any adjustments to compensation, bonuses paid etc are recorded and communicated to HRBPs, HRSS, Employees, Payroll with Systems updated accordingly.
• Prepare data required to support the annual union negotiations on pay and allowances (Unite represent limited population in company)
• Prepare general compensation calculations such as redundancies, early retirement, medical terminations etc as required

Benefits (UK Wide):

• Work with Senior Pay and Benefits Analyst to respond to general queries on benefit queries to employees, HRSS and Payroll.
• Monitoring UK benefits email account and ensuring queries are responded to quickly or redirected if appropriate
• Prepare an overview of all UK benefits for each of the UK businesses clearly indicating cover levels, providers and contact details
• Collate and consolidate all UK benefit provider documentation, rules etc within a single repository
• Raise or instruct the appropriate purchase requisitions and orders to be raised to ensure UK benefit invoices are apportioned and paid in a timely manner
• Consolidate UK wide invoices from benefit providers, distribute costs in accordance with Company splits to UK businesses
• Review full benefits portal each year to update and communicate changes to benefits provision such as taxable benefit amounts

**Planned transition to other resource in new year**

• Enter new starts, leavers and changes to benefit provisions for relevant UK companies (TGPL and TEMUK) with appropriate benefit portals.
• Review employee lists on a quarterly basis for benefit provisions.

Pensions:

• Ensure implementation and maintenance of new DC Pension Plan Employee and Employer Contributions as per consultation outcomes
• Working with Pension and HRSS on those exiting the Pension Plans due to LTA
• Coordinating retirement courses and the exit of those retiring from the business
• Preparing annual life assurance data for renewals

Job Evaluation:

• Conduct regular review of job grades between Group system (HR4U) and local system (SAPHR) to ensure missing evaluations are identified and errors rectified
• Coordinate with Group the biannual campaigns for NP4U (professional job grades NP10 - 14) and executive jobs (NP15+) thereafter follow through with outcomes and actions to the HRBPs and HRSS e.g. promotions, derogations etc

Shares (UK Wide):

• Act as Company Correspondent (administrative role) for Capital Share Increase Campaign for company and select other UK Business Units.
• Assist the Country Correspondent with the preparation and communication of the annual Capital Share Increase Campaign in the UK
• Prepare employee data and spreadsheets for the annual Performance Share Campaign, coordinate outputs with HRBPS before consolidating data for presentation to MD and HRD for validation
• Coordinate responses on a variety of share queries from employees by using contacts within share administrators (Computershare, Amundi and SGSS)

General:

• Ensure data is controlled and managed in a secure manner using key business tools (Teams, LiveLink, SharePoint, SAPHR)
• Conduct regular audits between systems to ensure accuracy of the data held
• Regularly review and update the Compensation and Benefits intranet pages (WAT) to ensure data is current and share required updates to ROUK business as appropriate.
• Work with appropriate stakeholders to promote and communicate all areas of reward within company (and within the UK if required)
• Work with Manager to promote and communicate good practice in all areas of employee reward.

REQUIREMENTS

• Educated to a higher level with substantial on the job experience in the field of reward and benefits management.
• Operating as part of a reward team ideally in the upstream oil and gas market
• Knowledge of both compensation and benefits management and coordination.
• Strong numerical and analytical skills with methodical approach and rigorous attention to detail.
• Computer literate and experienced user of various applications primarily Excel, SAPHR and PowerPoint.
• Well-developed organisation, interpersonal and communication skills.
• Ability to prioritise and manage a heavy workload within tight timescales and set deadlines.
• Required to ensure reliability of data to provide management with the necessary information to assist in their decision making.
• The ability to define problems, analyse data, identify solution, and present recommendations is essential.