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- Tasks: Join our global team to analyse and enhance compensation programs across 25+ countries.
- Company: Oliver Wyman is a leading management consulting firm with a global presence and a focus on innovation.
- Benefits: Enjoy a flexible work environment, career breaks, and a culture that values work-life balance.
- Why this job: Be part of a dynamic team that drives impactful change and values diverse perspectives.
- Qualifications: Bachelor’s degree with 4-6 years in compensation or finance; strong Excel skills required.
- Other info: We encourage self-starters who thrive in fast-paced environments and value confidentiality.
The predicted salary is between 43200 - 72000 £ per year.
Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 7,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities.
We are seeking an experienced Senior Compensation Analyst to join our office in London.
Job Overview:As part of the global compensation team, the Senior Compensation Analyst will play a key role in the administration of our compensation program that attracts and retains employees across more than 25 countries. The Senior Compensation Analyst will ensure that our compensation program remains competitive and aligns with our business strategies and provides guidance to human capital and finance colleagues and business leaders across many industries and regions.
Key Responsibilities:- Conduct annual market pay analysis to ensure compensation programs remain competitive with the market.
- Build quantitative models in Excel, including data gathering, data modelling and analysis to support business decisions.
- Play a key role in the midyear and annual compensation planning and review process for an employee group or region.
- Advise human capital and talent professionals on compensation guidelines, policies, and practices.
- Develop and manage compensation communication materials.
- Work closely with finance professionals to manage compensation budgets and bonus accruals throughout the year.
- Partner with Compensation leadership to continuously improve and enhance existing processes and tools.
- Bachelor’s degree; an advanced degree in business, finance or human capital.
- 4 to 6 years of progressively responsible experience in compensation, finance, analytics and/or human capital.
- Excellent Excel and PowerPoint skills; experience with Tableau or similar data visualization tools a plus.
- Demonstrated problem solving skills with the ability to perform independent in-depth quantitative analysis.
- Strong analytical and problem-solving skills with a commitment to accuracy.
- Builds excel models and performs independent in-depth analysis.
- Works collaboratively across different functions and effectively influences business partners.
- Communicates effectively with diverse audiences at all levels in verbal and written form.
- Thrives in a fast paced and changing environment.
- Works well under pressure and ambiguity.
- Ability to work with sensitive information and maintain confidentiality.
- Maturity and professionalism.
- Experience with market pricing methodologies and surveys.
- Expertise in different compensation models and structures.
- Experience with Workday.
Please submit your resume in English.
Contact Detail:
JobFlurry Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compensation Analyst (f/m/d) - in London
✨Tip Number 1
Familiarise yourself with Oliver Wyman's compensation philosophy and recent market trends. Understanding their approach will help you align your discussions and demonstrate your knowledge during interviews.
✨Tip Number 2
Brush up on your Excel skills, especially in building quantitative models. Since this role heavily relies on data analysis, showcasing your proficiency in Excel during any practical assessments or discussions can set you apart.
✨Tip Number 3
Network with current or former employees of Oliver Wyman to gain insights into the company culture and expectations for the Senior Compensation Analyst role. This can provide you with valuable information that may not be available on their website.
✨Tip Number 4
Prepare to discuss your experience with market pricing methodologies and compensation structures. Being able to articulate your past experiences and how they relate to the responsibilities of this role will demonstrate your suitability.
We think you need these skills to ace Senior Compensation Analyst (f/m/d) - in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compensation analysis, finance, and analytics. Use keywords from the job description to demonstrate that you meet the specific requirements for the Senior Compensation Analyst role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your analytical skills and problem-solving abilities. Mention specific examples of how you've successfully managed compensation programs or conducted market pay analysis in previous roles.
Highlight Technical Skills: Emphasise your proficiency in Excel and any experience with data visualisation tools like Tableau. If you have experience with Workday or market pricing methodologies, be sure to include that as well.
Showcase Communication Skills: Since the role involves advising human capital and finance colleagues, highlight your ability to communicate effectively with diverse audiences. Provide examples of how you've influenced business partners or communicated complex information clearly.
How to prepare for a job interview at JobFlurry
✨Understand the Company Culture
Before your interview, take some time to research Oliver Wyman's culture and values. They emphasise collaboration, innovation, and a balance between work and personal life. Showing that you align with these values can make a strong impression.
✨Showcase Your Analytical Skills
As a Senior Compensation Analyst, you'll need to demonstrate your analytical prowess. Be prepared to discuss specific examples of how you've used data analysis in previous roles, particularly in Excel or similar tools, to drive business decisions.
✨Prepare for Technical Questions
Expect questions related to compensation methodologies and market pricing. Brush up on your knowledge of different compensation models and be ready to explain how you've applied them in your past experiences.
✨Communicate Effectively
Since the role involves advising various stakeholders, practice articulating complex ideas clearly and concisely. Use examples from your experience where you successfully communicated with diverse audiences to influence decisions.
