Job Title: Senior Reward Manager

Location: Hybrid working model 2 days a week in London City office

Reporting to: Director of Compensation

Package Indicator: Up to £100,000 + Bonus & Excellent Benefits Suite

Role Summary

This role is responsible for shaping and delivering the organisation’s Reward strategy, ensuring it supports business performance and workforce effectiveness. As a senior member of the reward function, you will provide expert guidance on pay structures, incentive frameworks, and market positioning within a large, complex environment.

A key focus will be on designing and refining sales incentive programmes, alongside broader compensation initiatives, ensuring alignment with organisational priorities and financial outcomes.

Key Responsibilities

Compensation Strategy & Advisory

• Act as a senior advisor to HR and business leaders on all compensation-related matters
• Translate business objectives into effective and commercially sound pay solutions
• Provide insight and challenge to ensure reward decisions are competitive and sustainable

Sales Incentives & Variable Pay

• Develop and enhance sales compensation plans, ensuring they drive performance and align with revenue objectives
• Oversee the full lifecycle of incentive plans, including structure design, financial modelling, and rollout
• Evaluate effectiveness of schemes and recommend adjustments based on performance outcomes and market practice

Annual Pay & Bonus Processes

• Lead the delivery of annual salary review cycles, including budget planning and pay recommendations
• Manage variable pay processes, ensuring alignment between individual performance and reward outcomes
• Partner with relevant stakeholders to ensure fair and consistent application across different employee groups

Job Evaluation & Pay Frameworks

• Oversee role evaluation and grading methodologies, ensuring consistency and transparency
• Maintain and evolve pay structures to reflect organisational needs and external market trends

Market Insight & Continuous Improvement

• Monitor external compensation trends and benchmarking data to inform decision-making
• Identify opportunities to improve reward frameworks, tools, and communication approaches
• Contribute to the evolution of compensation policies and practices

Project Delivery

• Lead key compensation initiatives, from initial concept through to implementation
• Manage multiple priorities in a fast-paced environment, ensuring high-quality delivery

Collaboration & Team Contribution

• Work closely with colleagues across HR, Finance, and business functions to deliver integrated solutions
• Support the development of team capability through knowledge sharing and informal mentoring

Skills & Capabilities

• Strong analytical capability with the ability to interpret complex data and financial information
• Deep understanding of fixed and variable compensation frameworks, including sales incentives
• Confident communicator, able to present complex concepts in a clear and engaging way
• Proven ability to influence and build credibility with senior stakeholders
• High level of attention to detail and accuracy
• Commercial mindset with a strong understanding of business drivers
• Comfortable operating in evolving and sometimes ambiguous environments
• Collaborative approach with the ability to build effective working relationships

Experience

• Demonstrated experience in compensation or reward roles within large, multi-layered organisations
• Strong expertise in designing and implementing incentive schemes, particularly for sales populations
• Experience balancing multiple stakeholder perspectives to reach effective solutions
• Familiarity with market benchmarking, pay governance, and regulatory considerations