Senior Reward Business Partner

Posted 2 Days Ago
Be an Early Applicant
2 Locations
Hybrid
Senior level
Insurance • Financial Services
The Role
Partner with business leaders and HR to advise on hiring, promotions, retention and pay decisions. Lead annual compensation review cycles, conduct market benchmarking and reward analysis, support governance and committee activity, develop reward recommendations and business cases, and contribute to reward strategy and regulatory projects while building relationships across HR, Finance and the wider business.
Summary Generated by Built In
Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor. 

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. 

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.  

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.  

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day. 

Job Description

At Legal & General, Reward plays a critical role in helping us attract, retain and motivate talented people. We're looking for a Senior Reward Business Partner to join our team and partner closely with leaders across Retail Insurance and Group Functions.

This is a broad, visible role offering the opportunity to influence reward decisions, shape reward strategy and build strong relationships with senior stakeholders across the business. You'll work directly with experienced reward professionals and gain exposure to complex reward challenges, governance activity and strategic projects.

What you’ll be doing:

  • Partnering with business leaders and HR teams on reward matters
  • Advising on hiring, promotions, retention and pay decisions
  • Leading annual compensation review activity
  • Conducting market benchmarking and reward analysis
  • Supporting reward governance and committee activity
  • Developing reward recommendations and business cases
  • Contributing to reward strategy and regulatory projects
  • Building trusted relationships across HR, Finance and the wider business

Who we’re looking for:

  • Strong reward business partnering experience
  • Experience running compensation review processes
  • Expertise in reward governance and pay frameworks
  • Strong analytical and reward modelling capability
  • Experience influencing senior stakeholders
  • Ability to balance commercial outcomes with fair and consistent decision making
  • Collaborative and adaptable approach to working with others
  • Financial services experience beneficial but not essential

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

  • The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
  • Generous pension contribution
  • Life assurance
  • Healthcare Plan (permanent employees only)
  • At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
  • Competitive family leave
  • Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
  • There are many discounts we offer – both for our own products and at a range of high street stores and online
  • We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. 

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose. 

Skills Required

  • Strong reward business partnering experience
  • Experience running compensation review processes
  • Expertise in reward governance and pay frameworks
  • Strong analytical and reward modelling capability
  • Experience influencing senior stakeholders
  • Ability to balance commercial outcomes with fair and consistent decision making
  • Collaborative and adaptable approach to working with others
  • Financial services experience
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The Company
HQ: London
8,417 Employees

What We Do

Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society. As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%. As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.

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