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Compensation & Benefits Advisor – Insurance, London - £45k

Compensation & Benefits Advisor – Insurance, London - £45k

My client, a specialist insurance and reinsurance underwriting group, is looking for a Compensation & Benefits Advisor to work as part of the HR team to provide a professional and comprehensive Compensation and Benefits service to the business through the day to day delivery of C & B advice and support.

Key areas of your role will include;

Payroll. To manage the relationship with the outsourced payroll provider ensuring the accuracy of the data and that employees are paid correctly and on time. To ensure all statutory reporting requirements are met and legislation is adhered to. To reconcile the payroll returns for other areas of the Group.

Salary & Bonus Schemes. To implement all aspects of salary and bonus administration. Responsibilities include the administration of annual salary review process and all bonus, profit sharing and Long Term Incentive Plans, ensuring accuracy and timeliness as well as adherence to the appropriate controls and authorisation levels.

Benefits Administration. To manage all benefits administration covering Pensions, Life Assurance, Permanent Health Insurance, Flexible benefits and company cars. Responsibilities include liaising with external providers, reviewing the service and cost of these periodically and assisting the Group HR Manager in the selection and recommendation of alternative providers.

HR Database. To manage the HR database ensuring the accuracy of the data and to liaise with provider to continue to develop HR self service across the business.

Management Information. To produce monthly, quarterly and annual management reports including the HR Scorecard for senior management. To ensure the reports are delivered in a timely and accurate manner and to check the reasonableness of the reports. To produce ad hoc reports as and when requested.

The provision of a professional compensation and benefits package is critical to the business and a fundamental part of Group Strategy. The job holder will be required to contribute to the delivery of the operational service to the business in a professional and timely manner. The job holder will be required to be flexible in their approach to workloads.

You will hold the following competencies;

Attention to detail/accuracy
Team player
Strong communication/interpersonal skills
Business awareness
Strong IT skills in advanced Excel, Word and HR systems
Professional integrity
Flexibility
Customer Focussed