Compensation & Benefit Specialist

Main duties and responsibilities

Global compensation

• Designs project specific performance and retention incentive plans, as well as supporting on global initiatives including the Annual Salary Review
• Analyses the output and prepares reports for the Group C&BP, the SVP of HR and the wider HR team as and when required
• Supports the Group C&BP on the annual pay review; creates specific reports and coordinates the annual process with the Group C&BP & HRBP’s
• Ensures compensation data contained in Workday is updated in a timely manner by the HRBP’s globally, following the completion of the annual pay review and throughout the year
• Conducts benchmark review(s) to position Global Blue within the market for salary and benefits

First line support to Global Payroll queries

• Central contact for our first line queries related to the current central payroll provider (SGG)
• Ensures that the relevant policies and processes are in place to comply with regulations, evaluates & assesses any gaps to the Group C&BP
• Reviews 3rd party arrangements with our global payroll provider, helps negotiate terms, sets the KPI’s and manages the service level agreement
• In special circumstances supports locally to review, check and or approve the monthly payroll, and acts as the “4 eyes principles”
• Ensures consistent payroll reporting to comply with Sarbanes-Oxley Act (SOX)

Financial Reporting

• Gathers data to support the Group C&BP to produce the annual compensation report
• Ensures that local payroll teams in the group calculate social charges correctly following vesting of shares
• Provides the Group C&BP financial reports following annual bonus review; quarterly reports for the calculation of share-based payments fair value calculation
• Supports in preparing Comp & Ben reports & carries out analysis & audits as required by the business

GB Incentive Plans

• Administers the company share scheme & maintains existing database of data
• Develops a solid understanding of the employee ownership platform
• Acts as the gatekeeper for tax and legal compliance with our share plan rules
• Responsible for ensuring documentation is prepared and shared with all shareholders

Group Governance (SOX and Audit)

• Be the first line of support for queries on all group level matters related to financial regulations, the impact on payroll and all elements of compensation
• Ensures compliance with SOX best practice for components such as Payroll (central provider and local provider), annual pension calculation and provision, annual pay review etc
• Executes projects surrounding SOX compliance & ensures that all necessary SOX related policies are in place as needed

Global Benefits

• Overseeing the group arrangements in place for the pension providers and reviews the provision on a regular basis
• Ensures all information regarding group benefits is up to date and easily accessible to all employees
• Provides analysis to the business on take up and use of group benefits and provides recommendations
• Supports the Group C&BP in the management of group policies such as car policy & travel & expense policy

Global mobility

• Supports the Group C&BP for devising and implementing a global mobility policy for Global Blue
• Supports the Group C&BP in managing any inter company moves from country to country by supporting the individual with advice or providing them with the correct specialists (e.g., tax)

Key competencies

• Strong knowledge of compensation processes, especially for executive compensation and equity plan for global listed company is a must
• Experience of managing and running payroll
• Bachelor’s degree in Human Resources, Finance or related field
• Experience within a compensation and benefits role with an international remit 
• Detail oriented, and able to present data in a manner which is clear and easy to understand, and analyse data with solution-based outcomes to drive business decisions
• Organised and systematic, with a proactive approach to problem solving

Preferable skills and competencies

• Experience balancing ever-changing work demands in a challenging environment with numerous stakeholders to satisfy
• Proficiency in Microsoft Office Suite, Word and Excel, Power Point and Workday as a plus
• Is accurate and detailed conscious and has a collaborative approach to work
• Fluent communication written and oral in English
• Has a solid knowledge of payroll and benefits – ideally international, however knowledge of UK and Europe are sufficient
• Knowledge of auditing systems and ensuring quality data is recorded and cleansed on a regular basis