Reward and Benefits Partner

Job Advert

Job Title: Reward & Benefits Partner
Location: London
Job Type: Permanent

Agencies: We will only work with recruitment partners on our preferred supplier list and will not engage with speculative CVs submitted.

Are you passionate about making life science life changing and delivering impact for patients? We want to hear from you.

About the role:

The Reward and Benefits Partner will develop LifeArc’s approach to reward, benefits and recognition and ensure the provision of best in class benefits to ensure high levels of colleague engagement and understanding of their reward and benefits package.

Key Responsibilities:

• Deliver reward programs and initiatives to support key strategies in talent acquisition, retention, and development.
• Own all policies related to rewards.
• Serve as the custodian of the job grading framework; review and approve all requests for grade changes to support organizational effectiveness in clear role definition and job levelling.
• Own and embed the Benefits Strategy; support the HR Operations team in the rollout and implementation of the Benefits program.
• Own and embed the Recognition Strategy and framework; support the HR Operations team in the rollout.
• Lead the HR team through the annual pay review and bonus process end-to-end, ensuring HR Operations have the data and information to produce reports and letters.
• Lead external and internal salary and reward benchmarking, role evaluation, and positioning.
• In partnership with the HR leadership team and Senior HR Business Partners, embed the reward and recognition strategy for LifeArc.
• Prepare Executive Remuneration analysis and benchmarking.
• Prepare Remuneration Committee papers, attend Rem Co meetings, and present data.
• Prepare and report statutory diversity pay gap reports, ensuring that equal pay and any pay gap issues are monitored and addressed.
• Lead relationships and contracts with third-party suppliers (e.g., Benefex, L&G, Mercers, WTW, or survey providers), driving competitive rates/terms for benefits in collaboration with HR Operations.
• Contribute to the selection and management of third-party suppliers, including pension, healthcare, and insurance providers.
• Provide reward expertise and guidance for HR and line managers, fostering a broader understanding of rewards within HR and management.
• Set up and maintain agreed standard reports, and provide bespoke reports as needed.

Education & experience required:

• Educated to degree level or with equivalent professional experience
• Proven experience working in a Reward role.
• Experience and knowledge of all aspects of the annual compensation cycle including salary and bonus review, market data collection and analysis, market research and budgeting for salary increases, pay range development.
• Experience as working as the lead Reward specialist in a similar size organisation or as a part of the senior team in a larger organisation.
• Expertise in selecting and completing salary surveys to provide insightful data.
• Experience in implementing best practice reward programmes with HR colleagues, including developing and delivering effective communications for target audiences
• Proficiency in selecting and implementing best in class benefits packages and Supplier management.
• Strong knowledge of compensation benchmarking methods, vendors and market trends.
• Experience and understanding of Job evaluation methodologies and application.
• Experienced in preparing Remco papers including carrying out the necessary research to provide context and best practice to support decision making
• Significant experience working as part of the HR team to deliver and operationalise the annual reward and benefits activities.

Desirable:

• Experience of Performance Management process desirable

Skills & abilities:

• Strong financial and analytic acumen including the ability to leverage and interpret data to extract meaningful insights for informing better Reward package design.
• Excellent written and verbal communication skills; ability to prepare reports and make presentations to Executive Team members and other leaders.
• Detail-oriented; ability to meet deadlines and to make professional judgement and critical decisions with minimal guidance.
• A hands-on and pragmatic approach
• Strong interpersonal skills - able to build trusted relationships effectively and quickly in all areas of LifeArc experience working in a Reward role
• IT literate in MS Office (Word, Excel Spreadsheets, PowerPoint and HR & Payroll Systems)

About us:

LifeArc is a not-for-profit life science organisation, leading the way for change in rare diseases in the UK and supporting promising initiatives in global health. We seek out research in areas of unmet need that has great potential, providing support to help it become breakthroughs that change lives.

What we can offer you:

Focused on finding life changing solutions for underserved patients, our people thrive in an inclusive, and supportive environment that prioritises their health and wellbeing. Our multidisciplinary approach guarantees our people growth opportunities, while our culture of innovation and collaboration drives the impact we make delivering on our purpose of ‘putting patients at the centre of everything we do’.

We are dedicated to creating a diverse, flexible, equitable and happy work environment so our colleagues can thrive as their truest selves. We act with courage, curiosity, care & commitment to deliver quality & excellence for our patients and each other Join us, and you’ll be given the scope to develop your professional skills and experience in a safe, supportive and challenging environment

Salary will be determined by qualifications and experience along with other exceptional benefits. Because we understand everyone has different requirements, our flexible benefits allow you to choose those which are important to you. Our pension scheme offers employer contributions of up to 12%, private health insurance, and annual leave of 31 days PLUS bank holidays.

Don’t meet every single requirement? Studies have shown that women and people from minority ethnic backgrounds, for example, are less likely to apply to jobs unless they meet every single qualification. At LifeArc we are dedicated to building a diverse, inclusive, and authentic workplace, so whatever your background or lived experience, if you’re excited about this role but your experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. Our top priority is finding the best candidate, and you may be just right for this or other roles.

We all have potential. At LifeArc, you’ll discover what you can really do with it.