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- Tasks: Analyse benefits data and support compensation programs to enhance employee rewards.
- Company: Ryan Specialty is a leading insurance firm focused on innovative solutions.
- Benefits: Enjoy competitive pay, flexible work options, and a supportive team culture.
- Why this job: Join a dynamic team making a real impact on employee satisfaction and organisational success.
- Qualifications: Experience in international compensation, strong analytical skills, and proficiency in Workday required.
- Other info: This role promotes diversity and inclusion, valuing all perspectives.
The predicted salary is between 52000 - 84000 £ per year.
Join to apply for the Senior Compensation & Benefits Analyst role at Ryan Specialty 5 days ago Be among the first 25 applicants Join to apply for the Senior Compensation & Benefits Analyst role at Ryan Specialty Position Summary The Total Rewards Analyst is responsible for providing analytical and administrative support for Ryan Specialty compensation and benefits programs to help deliver total rewards packages that are competitive, meet employee needs, and support organizational goals. This role will provide expertise in benefits administration and compliance, ensuring the company\’s benefit plans are competitive, cost-effective, and in compliance with applicable regulations. Position Summary The Total Rewards Analyst is responsible for providing analytical and administrative support for Ryan Specialty compensation and benefits programs to help deliver total rewards packages that are competitive, meet employee needs, and support organizational goals. This role will provide expertise in benefits administration and compliance, ensuring the company\’s benefit plans are competitive, cost-effective, and in compliance with applicable regulations. Location: London – UK What will your job entail? Job Responsibilities Run reports and analyse benefits data in support of Workday and Benefit Vendor benefits systems and benefit audit tasks. Support and provide input to the development, implementation, and maintenance of company-wide Total Rewards offerings. Partners effectively with cross functional teams, such as Finance, Legal, HR Tech and HRBPs, to optimise HR capability and system accuracy. Partner with vendors and assist in updating intranet communications to increase both actual and perceived value of Total Rewards offerings to employees. Conducts analysis and develops metrics to determine effectiveness of wellness initiatives and makes recommendations for improvements. Manage one or more non-core total rewards vendor relationships, monitoring performance, utilization, and invoicing. Participate in compensation surveys and benchmarking roles, analyzing role requirements to best classify jobs and pull correct compensation comparable data. Drive core processes such as various compensation approvals and maintenance of job architecture; be brilliant with the basics – Supports compensation training and the implementation of year-end merit & bonus cycles. Responsible for the annual Open Enrolment process and related communications. Extensive compensation data compilation, manipulation, and analysis, including running ad hoc reports and report design in Workday compensation module. Work Experience And Education Relevant work experience within International compensation and benefits programmes. Strong knowledge of Workday Experience with benefits plan design, including cost analysis and benchmarking. Analytical mindset complimented by strong problem-solving skills and detail orientation. Excellent organisational and project management skills and the ability to proactively plan large bodies of work ensuring milestones are met. Ability to work well independently as well as collaboratively, creatively, and use own judgement. Experience handling highly confidential information. MS Excel (V-Look Up, Formulas and Pivot Tables) MS Power Point Behavioral Skills Building Relationships Empathy Change Management Disclaimer Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment. Seniority level Seniority level Mid-Senior level Employment type Employment type Full-time Job function Job function Human Resources Industries Insurance Referrals increase your chances of interviewing at Ryan Specialty by 2x Get notified about new Senior Compensation Benefits Analyst jobs in London, England, United Kingdom . 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Senior Compensation & Benefits Analyst employer: Ryan Specialty
Contact Detail:
Ryan Specialty Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compensation & Benefits Analyst
✨Tip Number 1
Familiarise yourself with Workday, as it's a key system for this role. If you can demonstrate your proficiency in using Workday for compensation and benefits analysis, it will set you apart from other candidates.
✨Tip Number 2
Network with professionals in the compensation and benefits field. Attend industry events or join relevant online forums to connect with others who might provide insights or even referrals for the position.
✨Tip Number 3
Stay updated on the latest trends in compensation and benefits, especially in the insurance sector. Being knowledgeable about current market practices will show your commitment and expertise during interviews.
✨Tip Number 4
Prepare to discuss specific examples of how you've improved compensation or benefits programmes in previous roles. Highlighting your analytical skills and problem-solving abilities will resonate well with the hiring team.
We think you need these skills to ace Senior Compensation & Benefits Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compensation and benefits, particularly with international programmes. Use keywords from the job description to demonstrate your fit for the role.
Craft a Strong Cover Letter: In your cover letter, explain why you are passionate about the Total Rewards Analyst position. Mention specific skills like your analytical mindset and experience with Workday, and how they align with the company's goals.
Showcase Your Analytical Skills: Provide examples of past projects where you successfully analysed benefits data or conducted compensation surveys. Highlight your problem-solving skills and attention to detail, as these are crucial for this role.
Highlight Collaboration Experience: Since the role involves partnering with cross-functional teams, include examples of how you've effectively collaborated with other departments in previous roles. This will show your ability to work well both independently and as part of a team.
How to prepare for a job interview at Ryan Specialty
✨Know Your Numbers
As a Senior Compensation & Benefits Analyst, you'll need to demonstrate your analytical skills. Be prepared to discuss specific metrics you've worked with, such as compensation data analysis or benefits cost analysis. Bring examples of reports you've generated and how they influenced decision-making.
✨Familiarise Yourself with Workday
Since the role involves using Workday for compensation and benefits management, make sure you have a solid understanding of its functionalities. Brush up on how to run reports and manipulate data within the system, as this will likely come up during the interview.
✨Showcase Your Project Management Skills
The job requires excellent organisational and project management skills. Prepare to discuss past projects where you successfully managed timelines and deliverables. Highlight any experience you have in leading initiatives related to total rewards or benefits administration.
✨Emphasise Collaboration
This role involves partnering with various teams like Finance, Legal, and HR. Be ready to share examples of how you've effectively collaborated with cross-functional teams in the past. Discuss how you handle differing opinions and work towards a common goal.
