Senior Compensation Analyst

at  The Travelers Indemnity Company

WHAT IS THE OPPORTUNITY?

Travelers Europe is looking to hire a Senior Compensation Analyst!
In this role you will provide a full range of compensation services for our Europe businesses in partnership with Human Resources (HR) and Compensation leadership. Your focus will be on the design of competitive and cost effective total compensation programmes, practices and solutions to create and maintain a high performance culture.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

This role is eligible for a £1,500 new joiner referral bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus. What Will You Do?

• Advise, consult and assist Human Resources Generalists (HRGs) and clients in considering options to address issues relating to compensation administration, policy interpretation, job design, turnover, equity, etc.
• Perform market pricing, job documentation and evaluation, survey participation and related data analysis, compensation program administration, planning and overall execution in collaboration with the compensation team and HRGs.
• Maximise the application of compensation tools to support business initiatives/compensation strategies.
• Develop a solid knowledge of the assigned business area. Study and analyse data, monitor trends and recommend enhancements and changes to assure the retention, motivation and recruitment of key personnel.
• As requested, provide guidance on the compensation aspects of a new hire offer package, including base, bonus, and equity replacement valuation and considerations.
• Provide management (executive, business unit/staff department management) with reports/data, analysis and executive summaries to assist in making performance and rewards decisions worldwide.
• Assist business groups with developing new or revising existing job descriptions.
• Review draft job descriptions and provide input to assist clients in fully describing the job, ensuring use of ‘plain English’ and inclusive language.
• Provide direction on job structuring and identify organisational design issues as appropriate in support of organisational design functions.
• Ensure HR team members and managers have the knowledge and tools they need to effectively manage performance and administer compensation consistent with company philosophy and goals.
• You may design and/or deliver compensation related training.
• Continue to seek ways to influence decision making process and be relied on as a key contributor.
• Lead selected projects that are technically complex and/or sensitive.
• Prepare and analyse reports for the CEO and Head of HR as well as the Board of Directors to support the review of compensation action recommendations, ensuring that the company’s pay for performance pay philosophy and approach is adhered to.
• Provide support as necessary to compensation lead and team members.
• As an employee you are expected to act in an ethical manner at all times. You will ensure you understand all compliance and regulatory requirements for your role by completing all necessary training and certifications.
• As an employee we expect your actions and outcomes will at all times meet local regulatory and supervisory approaches to ensure fair treatment of our customers. You will ensure you keep adequate records of all transactions undertaken with customers, brokers and all other parties.
• Perform other duties as assigned.
• Be Committed, Be Connected, Be Creative and Be Energised - these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making Travelers Europe a great place to work.

• Advise, consult and assist Human Resources Generalists (HRGs) and clients in considering options to address issues relating to compensation administration, policy interpretation, job design, turnover, equity, etc.
• Perform market pricing, job documentation and evaluation, survey participation and related data analysis, compensation program administration, planning and overall execution in collaboration with the compensation team and HRGs.
• Maximise the application of compensation tools to support business initiatives/compensation strategies.
• Develop a solid knowledge of the assigned business area. Study and analyse data, monitor trends and recommend enhancements and changes to assure the retention, motivation and recruitment of key personnel.
• As requested, provide guidance on the compensation aspects of a new hire offer package, including base, bonus, and equity replacement valuation and considerations.
• Provide management (executive, business unit/staff department management) with reports/data, analysis and executive summaries to assist in making performance and rewards decisions worldwide.
• Assist business groups with developing new or revising existing job descriptions.
• Review draft job descriptions and provide input to assist clients in fully describing the job, ensuring use of ‘plain English’ and inclusive language.
• Provide direction on job structuring and identify organisational design issues as appropriate in support of organisational design functions.
• Ensure HR team members and managers have the knowledge and tools they need to effectively manage performance and administer compensation consistent with company philosophy and goals.
• You may design and/or deliver compensation related training.
• Continue to seek ways to influence decision making process and be relied on as a key contributor.
• Lead selected projects that are technically complex and/or sensitive.
• Prepare and analyse reports for the CEO and Head of HR as well as the Board of Directors to support the review of compensation action recommendations, ensuring that the company’s pay for performance pay philosophy and approach is adhered to.
• Provide support as necessary to compensation lead and team members.
• As an employee you are expected to act in an ethical manner at all times. You will ensure you understand all compliance and regulatory requirements for your role by completing all necessary training and certifications.
• As an employee we expect your actions and outcomes will at all times meet local regulatory and supervisory approaches to ensure fair treatment of our customers. You will ensure you keep adequate records of all transactions undertaken with customers, brokers and all other parties.
• Perform other duties as assigned.
• Be Committed, Be Connected, Be Creative and Be Energised - these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making Travelers Europe a great place to work