Job Description

Reward Specialist
City of London, London Permanent £60,000 - £72,000 per annum
PCD300080

Portfolio HR & Reward are thrilled to be partnering with our client on an exciting opportunity for a Reward Specialist to join their team. You will act as a trusted advisor to the business for relevant areas of expertise. Driving and supporting on projects within the team and the wider HR team. You will develop and maintain professional relationships at all levels, both internally and externally.

The role:
◼ Support the annual compensation review process across the Global Business, including data cleansing, salary benchmarking, modelling, and analysis.
◼ Conduct salary benchmarking using market data (e.g. WTW, or bespoke salary surveys).
◼ Assist with the management and analysis of the firm’s benefits offerings, including flexible benefits, private medical, pensions, and wellbeing initiatives.
◼ Maintain job architecture, salary bands, and role benchmarking data to support internal equity and market alignment.
◼ Prepare regular reporting on pay equity, gender pay gap, and other regulatory disclosures as required
◼ Collaborate with Finance and global HR teams to align reward activity with budgets and business plans.
◼ Provide insight and analysis to support recognition, retention, and total reward strategies for the firm.
◼ Ensure documentation and processes meet audit, compliance, and confidentiality requirements.
◼ Assist with participation in global salary surveys, the annual benefit renewals, including the preparation of proposals, renewal communications, workflows, and benefit information documents
◼ Maintain an awareness of market information on current and future reward related developments including those arising as a result of legislative changes and requirements
◼ Support with ongoing budget management for the HR department specifically in relation to reward including reward invoicing and reconciliation of membership listings
◼ Develop and maintain professional relationships with the organisation benefit consultants and account managers.
◼ Initial analysis of Reward and Benefit data to identify key insights and trends, and help to contextualise this
◼ Work closely with the HR Data & Systems team and wider HR team to execute the firm’s reward strategy