Job Description
Job Title: Senior Reward Manager
Location: Hybrid working model 2 days a week in London City office
Reporting to: Director of Compensation
Package Indicator: Up to £100,000 + Bonus & Excellent Benefits Suite
Role Summary
This role is responsible for shaping and delivering the organisation’s Reward strategy, ensuring it supports business performance and workforce effectiveness. As a senior member of the reward function, you will provide expert guidance on pay structures, incentive frameworks, and market positioning within a large, complex environment.
A key focus will be on designing and refining sales incentive programmes, alongside broader compensation initiatives, ensuring alignment with organisational priorities and financial outcomes.
Key Responsibilities
Compensation Strategy & Advisory
* Act as a senior advisor to HR and business leaders on all compensation-related matters
* Translate business objectives into effective and commercially sound pay solutions
* Provide insight and challenge to ensure reward decisions are competitive and sustainable
Sales Incentives & Variable Pay
* Develop and enhance sales compensation plans, ensuring they drive performance and align with revenue objectives
* Oversee the full lifecycle of incentive plans, including structure design, financial modelling, and rollout
* Evaluate effectiveness of schemes and recommend adjustments based on performance outcomes and market practice
Annual Pay & Bonus Processes
* Lead the delivery of annual salary review cycles, including budget planning and pay recommendations
* Manage variable pay processes, ensuring alignment between individual performance and reward outcomes
* Partner with relevant stakeholders to ensure fair and consistent application across different employee groups
Job Evaluation & Pay Frameworks
* Oversee role evaluation and grading methodologies, ensuring consistency and transparency
* Maintain and evolve pay structures to reflect organisational needs and external market trends
Market Insight & Continuous Improvement
* Monitor external compensation trends and benchmarking data to inform decision-making
* Identify opportunities to improve reward frameworks, tools, and communication approaches
* Contribute to the evolution of compensation policies and practices
Project Delivery
* Lead key compensation initiatives, from initial concept through to implementation
* Manage multiple priorities in a fast-paced environment, ensuring high-quality delivery
Collaboration & Team Contribution
* Work closely with colleagues across HR, Finance, and business functions to deliver integrated solutions
* Support the development of team capability through knowledge sharing and informal mentoring
Skills & Capabilities
* Strong analytical capability with the ability to interpret complex data and financial information
* Deep understanding of fixed and variable compensation frameworks, including sales incentives
* Confident communicator, able to present complex concepts in a clear and engaging way
* Proven ability to influence and build credibility with senior stakeholders
* High level of attention to detail and accuracy
* Commercial mindset with a strong understanding of business drivers
* Comfortable operating in evolving and sometimes ambiguous environments
* Collaborative approach with the ability to build effective working relationships
Experience
* Demonstrated experience in compensation or reward roles within large, multi-layered organisations
* Strong expertise in designing and implementing incentive schemes, particularly for sales populations
* Experience balancing multiple stakeholder perspectives to reach effective solutions
* Familiarity with market benchmarking, pay governance, and regulatory considerations