Reward Analyst

Reward Analyst

Temporary 37800 - 46200 £ / year (est.) Home office (partial)
Centrica

At a Glance

  • Tasks: Analyse and support reward strategies to attract top talent and drive performance.
  • Company: Join a family of brands revolutionising energy for a greener future.
  • Benefits: Competitive salary, bonus, private healthcare, and flexible work options.
  • Other info: Dynamic environment with a focus on personal growth and professional development.
  • Why this job: Make a real impact in a role that supports sustainability and community change.
  • Qualifications: Strong analytical skills, advanced Excel proficiency, and a collaborative mindset.

The predicted salary is between 37800 - 46200 £ per year.

Join us, be part of more.

We’re so much more than an energy company.

We’re a family of brands revolutionising how we power the planet.

We're energisers.

One team of 21,000 colleagues that's energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities.

Here, you can find more purpose, more passion, and more potential.

That’s why working here is #More Than ACareer.

We do energy differently - we do it all.

We make it, store it, move it, sell it, and mend it.

Reward Analyst

Salary

Competitive + bonus + private healthcare + generous company benefits

Location

  • UK flexible with travel as required
  • Flexible work arrangements available, including part-time options
  • This is a 12-month Secondment / Fixed Term Contractor position

As a Reward Analyst, you will provide analytical, reward support to the Reward Leadership Team and wider business.

You will help ensure Centrica’s reward arrangements continue to be competitive to attract and retain top talent, support our business strategy, reinforce our values, drive a high-performance culture, are financially viable and comply with applicable laws and regulations.

This role is responsible for supporting the design, delivery and governance of reward programmes across the business.

Working closely with Reward, HR and business stakeholders, the individual will provide data-driven insights, market benchmarking and reward expertise to support strategic decision-making.

The role plays a key part in collective pay negotiations, job evaluation, salary benchmarking, reward policy development, annual reward reviews, and M&A/TUPE activity, ensuring reward practices remain competitive, compliant and aligned to business objectives.

  • Key Accountabilities
  • Partner with Reward, HR and business stakeholders to understand requirements and recommend appropriate reward solutions.
  • Provide market data, analysis and employee modelling to support collective pay negotiations and reward decision-making.
  • Use reward modelling techniques to assess the impact of pay and benefit proposals.
  • Evaluate and benchmark roles using the Hay Job Evaluation methodology.
  • Conduct market benchmarking and salary survey analysis to develop and maintain competitive salary ranges globally.
  • Support salary range reviews and maintain the global job catalogue.
  • Assist in the development, implementation and ongoing maintenance of reward policies and frameworks.
  • Support M&A and TUPE activities through role evaluation, package costing, comparison and integration activities.
  • Contribute to the successful delivery of the annual reward review cycle.
  • Review incentive plans against market practice and provide recommendations to enhance competitiveness and cost effectiveness.
  • Ensure reward programmes comply with internal governance requirements and external regulatory standards.
  • Support high-priority reward projects across different areas of the Reward function.
  • Manage processes to implement collective pay agreements accurately and efficiently.
  • Identify and implement tools and processes to improve data quality, validation and cleansing activities.
  • Develop a strong understanding of business priorities and ensure reward activities align with Centrica's wider reward strategy.
  • Here's What We're Looking For

We're looking for a highly analytical and commercially minded reward professional who can work with complex data, translate insights into practical recommendations, and build strong relationships across the business.

You'll be confident working in a fast-paced environment, balancing multiple priorities while maintaining a high level of accuracy and attention to detail.

Key qualities and experience include

  • Advanced Excel skills, including formulas, IF statements, VLOOKUPs/XLOOKUPs, pivot tables, data modelling and scenario analysis.
  • Strong proficiency in Microsoft Office applications, alongside experience with systems such as SAP reporting and Workday.
  • Demonstrated ability to analyse and interpret large and complex datasets from multiple sources.
  • Excellent numeracy, analytical and problem-solving skills, with the ability to draw meaningful insights from data.
  • Strong communication and presentation skills, able to explain complex reward concepts clearly to a range of stakeholders.
  • A methodical approach with exceptional attention to detail and a focus on accuracy.
  • Strong organisational skills, with the ability to manage competing priorities and tight deadlines.
  • Ability to thrive under pressure while maintaining high-quality outputs.
  • Commercially aware, with a good understanding of how reward supports broader business objectives.
  • Capable of developing practical and effective solutions within a defined reward framework and strategy.
  • Adaptable and open to change, with a proactive approach to continuous improvement.
  • A collaborative relationship builder with a proven track record of working effectively across teams and functions.
  • Strong team player who supports colleagues and contributes positively to team success.
  • Demonstrates intellectual curiosity, sound judgement and a commitment to ongoing professional development.
  • CIPD qualification desirable.

Why should you apply?

We’re not a perfect place – but we’re a people place.

Our priority is supporting all of the different realities our people face.

Life is about so much more than work.

We get it.

That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too.

Visit the link below to discover why we’re a great place to work and what being part of more means for you.

https://www. morethanacareer. energy/centrica

If you're full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority.

Help us, help you.

We would love for you to share any information about yourself throughout our recruitment process so that we can better understand you and help shape your journey.

Reward Analyst employer: Centrica

Centrica is an excellent employer, offering a dynamic work culture that fosters innovation and collaboration. With a strong commitment to employee growth, the company provides numerous opportunities for professional development and advancement within the energy sector. The flexibility of hybrid working arrangements further enhances work-life balance, making Centrica a rewarding place to build a meaningful career.

Centrica

Contact Details:

Centrica Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Reward Analyst

Join Financial Networking Events

Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.

Utilise Temp Agencies Specialised in Finance

Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Centrica.

Connect with Alumni from Your Uni

Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.

Stay Active on Job Boards and Company Websites

Keep your eyes peeled on job boards specifically for finance roles. Companies like Centrica might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!

We think you need these skills to ace Reward Analyst

Analytical Skills
Advanced Excel Skills
Data Modelling
Market Benchmarking
Job Evaluation
Salary Survey Analysis
Communication Skills

Some tips for your application 🫡

Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!

Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Centrica will be keen to see in your application.

Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Centrica. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!

Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Centrica confidence in your short-term commitment to the role.

How to prepare for a job interview at Centrica

Brush Up on Financial Regulations

Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Centrica.

Showcase Your Analytical Skills

Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.

Highlight Flexibility and Adaptability

For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Centrica that you’re a reliable team player.

Demonstrate a Willingness to Learn

In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.