At a Glance
- Tasks: Lead the delivery of annual compensation cycles and manage colleague benefits.
- Company: Join Standard Life, a trusted retirement specialist with over 200 years of experience.
- Benefits: Enjoy a competitive salary, generous leave, private medical cover, and more.
- Other info: Embrace a culture of curiosity, connection, and high standards while enjoying excellent career growth.
- Why this job: Make a real impact on employee engagement and business performance in a flexible environment.
- Qualifications: Significant experience in reward functions and strong analytical skills required.
The predicted salary is between 50000 - 75000 £ per year.
Job Type: Fixed Term Contract - 6 months
Location: This is a hybrid role and can be based out of either our Birmingham, Edinburgh, Telford or London office.
Flexible working: All roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Closing Date: 07/08/2026
Salary and benefits:
- £50,000 - £75,000 salary
- Bonus range of 16%-32%
- Private medical cover
- 38 days annual leave
- Excellent pension
- 12x salary life assurance
- Career breaks
- Income protection
- 3x volunteering days
- Much more
We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.
The role:
We are seeking an experienced Senior Reward Consultant to join our Reward team on a temporary basis to support the delivery of key reward and benefits activities during a critical period. This role will play a leading part in the successful delivery of the annual compensation cycle, including salary review, bonus and incentive processes, while also supporting the ongoing development and management of our colleague benefits proposition.
The successful candidate will bring strong technical reward expertise, excellent stakeholder management skills and a proven ability to manage complex projects and competing priorities. The role offers an opportunity to partner with HR colleagues and external providers to deliver fair, competitive and commercially effective reward outcomes that support colleague engagement and business performance.
Key Responsibilities:
- Support the end-to-end delivery of the annual compensation cycle, including pay review, annual incentive plan (AIP) and bonus processes.
- Contribute to reward projects and business change activities, providing specialist reward expertise and recommendations.
- Provide expert reward advice and guidance to HR colleagues on pay, incentives, job evaluation and reward policies.
- Undertake reward modelling, analysis and insight generation to support reward decision-making and governance.
- Support colleague benefits programmes, including benefits renewals, provider relationships and colleague communications.
- Support reward governance activities, ensuring appropriate controls, documentation and compliance.
- Monitor market trends and emerging reward practices to help shape future reward and benefits solutions.
What are we looking for?
- Significant experience working within a Reward function as a Senior Reward Consultant.
- Proven experience supporting annual compensation cycles, including salary review and bonus processes.
- Benefits experience, including benefits governance, provider management and colleague communications.
- Advanced analytical and modelling skills with the ability to interpret complex data and provide actionable insights.
- Experience delivering multiple priorities simultaneously.
- Excellent communication and presentation skills.
- Preferably to have Financial Services Experience.
We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
Senior Reward Consultant employer: Standard Life (previously Phoenix Group)
Standard Life is an excellent employer, offering a dynamic work environment where BPA Actuaries can thrive and make a meaningful impact in the life insurance sector. With a strong focus on employee growth, competitive salaries, and an attractive benefits package that includes private medical cover and generous annual leave, employees are supported in achieving a healthy work-life balance. The hybrid working model allows for flexibility, making it an ideal workplace for those seeking both professional development and personal fulfilment.
Contact Details:
Standard Life (previously Phoenix Group) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reward Consultant
✨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 Standard Life (previously Phoenix Group).
✨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 Standard Life (previously Phoenix Group) 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 Senior Reward Consultant
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 Standard Life (previously Phoenix Group) 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 Standard Life (previously Phoenix Group). 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 Standard Life (previously Phoenix Group) confidence in your short-term commitment to the role.
How to prepare for a job interview at Standard Life (previously Phoenix Group)
✨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 Standard Life (previously Phoenix Group).
✨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 Standard Life (previously Phoenix Group) 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.
