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Total Reward Financial Manager - Public Sector

Posted 25/03/2024

£42000 - £55808.00 per annum

Belfast

Permanent

Human Resources & Personnel

Job Description

Total Reward Financial Manager - Large Public Sector Client - Belfast

Our client is a large public sector organisation, currently seeking an experienced Total Reward Financial Manager on a full-time, permanent basis. Reporting to the Head of Reward, the Total Reward Financial Manager will be responsible for leading delivery of a range of compensation, benefit and pension related projects. They will make complex reward decisions using their professional financial training and experience. Ensuring equality, fairness and appropriate governance; alongside analysis and reporting of all aspects of reward.

The Total Reward Financial Manager will lead the transformation projects within the organisations Total Reward offering. The successful candidate will provide expertise, knowledge, communications and maintaining positive relationships with a range of internal and external stakeholders, including the Trade Unions and Executive Committee.

Key accountabilities

  • Lead a project team to transform the organisations Total Reward offering, to support new, modern pay structures that reflect their vision, and overall business plan
  • Provide specialist advice on Reward policies and schemes, including financial analysis, modelling and evaluation to draw meaningful conclusions and recommendations.
  • Develop business cases and engage with relevant stakeholders, Board Committees, Executive Committee and Shareholders to secure the necessary approvals for the introduction of new benefits and delivery plans.
  • Ensure salaries and benefits comply with the current legislation with respect to pay equity and other legal considerations.
  • Lead various compensation projects
  • Drive reward engagement across the business, including design and delivery of reward training as required.
  • Monitor competitive reward trends, evaluate options and make recommendations, as appropriate, to help ensure that reward policies reflect best practice and to provide solutions.
  • Work closely with the company advisors and Executive Committee to develop proposals to adapt and manage changes in pension legislation and case law, which requires revision to our current arrangements - DB and/or DC.
  • Support the triennial valuation of the pension scheme providing the necessary information to all stakeholders.
  • Verify the accuracy and timely provision of management information to various bodies, whether for legal, compliance, administration or governance purposes, by reviewing and overseeing completed data from internal and external sources.
  • Ensure that the required tasks connected with the pension plans are completed in a timely and accurate manner by providing technical oversight of administrative activities in partnership with the Pension Secretary and other HR colleagues.
  • The principal accountabilities listed above describe the areas covered by the role as envisaged at the time of writing but is not intended to be exhaustive. The Total Reward Financial Manager will be expected to accept reasonable alterations and additional responsibilities of a similar level that may arise in future.

The Person

  • Degree level qualification in a relevant subject e.g. Finance/ Accountancy/ Business/ Mathematics/ Statistics/ Data Analysis/ HR; or other relevant degree
  • A minimum of 4years' experience in a Finance/Accountancy role within a large complex organisation to include:
    • Successful delivery of impactful projects, including complex stakeholder management o Ability to apply relevant legislation, best practice and data analysis to inform delivery of successful strategic projects
    • Ability to explain complex information in a clear and concise way such that it is easily understood by a range of audiences
    • Experience of adopting a continuous improvement approach in service delivery

OR

  • A minimum of 4years' experience in a Compensation/Benefits/Pensions role within a large complex organisation to include:
    • Successful delivery of impactful projects, including complex stakeholder management o Ability to apply relevant legislation, best practice and data analysis to inform delivery of successful strategic projects
    • Ability to explain complex information in a clear and concise way such that it is easily understood by a range of audiences
    • Experience of adopting a continuous improvement approach in service delivery
  • Experience of financial reporting, strong numeracy skills and statistical analysis.
  • Strong MS Excel skills with demonstrable experience of relevant complex data manipulation.

Desirable Criteria

  • Experience of developing and implementing creative Total Reward solutions
  • Experience of successful pay negotiations within a unionised environment.
  • Experience of preparing business cases for government departments. CIPD chartered membership

What's on offer

  • Highly competitive salary scale
  • Market-leading employer pension contributions
  • Hybrid working
  • A host of other benefits

If you wish to be part of the future success of this outstanding organisation, and want to know more, please send an up to date CV via the link provided or contact Ryan Calvert at MCS Group 028 9023 5456 for information.

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