At a Glance
- Tasks: Support benefits administration and payroll operations for EMEA employees.
- Company: Join a leading hedge fund with a dynamic work environment.
- Benefits: Competitive salary, health benefits, and opportunities for professional growth.
- Other info: Collaborate with diverse teams and enhance your HR skills.
- Why this job: Make a real impact on employee wellbeing and compensation processes.
- Qualifications: Knowledge of UK benefits and payroll, strong attention to detail.
The predicted salary is between 40000 - 55000 £ per year.
As the Compensation & Benefits Associate, you will support benefits administration, assist with compensation processes, and contribute to payroll operations for Schonfeld's EMEA employees. You will be a day-to-day contributor across our benefits programmes, supporting on annual compensation cycles, and a reliable partner on payroll ensuring each cycle runs accurately and on time. You will work closely with HCM, Accounting, and Legal, as well as external brokers, vendors, and payroll providers.
What you’ll do
- Benefits Administration
- Assist with the administration of employee benefits, including private medical, life insurance, group income protection and pension.
- Support the full employee benefits lifecycle: enrolments, changes, leavers, and qualifying life events.
- Support benefits onboarding for new joiners and offboarding for leavers, ensuring accurate and timely processing.
- Track invoices and payments across all benefits providers and process medical insurance payments.
- Support pension administration: new joiner set-ups (auto-enrolment, opt-ins/opt-outs).
- Payroll/Compensation Operations
- Support end-to-end payroll processing in partnership with the local payroll provider, using ADP and Workday.
- Prepare payroll inputs each cycle, including new hires, leavers, salary changes, and benefits-related adjustments.
- Conduct payroll audits and reconciliations to ensure data accuracy and integrity across systems.
- Maintain audit-ready payroll records, including clear documentation of processes and controls and support internal and external audits across all countries.
- Assist with payrolling of benefits and pension contributions.
What you’ll bring
- Working knowledge of UK statutory benefits and payroll requirements (HMRC, auto-enrolment).
- Experience maintaining relationships with benefits brokers and vendors.
- Comfortable working across multiple HR and payroll systems (e.g. Workday, ADP).
- Strong attention to detail and high standards for data accuracy and confidentiality.
- Clear written and verbal communication skills.
- Proficiency in Microsoft Excel for analysis and reporting.
- Experience with European and South America benefits administration with exposure to payroll operations.
- Working experience at a hedge fund and/or in the financial services industry.
Compensation & Benefits Associate employer: jobr.pro
At Schonfeld, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Compensation & Benefits Associate, you will benefit from comprehensive employee development opportunities, competitive compensation packages, and a supportive environment that values your contributions. Located in the heart of EMEA, our office provides a vibrant atmosphere where you can thrive professionally while enjoying a balanced work-life experience.
StudySmarter Expert Advice🤫
We think this is how you could land Compensation & Benefits Associate
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and HR sectors. Let them know you're on the lookout for a Compensation & Benefits Associate role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK statutory benefits and payroll requirements. Be ready to discuss your experience with systems like Workday and ADP, as well as how you've maintained relationships with benefits brokers. Show us you know your stuff!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or family. Focus on articulating your experience in benefits administration and payroll operations clearly. This will help you feel more confident when it’s time to shine in front of potential employers.
✨Tip Number 4
Don’t forget to apply through our website! We love seeing applications come directly from candidates who are genuinely interested in joining our team. Tailor your application to highlight your attention to detail and experience in the financial services industry.
We think you need these skills to ace Compensation & Benefits Associate
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Compensation & Benefits Associate role. Highlight your experience with benefits administration and payroll processes, and don’t forget to mention any relevant software skills like Workday or ADP.
Show Your Attention to Detail:In your application, emphasise your strong attention to detail. This role requires accuracy in payroll and benefits management, so share examples of how you've maintained high standards in your previous work.
Communicate Clearly:Since clear communication is key in this role, ensure your written application reflects that. Use straightforward language and structure your thoughts logically to demonstrate your communication skills.
Apply Through Our Website:We encourage you to apply through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and get back to you quickly!
How to prepare for a job interview at jobr.pro
✨Know Your Benefits Inside Out
Make sure you brush up on your knowledge of UK statutory benefits and payroll requirements. Being able to discuss specifics about private medical, life insurance, and pension administration will show that you're not just familiar with the terms but can also apply them practically.
✨Showcase Your Attention to Detail
Since this role requires a strong focus on data accuracy, prepare examples from your past experiences where your attention to detail made a difference. Whether it was during payroll audits or maintaining records, having concrete examples ready will impress your interviewers.
✨Familiarise Yourself with Relevant Software
Get comfortable with systems like Workday and ADP before your interview. If you can demonstrate your proficiency in these tools, it’ll give you an edge, especially when discussing how you would handle payroll processing and benefits administration.
✨Communicate Clearly and Confidently
Practice articulating your thoughts clearly, as communication skills are key for this role. Whether it's explaining complex compensation processes or discussing your experience with benefits brokers, being concise and confident will help you stand out.
