Reward Analyst

We are looking for a Reward Analyst to join our driven team in our brand new head office in central Milton Keynes. You will p rovide accurate, timely reward data, analysis and insight to support decision-making and the delivery of the Group's reward strategy. You will support the annual reward cycle, including pay reviews, bonus / incentive awards and benchmarking, through modelling, reporting and data quality assurance and act as the Reward Team's first point of contact for reward data, supporting compliance reporting and the effective use of People systems.

Key Responsibilities:

• Build, maintain and quality-assure reward models and reports, including pay review and bonus / incentive modelling and costings.
• Support the annual reward cycle by preparing and validating data, and reconciling outputs with Payroll and Finance.
• Carry out salary benchmarking and market pay analysis, including submissions to external salary surveys, presenting findings in a clear format.
• Analyse pay data to support compliance with legal and regulatory requirements, including National Minimum Wage / National Living Wage, equal pay and gender pay gap reporting.
• Produce regular reward management information and dashboards for the Reward Team, People Team and senior stakeholders, highlighting trends, risks and opportunities.
• Provide data and analysis to support Remuneration Committee and senior leadership papers, ensuring accuracy and delivery to deadline.
• Update and maintain reward matrices, pay structures and job evaluation/levelling records, highlighting any opportunities for improvement.
• Analyse benefit take-up, costs and provider performance data to support benefit renewals, tendering processes and supplier reviews.
• Support the effective operation and maintenance of the HR System, building and maintaining reward reports and ensuring that reward data remains accurate.
• Work with Payroll, Finance and the wider People team to ensure the maintenance and integrity of People data, identifying and resolving discrepancies.
• Identify opportunities to automate and improve reward reporting and processes.
• Respond to ad hoc data requests from across the business, maintaining confidentiality at all times.

Knowledge, Skills and Experience:

• Previous experience of working in an analyst role using HR, reward or workforce data.
• Advanced Excel capability (formulae, pivot tables, lookups)
• Data literate and able to present data in a clear format
• Ability to communicate complex information, adapting style to suit audience
• Strong organisational skills with the ability to prioritise effectively
• Ability to apply discretion managing sensitive information.
• Understanding of legislative and regulatory issues affecting reward
• Proactive, enthusiastic, someone who strives for excellence
• A team player
• Self-motivated and driven
• Highly numerate with attention to detail
• Analytical and logical approach to problem solving
• Experience of salary benchmarking or market pay analysis
• Experience of reward cycle modelling
• Experience with Workday or comparable HCM tools.
• CIPD qualified or studying towards
• Degree or professional qualification in a numerate or analytical discipline
• Experience of data visualisation tools (e.g. Power BI)
• Understanding of pay structures and job evaluation

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