Reward Consultant Job Description

Reward Consultant Job Description

4.5
174 votes for Reward Consultant
Reward consultant provides product Supply support on assigned BULT and Franchise portfolio activities utilizing Clarity for portfolio and resources management, SAP for master data and BOM’s, and have expertise in Microsoft Project, Excel, WORD, PowerPoint and Visio supporting tools.

Reward Consultant Duties & Responsibilities

To write an effective reward consultant job description, begin by listing detailed duties, responsibilities and expectations. We have included reward consultant job description templates that you can modify and use.

Sample responsibilities for this position include:

Project management of engagements ensuring compliance to statutory and legal frameworks
We take your development very seriously
Ascertain client needs, conduct sales presentations and develop proposals and tenders
Work closely with clients to improve their remuneration practices
Present engagement results to client representatives (HR/Reward Executives)
Contribute to client issues using your personal insight and experience to solve complex client issues
Assisting clients with employment tax issues related to transactions including due diligence, structuring of UK and international incentive plans for the senior management teams of private equity portfolio companies and advising on the employment and personal tax aspects of company acquisitions, sales and flotations
Advising on a broad array of issues relating to the advisor/manager of private equity, real estate, infrastructure or hedge funds ranging from structuring performance carried interest and co-investment plans for UK and non-UK resident executives to restructuring the entire business
Providing bespoke tax planning advice around deferrals, long-term incentives and pensions
Develop the practice

Reward Consultant Qualifications

Qualifications for a job description may include education, certification, and experience.

Education for Reward Consultant

Typically a job would require a certain level of education.

Employers hiring for the reward consultant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Human Resources, Finance, Mathematics, Law, Engineering, Management, Economics, Education, Actuarial Science

Skills for Reward Consultant

Desired skills for reward consultant include:

Project management
Benchmarking products and services across Talent & Rewards
Especially Excel
Microsoft Office suite
Our reward processes to support our people
Tax rules related to reward structuring
Word and PowerPoint
Experience with SAP Master Data and SuccessFactors will be a definite advantage
Local laws and regulations
Relevant systems

Desired experience for reward consultant includes:

Willingness to learn and deal with new ideas and technical areas
Able to produce high quality, client facing, technically accurate, well written work
Pro-active and able to take ownership of delivering projects to clients
ACCA/ACA/ATII/ATT or equivalent legal background
Full appreciation of current tax legislation, being qualified ACA or CTA, or equivalent qualification or experience
Strong client engagement and management experience with the ability to develop new business

Reward Consultant Examples

1

Reward Consultant Job Description

Job Description Example
Our growing company is looking to fill the role of reward consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for reward consultant
  • Ability to work both independently and as part of a client team to provide a strong client service
  • The ability or willingness to contribute to business development
  • Partners with Global Reward Program leader to deliver annual performance & reward review process
  • The design of reward and executive investment structures, including carried interest, co-investment, annual incentives and other long-term incentives
  • Identify rewards related policy gaps and recommend policy modifications
  • Grow our business opportunities with focus on Mobility
  • Drive the development of mobility strategies for our clients
  • Design of mobility and reward policies and processes
  • Participate in international projects regarding design of rewards and performance management tools and concepts for our clients
  • Provide consulting and advise on international reward structures
Qualifications for reward consultant
  • Identifying and delivering fee opportunities from clients and targets
  • Share plans and/or executive remuneration experience either in the professional services environment or in industry
  • Understanding of relevant tax legislation in this field
  • Team player the ability to work independently on an assignment
  • Ability to produce high quality, technically accurate, well written work
  • Strong technical ability surrounding the legislation and case law
2

Reward Consultant Job Description

Job Description Example
Our company is growing rapidly and is looking for a reward consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for reward consultant
  • Grow Mercer client portfolio
  • Initiate and drive reward related projects locally and regionally (examples include sales incentive, benefits harmonization, market competitiveness, job levelling and pricing, benefits sourcing)
  • Educate the company on practices and needs for the countries in the region
  • Escalate and resolve compensation or benefits concerns that may exist at country level to corporate rewards
  • Collaboration in specific Corporate Compensation projects, besides being responsible of the annual Compensation processes for the cluster (salary increase, salary guides adjustment)
  • Work to make the company chosen HR model efficient and effective, leverage the Shared Service Centerpo, Local HR and CoE
  • Providing advice and guidance to HR team on specific reward related issues
  • Manage the development of client facing, strategic communication deliverables across the breadth of pensions and reward specialisms including DB and DC pension schemes
  • Help grow the communications revenue through managing and delivering business development activities, building relationships with internal colleagues and clients, meeting a sales target and implementing financial rigour on projects to maximise profitability
  • Develop engaging communications strategies and plans, clear narratives and messaging for complex pensions and reward communications, conduct pulse surveys, focus groups and desktop analysis and design employee awareness campaigns
Qualifications for reward consultant
  • Excellent team player with the ability to build effective relationships at all levels
  • Experience of delegation
  • Part-qualified actuary with experience advising companies and/or trustees in relation to defined benefit pensions
  • Checking of calculations performed by more junior colleagues and drafting deliverables to clients
  • Liaising with clients (internal and external) and third parties to deliver projects
  • Developing more junior colleagues
3

Reward Consultant Job Description

Job Description Example
Our growing company is hiring for a reward consultant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for reward consultant
  • Design, develop and deliver high quality communications for targeted audiences using appropriate media, such as websites and other digital platforms, newsletters, booklets, member offer packs, pre-retirement communications and roadshow material
  • Management of 4 direct reports supporting workload, developing their skills and capabilities, building their personal development plans with regular review meetings
  • Demonstrate an understanding of change management approaches, and how they can be applied to pensions and reward change
  • Measure engagement and obtain quality management data and feedback to determine future strategy
  • Manage third party suppliers in the production of communications, including brand development, design, print, technical, implementation
  • Build networks across the firm and develop colleagues’ understanding of the importance of employee engagement and communications ensuring we are engaged at the outset of projects
  • Remuneration recommendations
  • Lead the planning, coordination and delivery of annual salary and bonus review
  • Competitive On Target Bonus
  • 26-days paid holiday
Qualifications for reward consultant
  • Supporting the leadership team in driving growth in the business
  • Be able to work within a team and manage client relationships (both internal and external)
  • Advising on commercial and practical issues related to the structure and design of employee equity and cash incentive plans
  • Supporting companies with the implementation of equity and cash incentive plans in the UK and globally
  • Advising on the tax and legal implications around the world of incentive plans, for both the employer and the employee
  • Advising on the tax implications of incentives for mobile employees/expatriates
4

Reward Consultant Job Description

Job Description Example
Our company is hiring for a reward consultant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for reward consultant
  • Share & Save Schemes
  • Total Reward Discounts
  • Reviewing, designing and delivering an inspiring reward model by working close with our Systems & Insights Manager and wider people team
  • Providing guidance, support and coaching to the colleagues as part of the projects
  • Building effective relationships across the different levels of the business to understand and analyse the business needs
  • Developing strong day to day relationships with your clients, who will call upon your deep technical expertise to help them develop appropriate, effective remuneration strategies
  • Preparing and/or reviewing key Remuneration Committee papers, providing input and insight to in-house reward teams using client, market and industry knowledge
  • Providing advice in relation to the design and implementation of bonus, deferral and long-term incentive arrangements for Board and below Board individuals, including for specific teams
  • Designing executive pay strategies, linking pay to corporate performance, and taking into account regulatory and corporate governance requirements and institutional investor views
  • Assist key clients on reward regulatory matters, including reward governance considerations and linking remuneration with risk, conduct and culture
Qualifications for reward consultant
  • Managing high-profile and complex client accounts and relationships
  • Developing strategies for the tax compliant and tax efficient delivery of incentives
  • Drafting share plan and related employee communication documents (plan rules, FAQs, tax guides)
  • Assistance with preparing technical updates to send to clients and contacts, in relation to the changes of tax and legal treatment of incentives
  • Attending client service meetings and speaking to clients as required to discuss the advice
  • Providing support on proposals and business development activity
5

Reward Consultant Job Description

Job Description Example
Our company is searching for experienced candidates for the position of reward consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for reward consultant
  • Providing advice to clients in relation to the communication of their reward frameworks and incentive programs to their people
  • Undertaking executive and non-executive director pay benchmarking
  • Assisting the leadership team in the development of business growth opportunities and wider strategic initiatives, including the identification and support of eminence-building activities, including seminars/client events etc, which enables you to build your networks in the market
  • Providing guidance, management, development and coaching to junior members of the team as part of their projects and more broadly
  • Carrying out the annual programme of FCA Compliance Monitoring
  • Liaising with the Client and Engagement Acceptance (“take on”) Monitoring team in Cardiff on the selection of engagements for monitoring, reviewing their findings and communicating the results to the business
  • Using your regulatory expertise to find opportunities to enhance the take-on monitoring process – to include more DTRB specific checks on FCA regulated engagements – and working with the team in Cardiff to implement them
  • Drafting papers for and taking the minutes of the monthly board meetings
  • Supporting the business with day to day risk queries such as Quality and Risk consultations during the client and engagement acceptance process
  • Supporting the DTRB Risk and Compliance Senior Manager with various projects such as responding to regulatory change
Qualifications for reward consultant
  • Track record of successfully providing reward solutions to a diverse and varied population within a demanding global, matrix environment
  • Two years of experience providing analytical and technical actuarial services to clients
  • Experience in a range of remuneration functions including but not limited to benchmarking and the development and implementation of remuneration strategies and policies
  • Detailed knowledge and experience with global HR consultancy market pricing methodologies
  • Minimum 8 years of successful experience in adding value to client business results (ideally in a consulting role)
  • Strong market knowledge and established local network

Related Job Descriptions

Resume Builder

Create a Resume in Minutes with Professional Resume Templates