Senior Rewards Analyst

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

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Key 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.

Education, Qualifications & Experience

  • 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.

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