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Technical Compensation Specialist

Canada Life Limited
Potters Bar, United Kingdom
Closing date
Jul 27, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Location: Either London or Potters Bar Office
Duration: Fixed term contract between 6-12 months

Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.

Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.

Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.

Job Summary:
Working in our UK Reward team you will be collaborating across the People Strategy teams and our European counterparts to drive system development and process improvement across reward processes and practices. This is a crucial role to support system improvement and enhancement as we approach our annual salary and bonus review, taking a lead in the creation and testing of system changes. You will also be able to get involved in operational activity such as role evaluation, supporting the annual salary and bonus review process, and providing reporting, analysis and insight on compensation data and providing insights on market data.

You will be responsible for ensuring system data integrity, along with creating and maintaining associated documentation. You will also maintain data to support wider reporting across the business, managing effective People reporting whilst providing SuccessFactors support to the department and business users. This role will be integral to process improvement and automation and will be done via collaboration across the UK and European reward teams and wider People Strategy function.

Examples of what you will be doing:
• Maintaining and updating the Compensation and Variable Pay (CVP) module in Success Factors, acting as Subject-matter expert on system and processes, ensuring any updates and system improvements are thoroughly tested, identifying areas of improvement and ensuring continuous evaluation and evolution of CVP.
• Be a continuous improvement champion of the Compensation and Variable pay module as part of the year-end salary and bonus review, including implementation of lessons-learned and process improvement activity You will be experienced in ensuring that planning for system changes and enhancements is clear, documented and with well-understood lead times that the Reward and wider PS Systems and operations teams are informed of and involved with.
• Managing the integrity of the CVP system in collaboration with the UK and European system teams, to ensure dependent modules (e.g. ECP, EC etc) are not impacted. Actively identify data anomalies and auditing our data to ensure we are using accurate and up to date information that can be used to make informed pay decisions.
• Producing regular reporting and extraction of data from CVP as well as reviewing and providing insight on internal and external compensation data.

Experience Required:
• Experience working in a HR systems or HR reward role as a subject matter expert within a centre of excellence HR model is essential
• Very strong analytical and numerical skills
• Advanced user of Microsoft Office - Excel, PowerPoint and Word. Experience using vlookups, Pivot tables, Index Matching, IF/SUM formulae.
• Ability to manage and interpret large sets of data and ideally demonstrable understanding of Power BI.
• Previous experience using SAP Success Factors (specifically CVP) with a strong understanding of the system and process improvements
• Experience with JIRA and Confluence or other HRIS ticketing systems
• Detailed approach to managing data. Understanding that you will be handling sensitive information about the company and its partners and employees, therefore exercising discretion and confidentiality at all times.
• Able to provide a positive partnering approach with colleagues and stakeholders
• Ability to work within a virtual team with colleagues and stakeholders spread across multiple locations
• Strong delivery and customer focus
• Proactive and self-reliant
• Demonstrates sound judgment in knowing when to escalate issues or seek support from colleagues
• Communicates clearly and effectively across all levels of management
• Strong knowledge of the financial services regulatory environment
• Delivery focussed approach on delivering the best possible results showing attention to detail and resourcefulness.
• Demonstrates a high level of personal organisation. Able to manage multiple tasks effectively at any one time
• Works in an organised and systematic manner to ensure quality outputs are delivered and timelines are met

• Ideally the job holder will be working towards the SAP SF accreditation, but this is not essential.

Benefits of working at Canada Life

We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.

How we work at Canada Life

Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.

We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop.

Diversity and inclusion

Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we're making in DEI, and we continue for it to be a significant focus.

"At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UK

We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for.

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