Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead the transformation of reward structures for a boutique insurance firm.
- Company: Dynamic insurance firm in London with a focus on growth.
- Benefits: Competitive day rate, hybrid working, and flexible hours.
- Other info: Opportunity to shape future reward frameworks and career progression.
- Why this job: Make a significant impact on reward strategies in a growing company.
- Qualifications: Senior Reward experience in financial services and hands-on change delivery.
Interim Head of Reward London – hybrid working (2 days per week in office)
Duration: 3 months initial (with flexibility)
Working Pattern: 3–4 days per week
Day Rate: £800 per day (outside IR35)
Middlemore have been retained to recruit an interim Reward Consultant / Head of Reward for an initial three month day rate contract (outside IR35) to "get the house in order" for a boutique insurance firm in the city. The business is transitioning from a centrally supported HR Operations and COE model to build on internal foundations and capabilities as it prepares for its next stage of growth. This is an interim fixed piece of work and will play a key part in establishing scalable, fit-for-purpose reward structures, including job grading, pay bands, realigning executive pay and revenue generator incentives.
Purpose
The role will cover all aspects of total reward for ~ 80 FTE and can be defined under four specific pillars:
- Total Reward process review
- Reward Framework and Job Evaluation
- Executive compensation review (6 FTE)
- Revenue generator incentives
Key Outcomes
- Total Reward Process Review: To review, simplify and document reward policies and processes to ensure they are effective and fit for the future. Implement best practice records management enabling effective tracking of decision making and delivery of future deferrals. Create an annual plan of key Reward activity.
- Reward Framework and Job Evaluation: To design and implement a pragmatic, scalable and commercial job architecture framework where all roles are graded and aligned to Hay Grading methodology. Benchmarked Reward mapping to overlaid work levels. Create internal sustainable guidance.
- Executive Compensation Review: To support on the review and, if required, redesign an LTIP scheme for ExCo (6 FTE) selecting and implementing a compliant, target driven, simple and effective vehicle which is fit for future. Create a RemCo cycle annual plan for all standing items including target setting.
- Revenue Generator Incentives: To support the review and redesign of targeted incentive plans for revenue generators to support a culture of high performance and retention of critical employees.
Key Deliverables
- Job architecture and grading framework
- Defined pay bands
- Simplified documented processes and policies
- LTIP review and, if required, redesign
- Incentive frameworks
- Handover documentation for HR to continue to manage and evolve.
Candidate Profile
- Senior Reward experience in financial services/insurance (preferably London Market/specialty insurance) – essential
- Experience in delivering hands-on total reward change – essential
- Experience in the end-to-end spectrum of reward from LTIP through to creating job architecture – essential
- HAY grading experience – desirable
- Experience as a standalone SME – desirable
Capabilities
- Strategic and hands-on delivery
- Commercially focused
- Strong stakeholder management
- Pragmatic and solution-oriented
- Highly numerate with the ability to produce reports and statistics as required
- Professional and positive approach at all times
- Strong influencing/negotiating skills
If this is something of interest please do apply or reach out directly to jenna.stocks@middlemore.co.uk for more information.
Interim Reward Consultant in City of London employer: Middlemore
Contact Detail:
Middlemore Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Interim Reward Consultant in City of London
✨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 you engage, the better your chances of landing that interim role.
✨Showcase Your Expertise
When you get the chance to chat with potential employers, don’t hold back! Share your past experiences and how they relate to the role. We want to see how your skills can help shape their reward structures.
✨Be Ready for a Quick Turnaround
Interim roles often move fast, so be prepared for quick interviews and decisions. Keep your schedule flexible and show them you’re ready to jump in and make an impact right away!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step.
We think you need these skills to ace Interim Reward Consultant in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Interim Reward Consultant. Highlight your senior reward experience, especially in financial services or insurance, and showcase any hands-on total reward change you've delivered. We want to see how your skills align with the job description!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to the key deliverables, like job architecture or incentive frameworks. We love a good story that connects your past work to what we need!
Showcase Your Skills: Don’t forget to highlight your capabilities in strategic delivery and stakeholder management. We’re looking for someone who’s commercially focused and solution-oriented, so make sure these traits come through in your application. Let us know how you can bring value to our team!
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 serious about joining our team at StudySmarter. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Middlemore
✨Know Your Reward Framework
Make sure you’re well-versed in the principles of total reward and job grading, especially the Hay Grading methodology. Brush up on how to design and implement scalable reward structures, as this will be a key focus for the role.
✨Showcase Your Hands-On Experience
Prepare to discuss specific examples from your past roles where you’ve successfully delivered total reward change. Highlight your strategic and hands-on delivery capabilities, as well as any experience you have with executive compensation reviews.
✨Understand Stakeholder Management
Be ready to talk about your approach to managing stakeholders effectively. This role requires strong influencing and negotiating skills, so think of instances where you’ve navigated complex stakeholder relationships successfully.
✨Bring Data to the Table
Since the role involves producing reports and statistics, come prepared with examples of how you've used data to inform decision-making in previous positions. This will demonstrate your numeracy skills and your ability to create impactful reports.