At a Glance
- Tasks: Support compensation programs and analyse data for pay equity and compliance.
- Company: Join AIG, a leader in financial services with a commitment to diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on career development.
- Why this job: Make a real impact on pay equity and help shape compensation strategies.
- Qualifications: Experience in compensation analysis and strong analytical skills required.
The predicted salary is between 40500 - 49500 £ per year.
Join us as a Compensation Analyst to make more of your specialist expertise and experience.
About the role
We have an exciting opportunity for a Compensation Analyst to join our team. In this role, you will support the design, implementation and management of compensation programs, partnering with Compensation Partners to execute the AIG compensation strategy in alignment with the business’ priorities. This role reports to the Head of Compensations in UK and EMEA.
What you need to know
- Support in conducting and preparing analysis for gender pay gap reporting requirements in EMEA and APAC
- Assist the Compensation team in preparing for the EU Pay Transparency Directive and pay parity audit requirements
- Analyse and ensure Company compliance with country-specific pay and remuneration laws
- Support the annual survey participation process and ongoing market pay level and practice reviews
- Manage the Job Family Architecture, including creation and maintenance of job families and assessment of gaps in documentation and levelling
- Assess job levels/grading based on the scope of responsibilities and evaluate against internal criteria
- Utilise external and internal data for job benchmarking and peer group analyses
- Manage data audits and compensation within Workday
- Facilitate the annual compensation review processes, working closely with Business Compensation and the HR Business Partner teams
What you'll need to succeed
- Progressive compensation experience preferably within the financial services industry and/or large corporate environment
- Demonstrated experience analysing and utilising complex data, with strong applied analytical and maths skills
- Understanding and interest in regulatory compensation and remuneration practices, particularly across UK/EMEA
- Proven understanding of total compensation including base pay and variable pay programs
- Ability to manage and prioritize multiple projects, and analyse, synthesize, and draw conclusions from data
- Demonstrated project management experience with the ability to effectively engage and coordinate stakeholders and drive projects to completion
- Strong verbal and written communication skills are required to translate data findings into clear and concise documents and presentations
- Attention to detail with emphasis on accuracy, particularly when managing reporting and complex data
- Maintain strict confidentiality when handling sensitive compensation data
- Workday experience preferred
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
Compensation Analyst employer: AIG
AIG is an exceptional employer located in Manchester, offering a dynamic work environment that fosters professional growth and development within the Financial Lines sector. With a strong emphasis on employee wellbeing, AIG provides a comprehensive benefits package and encourages a culture of collaboration and innovation, making it an ideal place for those looking to make a meaningful impact in the field of cyber underwriting.
StudySmarter Expert Advice🤫
We think this is how you could land Compensation Analyst
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like AIG. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Compensation Analyst
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to AIG.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on AIG's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at AIG
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with AIG.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at AIG will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former AIG employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
