Reward Analyst

Reward Analyst
· Manchester or London based
· Flexible hybrid working arrangement
· Salary £60k plus excellent benefits
Medlock Partners are partnering with a leading financial services organisation in seeking a highly analytical Reward Analyst to join their central HR team. This is an excellent opportunity for an experienced reward professional to play a key role in delivering reward processes, benefits programmes, incentive schemes, and reward analytics across a complex international business.
Working closely with HR, Finance, Payroll, and senior stakeholders, you will help ensure reward programmes are commercially aligned, data-driven, and effectively governed, while also supporting wider strategic initiatives and business transformation projects.
This is an excellent opportunity to join a leading financial services organisation during a period of significant growth and transformation.
The role offers exposure to a broad reward remit spanning analytics, compensation, benefits, incentives, and strategic projects, with the chance to influence reward processes and drive continuous improvement.
You'll be part of a collaborative and supportive team within a flexible hybrid working environment that values innovation, professional development, and genuine career progression.
Key responsibilities of the Reward Analyst:
Reward Analytics & Reporting
* Manage and deliver key reward cycles, including bonus accruals, benefits enrolment, and reward reporting.
* Produce, validate, and reconcile reward data with a strong focus on accuracy and governance.
* Develop and maintain reward models, calculations, and reporting tools.
* Provide meaningful reward insights and analysis to support business decision-making.
* Support reward modelling, reporting, and data integrity through HR systems and planning tools.
* Analyse market benchmarking data and industry trends.
Benefits, Pensions & Incentives
* Lead annual benefits enrolment activities and drive continuous improvement.
* Review and optimise benefits and pension offerings using data-driven recommendations.
* Manage relationships with external reward and benefits providers.
* Support the administration and governance of incentive plans, bonus schemes, and long-term incentive arrangements.
* Maintain reward communications and total reward reporting.
Strategic Reward Support
* Act as a subject matter expert on reward matters for HR and business stakeholders.
* Contribute to business change, integration, and transformation projects.
* Support the development and enhancement of reward policies and frameworks.
Key requirements for the Reward Analyst:
· Previous experience in a Reward, Compensation, or Total Rewards role.
* Strong analytical capability with advanced Excel skills and experience working with large datasets and complex models.
* Experience managing annual reward cycles, bonus processes, salary reviews, and reward reporting.
* Knowledge of job evaluation and grading methodologies.
* Understanding of reward governance, controls, and data management principles.
* Experience supporting incentive schemes and reward programmes.
* The ability to translate complex data into clear commercial insights.
* Strong stakeholder management skills and confidence working with senior leaders.
* Experience with workforce planning, modelling systems, or reward technology would be advantageous.
If you are a detail-oriented reward professional who enjoys combining analytics, commercial insight, and stakeholder engagement, we would love to hear from you.
If you are interested in this Reward Analyst position and you feel your experience matches the criteria, please apply now for immediate consideration or for more information please contact Kerry Norman.
Medlock Partners are a professional services recruitment specialist operating across the Northwest of England. We are proud to be an equal opportunities employer and encourage applications from candidates of all backgrounds and circumstances, including minorities and those with disabilities. Please note our advertisements use years' experience and salary levels purely as a guide. We are happy to consider applications from all candidates who are able to demonstrate the skills necessary to fulfil the role. If you do not hear from us within 48 hours please assume that your application has been unsuccessful on this occasion