Munich Re Specialty Group (MRSG) are looking for an experience Rewards Consultant to join our fantastic HR team!
London , United Kingdom
Responsible for the overall management of MRSG’s employee benefits, wellbeing programs and remuneration plans. Ensures are plans are strategically fit to attract and retain MRSG’s global workforce. Further ensures all plans are governed appropriately and follows local regulatory requirements.
Partner with HR leadership and Regional COEs to develop and implement compensation, benefits and wellbeing strategies for a wide array of employee populations within MRSG.
Develops, implements, and manages benefit policies, systems, programs, and procedures. Manage the day-to-day administration of assigned reward programs including vendor relationship – deploy meaningful communications that promote assigned programs to increase engagement and awareness. Subject matter expert for all programs.
Provide guidance to HR Leadership and develop creative solutions on a variety of total compensation issues to support the attraction and retention of talent, including the setting of appropriate base pay and equity compensation levels.
Performs with input from HRBPs job evaluations using market data and internal evaluation.
Conduct salary surveys with key industry contacts annually.
Collaborates with internal partners (Payroll, Legal, Safety, Procurement, Communications and Finance teams) on the implementation, processing, budgeting, forecasting, communication, and compliance of assigned benefits programs.
Perform deep analysis on effectiveness and competitiveness of existing rewards programs and model potential impact of alternatives
Lead the development and implementation of our wellbeing programs, analyze employee wellbeing requirements, monitor and advise on wellbeing trends.
Build and maintain operational and process excellence mechanisms for all rewards programs.
Manages all program through a set up KPIs.
Excellent writing skills
Analytical, ability to condense large amounts of data into meaningful information
Strong Excel skills
Competencies for the Role
Work cooperatively and flexibly with other members of the team with a full understanding of the role to be played as a team member.
Communicate clearly and persuasively, both orally and in writing.
Get things done well and the ability to set and meet ambitious goals, create own measures of excellence and constantly seek ways of improving performance.
Analyse situations, diagnose problems, identify the key issues, establish and weigh up alternative courses of action and produce a logical, practical and acceptable solution.
Adapt and work effectively in different situations and to carry out a variety of tasks.
6. Customer focus
Take constant care in looking after the interests of external and internal customers. Ensure that their wants, needs and expectations are given due consideration and that all efforts are made to meet them wherever fair and reasonable, in line with any standards from an industry regulator.
7. Planning and prioritising
The ability to decide on courses of action, ensure that the necessary resources are available and schedule the work required to achieve a defined result in a desirable manner.
8. Share knowledge
Share knowledge about the role you perform fully and willingly with others, where this is relevant, in the interests of the organisation.
Take responsibility for your own career and actively support ‘continuing professional development’.
10. Commercial/business awareness
The capacity to understand the business opportunities and priorities of the organisation and constantly seek methods of ensuring that the organisation continues to be business-like and continues to meet the standards and requirements of its regulators.
Education and Professional Qualifications Required / (preferred)
5-7 years relevant experience
Degree educated is desirable
CIPD qualification desirable
MRSG UK Services Limited is the employing entity for staff supporting the business activities of Munich Re Syndicate Limited (MRSL), Munich Re Specialty Group Limited (MRSG), Munich Re Specialty Insurance (UK) Limited (MRSI UK), Roanoke International Brokers Limited (RIBL) and Munich Re Digital Partners Limited (DP).
As part of Munich Re Specialty Group (MRSG), Munich Re Specialty Insurance (UK) Ltd (MRSI UK) brings together the long-standing and market-leading underwriting and claims expertise of NMU in the UK marine & specialty insurance markets with GrovesJohnWestrup, our UK Private Client proposition for insurance brokers and other intermediaries with clients who have unique and complex risks, as well as GJW Direct, UK‘s Specialist Direct Boat insurer.
Additionally, MRSI UK is affiliated with Munich Re Digital Partners Ltd (MRDP) that provides digital distributors a comprehensive go-to-market partnership in the UK and the EU, and Munich Re Risk Solutions Ireland Ltd (MRRSI) offering marine & specialty insurance solutions in Ireland and the EU.
As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Hong Kong, Singapore, Labuan and Dubai. We are also represented in Lloyd’s China.
Our group of companies provide solutions covering Casualty, Marine & Cargo, Energy & Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht.
Known for our dedication to excellence and quality of service provision, we pride ourselves on offering you a phenomenal place to work.
Munich Re’s employees are the backbone of the Group’s business success. They are the people that drive the business forward and develop new solutions for our clients.
Ensuring that we recruit versatile staff is therefore crucial to our future success. Our objective is to make Munich Re the employer of choice for potential employees on the global job market..
To help us achieve this goal we offer a competitive salary and a generous and comprehensive benefits package which we regularly review in accordance with external market data, to ensure you are paid fairly and our benefits are tailored to suit your lifestyle. Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.
Please Note: All applications must be received via the website. Any CVs received via email will not be considered.
Re_think, Re_engineer, Re_define, Re_invent, the boundaries of Insurance.
Once you hit apply, there is a short, 10 minute application form to complete. Please ensure you attach your current CV when applying and include details regarding your salary expectations. If you have a disability or special need that requires accommodation, please let us know. Due to volume, we cannot always provide detailed feedback at CV stage.
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