Reward Analyst

Reward Analyst

Location: Durham, DH1 1SL, Lytham St Anne’s, FY8 4TS, Glasgow, G2 8JX, City of Westminster, SW1 3BT

Salary: £46,000 - £55,000 per annum

Our client, one of the largest savings organisations in the UK with over 24 million customers and a history dating back over 150 years, is seeking a HR Reward Analyst. This role involves managing pay and reward systems across NS&I, serving as the primary contact for day-to-day pay and reward management, internal and external reporting, and NS&I’s job evaluation process. The successful candidate will collaborate closely with the Head of HR and People & Finance Director in implementing NS&I’s review of pay and reward.

Responsibilities Include:

• Managing and maintaining the pay remit, coordinating job evaluation panels, and ensuring accurate recording of outcomes.
• Leading the annual submission of the NS&I pay remit business case in accordance with Civil Service Pay Guidance.
• Conducting market analysis and making salary recommendations based on incumbent position against the market.
• Administering a range of benefits and managing supplier relationships.
• Overseeing the Flexible Benefits system and resolving issues with suppliers.
• Coordinating mid and end-year appraisal processes and managing the annual performance variable pay process.
• Leading the implementation of NS&I’s review of pay and reward.
• Producing external reports to provide accurate and timely statistics and MI to external stakeholders.
• Delivering proactive HR service by ensuring smooth HR processes that meet business needs.

Behaviours

• Changing and Improving
• Making Effective Decisions
• Communicating and Influencing
• Managing a Quality Service

Technical Skills

• Strong analytical skills using various data sources to present data clearly.
• Experience in salary and bonus forecasting within designated budgets.
• Experience in the job evaluation process.
• Experience in managing multiple activities alongside successful project delivery.
• Experience in managing reward and employee benefits.

Benefits

• Tailored learning and development opportunities.
• Flexible hybrid working options.
• 9-day fortnight scheme.
• Inclusive and diverse culture.
• Civil Service pension with an average employer contribution of 27%.
• Generous annual leave, starting at 25 days and increasing to 30 days.
• Performance-related variable pay bonus.
• Enhanced maternity, paternity, adoption, and shared parental leave.

To Apply

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