Senior Compensation Analyst

Who Are We?

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Human Resources

Target Openings

1

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.

What Will Our Ideal Candidate Have?

• Your degree will likely be in one of the following disciplines: Maths, Statistics, Economics, HR or Business Administration.
• Preferably you will have prior experience with and knowledge of compensation compliance laws/requirements, market analysis and pay structure design methodologies, variable compensation and equity plans.
• In addition, it is preferred that you have the following experience:
• Strong experience of pricing roles in different jurisdictions in multiple currencies; workforce planning and preparing materials for senior leader, which include multiple HR metrics, plus your own analysis/recommendations.
• General experience with PeopleSoft or Workday HR systems, and with Cognos reporting software.
• Intermediate analytical problem solving, influencing, communications, leadership, and project management ability required.
• Intermediate written, oral and presentation skills.
• Advanced Excel, Word and related software package skills preferred, specifically having the ability to create graphs, and perform vlookups and pivot tables is preferred.
• CIPD qualification is preferred for this role.

What is a Must Have?

• You will need to hold a Bachelors degree or equivalent in order to do this role.
• You will also need previous experience in a compensation role, with specific experience in job evaluation, role pricing and survey submission/data scrubbing along with provision of general HR metrics preparation and analysis.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a basic contribution of 9% of pensionable salary to your Group Personal Pension Plan ("GPPP"). If you decide to contribute an additional amount from your salary, you will receive an increased company contribution up to a maximum of 3%. This would bring the total company contribution to 12%.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Employee Assistance programme provides access to professional counseling services and other resources to support your daily life needs. Through the EAP, you're eligible for five free counseling sessions with a licensed therapist.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

What Is in It for You?

• Private Medical Insuran ce: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-) so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit .