Reward Analyst

Job Type:

Build a brilliant future with Hiscox

Position: Reward Analyst

Reporting to: Global Head of Compensation

Type: FTC (9 – 12 months)

Location: York/London/Colchester

About Hiscox

Hiscox is a dynamic and innovative organisation and as an international specialist insurer, we are far removed from the world of mass market insurance products. Instead, we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting and we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and problem solve.

About the People Team

The Hiscox People Function is embarking on an inspiring and forward-thinking transformation journey to establish a colleague-centric employee value proposition (EVP) that will be delivered through a digital-first approach. Our aim is to create scalable and standardised people propositions through our Centres of Expertise (CoE) that will have a significant impact, be relevant, and focus on building Hiscox's future capabilities.

Our ultimate goal is to empower colleagues to reach their full potential with the support of inspirational leaders who exemplify the Hiscox values and put the organisation at the forefront of their decision-making. We strive to become an insight-led and digitally fluent people function, that leverages data to enable informed decision-making and shape a workforce that is both customer-centric and commercially viable.

We are dedicated to being a strategic partner to the business by delivering innovative HR strategies and solutions that drive business performance, high performance culture and a continuous improvement, growth mindset. Our vision is to create a collaborative and diverse workplace culture whereby Hiscox is recognised as the best place to thrive and grow your career in the insurance industry.

About the role:

An exciting opportunity to develop your reward experience in a broad global role working in a fast-paced environment. We are looking for someone who has 1-2 years’ experience in a broad Reward role and is looking to take the next step in their Reward career. The role will predominantly support the Reward Team on the regular Reward activities as well as getting involved in global Reward projects.

Key responsibilities:

• Manage technical reward queries from employees, managers and People Team colleagues

• Support the annual compensation review process and administration of the company’s share schemes

• Lead the data preparation and analysis for the annual salary review process, compiling employee data, conducting impact assessments, and ensuring alignment with internal pay structures and budget

• Conduct comprehensive Gender Pay Gap and Ethnicity pay analyses, providing data-driven insights and actionable recommendations to support workplace equity

• Responsible for the data accuracy, preparation of reports, and maintaining process documentation, with heavy use of vlookups and Pivot Tables to ensure precision and efficiency in all Reward-related reporting

• Support in the design and roll-out of flexible benefits

• Complete transactional tasks and draft communication material relating to employee benefit and wellbeing plans

• Produce reporting and analysis on an ad-hoc and cyclical basis

• Enhance the team’s reputation as a centre of excellence and an authority on technical reward matters

Personal Qualities:

• Exceptional attention to detail and ability to check and spot errors in their own work as well as the ability to peer review the work of others

• Excellent organisational, prioritisation, analytical skills

• Ability to multitask and produce work with a sense of urgency, working to timescales

• Flexible, able to adapt to changing priorities and willing to assume responsibility for a wide range of tasks and issues

• Strong communicator able to work in a collaborative manner, quickly building relationships as required

• Advanced Excel skills and desire to enhance analytical capabilities

• Interested in the bigger picture and not just focus on the task at hand

Key Requirements:

• Broad Reward based experience

• Capability of, and interest in, data analysis and modelling (advanced Excel user)

• Well-developed time management skills and the ability to multi task and produce work with a sense of urgency

• Flexible, able to adapt to changing priorities and willing to assume responsibility for a wide range of tasks and issues

• Organised with a high attention to detail

• Attention to detail and focus on accuracy

Diversity and flexible working at Hiscox

At Hiscox we care about our people. We hire the best people for the job, and we are committed to diversity and creating a truly inclusive culture, which we believe drives success. We support flexible working wherever we can.

Work with amazing people and be part of a unique culture