Head of Reward

Head of Reward

Full-Time 70000 - 90000 € / year (est.) No home office possible
Canada Life Assurance Europe plc

At a Glance

  • Tasks: Lead the HR Reward & Benefits team to deliver innovative compensation solutions.
  • Company: Join Irish Life, a leading financial institution with a strong commitment to employee growth.
  • Benefits: Enjoy competitive salaries, bonuses, and comprehensive wellbeing initiatives.
  • Other info: Embrace a hybrid working model and thrive in a supportive, inclusive culture.
  • Why this job: Make a real impact on employee satisfaction and organisational success.
  • Qualifications: Significant experience in reward practices and a CIPD qualification is desirable.

The predicted salary is between 70000 - 90000 € per year.

Full Time Permanent position Hybrid role based in our City Centre offices.

What We Offer

We have embraced a hybrid working model for most of our positions, which means that you can enjoy a balanced approach of working from home for part of the week and working from the office for the remainder of the week. We offer a comprehensive benefits package including competitive salaries and bonuses, robust Learning and Development support, excellent Defined Contribution pension and comprehensive Wellbeing initiatives and support to name but a few.

At Irish Life, our purpose is to help people build better futures. Our company values shape everything we do and underpin our vision of being the driving force behind Ireland’s financial, physical, and mental well‑being. We believe in doing the right thing—acting with integrity and making fair, responsible decisions. We aim high, setting ambitious goals and constantly find better ways to innovate and improve. Our customers are at the heart of everything we do, and we are dedicated to understanding their needs and exceeding their expectations. We believe that as a team we work best together, in a supportive, collaborative environment where every idea and contribution is valued.

Role Overview

The successful person will lead and develop the Irish Life Group (ILG) HR Reward & Benefits team to deliver high‑quality business‑as‑usual objectives and a broad range of Reward and Benefits projects, including EU Pay Transparency, to ensure that our Reward & Benefit policies and practices continuously support the delivery of our strategy and risk appetite. The Head of Reward acts as business partner and a subject matter expert on all aspects of compensation and benefits providing strategic advice to senior leadership ensuring Reward frameworks are market competitive, cost effective and support business objectives.

What You Will Help Us To Achieve

  • Lead and develop the ILG Group HR - Reward and Benefits team to consistently deliver effective and efficient reward solutions.
  • Act as a trusted advisor to all stakeholders (e.g., business leaders, HRBPs) to provide guidance around Reward practices, remuneration structures and processes.
  • Lead the implementation of the annual compensation process (Salary reviews, Bonus awards, Executive compensation (JG16+), APSS Share Scheme) for all ILG companies in Ireland (including Cornmarket & Unio), ensuring adherence to budgetary allowance and compliance with regulations and standards.
  • Lead the completion of the annual salary benchmarking and salary range reviews by managing the retrieval and submission of detailed data input from reward surveys, analysis of survey results to identify appropriate benchmark data for all roles, market trends, forecasts, and anomalies, and preparation of reports/information to deliver relevant and accurate information and recommendations to business leaders.
  • Manage the relationship with the third parties responsible for delivery or support of reward mechanisms.
  • Lead the investment bonus scheme and Solvency II calculations and deferrals process to ensure compliance with all Solvency II / Remuneration Policy requirements.
  • Manage the Income Protection policy, including the ongoing administration and development.
  • Lead any benefit initiatives (defined annually) which could include benefit administration / oversight on Healthcare, Wellbeing, Car policy, Retirement, Mobility etc.
  • Design and development of remuneration structures which are required following market review, significant internal restructures, or acquisitions, including identifying appropriate benefits e.g., salary ranges, bonus, car, pension, and health offerings.
  • Lead Strategic Reward and Benefits projects and participate in various HR Projects as required to support the broader HR agenda and ensure adherence to applicable regulations.
  • Own the Reward framework, principles, policy and standards ensuring robust governance, documentation and decisions making regarding Reward practices.
  • Report to and support the engagement with the ILG Board Remuneration Committee.
  • Production of internal and external gender pay reports to ensure all our gender pay reporting obligations are fully met.
  • Identify networking opportunities for the Company in the marketplace, report on market insights & represent the Company as required at these.

More Specific Responsibilities Will Include

  • Values/Culture: Act in a manner consistent with the organisation’s vision and values. Act as a role model in promoting behaviour that is consistent with the organisation’s vision and values.
  • Risk Management: Ensure compliance with all relevant risk and regulatory requirements; proactively highlight any risks so that mitigating actions can be taken.
  • People Management: If you have people responsibilities oversee the activities of direct reports to ensure a high performing, well‑motivated and developed team which delivers the required results.
  • Financial/Budgetary responsibility: If you have budgetary responsibilities monitor and manage local expenditure to ensure value for money is achieved and that budgets are managed responsibly.

What you will need to be successful in the role

  • Significant experience working in a reward environment as part of a wider HR team.
  • CIPD qualification strongly desirable.
  • A strong working knowledge of reward practices and processes (performance management frameworks, reward analysis, job evaluation etc.).
  • Strong knowledge of Irish Employment Legislation and the compliance requirements of the role.
  • Strong understanding of Risk Management processes and technologies.
  • Demonstrable experience in delivering large complex projects within budget and timeline.
  • Financially articulate and have a clear ability to read financial trends within the business.
  • Have strong ability to lead and empower others to deliver positive results for stakeholders.
  • Excellent strategic thinking and process improvement capability.

About Us

Irish Life is one of Ireland’s largest financial institutions with a presence across a range of financial services markets. We are one of Ireland’s leading financial services groups with over 1.5 million customers. For over 80 years, we’ve been helping people to look after their life insurance, pension and investment needs, and more recently their health insurance. It is a subsidiary of Great-West Lifeco and a member of the Power Financial Corporation group of companies. We are proud of our culture of developing and supporting the growth and professional development of our people. The focus has resulted in a team of top talent with high standards, positioning us at the forefront of our industry. Irish Life is proud to be an Equal Opportunities employer. We have created an environment of inclusion and growth to help people achieve their potential, to ensure they can bring their whole selves to work and to feel valued. We celebrate diversity of thought and perspective and want all of our employees to feel valued, respected and supported. We have built a culture that promotes equality and inclusion for all of our current and future employees and strive to ensure that our behaviours, processes and practices are aligned to this culture.

If you require any accommodations during the recruitment process please contact us and we will be delighted to ensure you are fully supported to be your best. ILGL supports Equal Opportunity and is regulated by the Central Bank of Ireland.

Head of Reward employer: Canada Life Assurance Europe plc

At Irish Life, we pride ourselves on being an exceptional employer, offering a hybrid working model that promotes work-life balance while fostering a collaborative and inclusive culture. Our comprehensive benefits package, robust learning and development support, and commitment to employee growth ensure that our team members thrive both personally and professionally in the heart of Dublin's vibrant city centre.

Canada Life Assurance Europe plc

Contact Detail:

Canada Life Assurance Europe plc Recruiting Team

StudySmarter Expert Advice🤫

We think this is how you could land Head of Reward

Tip Number 1

Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, or even hit up LinkedIn. The more people you know, the better your chances of landing that Head of Reward role.

Tip Number 2

Prepare for interviews by researching the company inside out. Understand their values, culture, and recent projects. This will help you tailor your answers and show them you're genuinely interested in being part of their team.

Tip Number 3

Practice makes perfect! Do mock interviews with friends or family to get comfortable with common questions. This will boost your confidence and help you articulate your experience and skills effectively.

Tip Number 4

Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining our awesome team at Irish Life.

We think you need these skills to ace Head of Reward

Reward Practices
Compensation Analysis
Salary Benchmarking
Project Management
Stakeholder Engagement
Irish Employment Legislation
Risk Management

Some tips for your application 🫡

Tailor Your CV:Make sure your CV is tailored to the Head of Reward role. Highlight your experience in reward practices and any relevant projects you've led. We want to see how your skills align with our mission at Irish Life!

Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Remember, we love seeing genuine enthusiasm for what we do.

Showcase Your Achievements:When detailing your experience, focus on specific achievements that demonstrate your ability to lead and innovate in reward strategies. Numbers and outcomes speak volumes, so don’t hold back!

Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team at Irish Life!

How to prepare for a job interview at Canada Life Assurance Europe plc

Know Your Stuff

Before the interview, dive deep into the specifics of reward practices and processes. Brush up on your knowledge of Irish Employment Legislation and be ready to discuss how you can apply this in a practical setting. This will show that you're not just familiar with the theory but can also implement it effectively.

Showcase Your Leadership Skills

As the Head of Reward, you'll need to lead a team. Prepare examples of how you've successfully managed teams in the past, particularly in delivering complex projects. Highlight your ability to empower others and drive positive results, as this aligns perfectly with the role's requirements.

Understand the Company Culture

Irish Life values integrity, collaboration, and innovation. Familiarise yourself with their mission and values, and think about how your personal values align with theirs. Be ready to discuss how you can contribute to their culture and support their vision of helping people build better futures.

Prepare for Strategic Discussions

Expect to engage in strategic conversations about compensation frameworks and market trends. Prepare insights on current reward practices and be ready to discuss how you would approach the implementation of initiatives like EU Pay Transparency. This will demonstrate your strategic thinking and understanding of the broader HR agenda.