Reward Analyst

About Octopus

At Octopus we’re transforming the industries we operate in and improving the lives of millions of people. We’ve built market-leading positions in a number of specialist sectors, including smaller company financing, renewable energy, healthcare and property finance. We employ 700 people and manage more than £7 billion on behalf of more than 50,000 investors. Our products don’t just help real people solve real life problems, they also make a positive impact on the world around us.

The Octopus Group incorporates Octopus Energy, Octopus Healthcare, Octopus Investments, Octopus Property, Octopus Ventures and Octopus Labs. Our aim is to have an impact in everything we do, and to make a vital contribution to the UK economy by helping people, companies and institutions generate wealth. And we’re always on the look-out for smart, talented people who share our values.

About the role

Octopus are an ambitious, high growth organisation whose goal is to attract and retain high performance and diverse talent across the group. Our aim is to support and promote a best-in-class Employee Value Proposition (EVP) that differentiates Octopus in the market, contributes to employee engagement and supports a high performance culture.

The role will sit within our HR operations team and will ultimately be responsible for supporting the implementation, day to day management, and administration of key compensation and reward schemes along with the associated processes.

The role will support the delivery of cyclical reward processes like annual pay reviews, benefits sign up, and projects including the selection of third party suppliers, paperless process improvement, job evaluation, grading processes and any other reward related programs.

A key focus of this role is coordinating monthly payroll and pension processes with our third-party providers, requiring data manipulation skills and a strong eye for detail. They will be an internal contact point for manager and employee queries about payroll and benefit issues, answering queries by email, face to face and by phone, and escalating as appropriate.

All roles within the HR team, including the Rewards Analyst, are highly visible roles across the company with the expectation that you will champion HR and help build the profile of the function across the company. Alongside colleagues in HR, the Rewards Analyst is responsible for championing initiatives that deepen the Octopus culture.

Essential Job Functions

• Supporting the implementation of a world-class Reward and Recognition strategy that aligns to the company’s vision, mission and values
• Administering regular processes including payroll, pensions and share options
• Supporting the cyclical processes including performance review, pay and bonus review, share options grants
• Work in partnership with vendors to ensure smooth ongoing administration, and ensuring the optimum service is being received for Octopus benefits programs
• Answering queries from managers and employees regarding reward and recognition
• Administer the HR Information System and other Reward systems, ensuring all employee data is up to date and accurate
• Support the HR team and managers with insightful analysis on job levelling, benchmarking and benefits evaluation
• Ensure statutory and regulatory compliance of Compensation and Benefits programs particularly in respect of Code Staff & remuneration policy
• Identify opportunities to improve Reward programs
• Implement communication initiatives to ensure appropriate understanding of Rewards programs across the organisation

Job Specific Experience/Technical Skills/Abilities

• Experience of working within reward, compensation and benefits
• Exceptional attention to detail and strong organisational skills; ability to handle high volumes of multiple tasks and priorities and remain calm under pressure
• Possess the confidence and empathy required to cope with highly sensitive situations that arise
• Displays integrity – sincere in own behaviour and in dealings with others
• Self-motivated and self-aware – recognises own strengths and weaknesses and is committed to personal development
• Results-focused – understands what is important to staff, clients and management – is committed to achieving goals and accountable for their work. Tenacious approach to delivery, quality of output and organisation
• Capable communication skills - handles complex and difficult situations with thought, humility and confidence
• Must be curious and seek to instil automated and digital solutions wherever appropriate
• Must be comfortable in using technology and leveraging digital applications and media platforms
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Specifically, you will have…

• Previous compensation and benefits experience advantageous ideally within both a large complex company and or a fast-moving entrepreneurial company
• Experience of working in a financially regulated environment is critical as well as having a good grasp of remuneration impact of risk takers and code staff
• Advanced Microsoft Excel and Word skills, and a taste for new technology and systems
• Analytical with good critical thinking and numerical skills
• Have a high level of attention to detail reacting quickly, when needed, to make sound decisions
• Good organisational and planning skills; able to multitask and work under pressure
• Ability to manage sensitive and confidential information appropriately
• Excellent relationship building and communication skills with employees of all levels
• Professional and engaging manner
• Humility and the ability to remain grounded, see things from others point of view and roll your sleeves up as and when required to support colleagues in meeting their commitments
• Be a team player with a can do attitude
• Be calm under pressure, able to manage time and competing priorities
• Be confident with technology
• Think creatively and innovatively about how to do things better
• Be able to work with minimum supervision and prioritise and ever changing workload
• Treat others as you would expect to be treated

Our Values

Be helpful

Random acts of kindness make the workplace a better place so, go out of your way to be helpful, and give people reasons to smile

Be straightforward

Life is complicated enough. Don’t make it harder for yourself, or for others. Sometimes the simplest approach works wonders.

Be bold

Every great business started with a flash of inspiration. If you’ve got a great idea, don’t keep it to yourself.

At Octopus, we recognise the importance of embracing diversity in order to create a high-performance culture.