Reward Partner- US
$90,000 - $130,000 per weekHiscox Business Insurance, Chicago
- # Reward Partner- USApplyremote type: Hybridlocations: New York - Manhattan: Boston: Londontime type: Full timeposted on: Posted Todayjob requisition id: R0020054**Job Type:**Permanent**Build a brilliant future with Hiscox****Role Title: Reward Partner– US****Reporting to:** Head of Global Compensation and Reward Consulting**Team:** Reward Team within People Team aligned to Hiscox Group**Location:** London / New York / Boston**Business Unit:** Hiscox Group**Type:** Perm**The Role:**As a US Compensation & Benefits Partner, you will be a subject matter expert within the global Reward team, responsible for the design, implementation, governance and continuous improvement of compensation and benefits programmes across the Hiscox US Business. You will partner closely with People Leaders, Business Leaders, Finance, Legal, Talent Acquisition and External Advisers to ensure Hiscox maintains competitive, compliant and commercially effective reward programmes that support business objectives and enhance the employee experience.Your key role will be to act as the US Reward specialist within the Group Reward function, ensuring alignment with global reward strategy, policies and governance whilst partnering closely with US stakeholders to deliver market-relevant compensation and benefits solutionsOperating with significant autonomy, you will provide expert advice on compensation strategy, market positioning, benefit design, regulatory compliance and reward governance. You will leverage data, market insight and stakeholder feedback to make recommendations that drive employee engagement, support talent outcomes and ensure regulatory compliance.This role requires strong organizational and analytical skills, a customer-focused mindset, and the ability to collaborate effectively with cross-functional teams.**Key Responsibilities:*** Act as the primary Compensation & Benefits partner to the US business, providing expert advice and guidance on reward matters including hiring, promotions, organisational design, talent retention and employee pay decisions.* Lead the delivery of annual reward activities for the US business, including salary reviews, incentive planning and benefits enrolment, ensuring programmes are competitive, cost-effective and aligned to business strategy.* Own and continuously enhance US compensation and benefits programmes, using market intelligence, employee feedback and business insight to ensure Hiscox remains competitive in attracting and retaining talent.* Serve as the subject matter expert for US reward, influencing business leaders and People partners on reward strategy, market competitiveness and employee value proposition considerations.* Utilise market benchmarking, analytics and reward data to support evidence-based decision making, identify trends and drive continuous improvement across compensation and benefits programmes.* Lead compensation and benefits projects from design through implementation, including programme enhancements, policy reviews, vendor management activities and process improvements.* Ensure all compensation and benefits programmes are delivered in accordance with governance requirements, internal policies and relevant regulatory obligations.* Build strong partnerships with business leaders, People teams, Finance, Legal and external providers to deliver effective and commercially sound reward solutions.* Champion Hiscox's global reward philosophy by balancing local US market needs with global consistency, ensuring Group Reward frameworks, policies and governance standards are appropriately applied.* Contribute US market expertise and specialist insight to the development of the broader Group Reward strategy, whilst supporting operational excellence, governance and best practice across the global Reward function.* Maintain global job architecture, job levelling, and salary structures that support career progression and internal equity for US Business.* Own the end-to-end delivery of US benefits programmes, including healthcare, dental, vision, disability, flexible spending, commuter and related benefit arrangements, ensuring programmes remain effective, competitive and aligned to employee and business needs.* Lead the design, governance, administration and continuous improvement of employee wellbeing programmes, including wellness strategy, budget and vendor management, regulatory compliance, employee communications, incentive administration, utilisation tracking, reporting, and partnership oversight to drive engagement, wellbeing outcomes and effective fund management.* Evaluate and enhance compensation and benefits offerings to improve employee value and organisational effectiveness, while supporting wellbeing initiatives and employee engagement activities that strengthen the overall employee value proposition.* Act as the subject matter expert and escalation point for complex US compensation and benefits queries, providing guidance to employees, managers and HR stakeholders.* Ensure compliance with all relevant US compensation and benefits regulations and governance requirements, partnering with external advisers on ACA, ERISA, FMLA, COBRA, HIPAA and other applicable regulations, and ensuring plan documentation, regulatory filings and governance processes are completed accurately and on time.* Provide support on global compensation and benefits initiatives, including executive remuneration, share plan governance and administration, and the management of global benefits programmes and external benefits providers.**Skills:*** Significant experience in US compensation and benefits, ideally within a complex, multi-state or multinational organisation.* Strong knowledge of market benchmarking, compensation design, salary structures and incentive programmes.* Deep understanding of US benefits legislation and regulatory requirements.* Strong analytical capability with experience using reward and market data to support decision making.* Excellent stakeholder management and influencing skills.* Strong commercial acumen and ability to balance employee and business needs.* Effective written and verbal communication skills.* Ability to work independently, manage multiple priorities and deliver results in a fast-paced environment.**Personal Qualities:*** Commercially minded, committed and driven with a strong work ethic, willing to take personal responsibility and accountability, dedicated to service excellence, able to execute efficiently and to a high standard.* Flexible, resilient, ability to effectively prioritize workload in a fast-paced changing environment with competing priorities.* Strong stakeholder management, partnering and influencing skills with data-driven insights and recommendations.* Well connected via external networks for sharing of best practice in the US.* Advanced analytical and data interpretation skills, including strong Excel capability and experience leveraging AI-enabled tools to enhance productivity.**What Hiscox USA Offers:*** Competitive salary and bonus (based on personal & company performance)* 401(k) with competitive company matching* Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)* Company paid group term life, short- term disability and long-term disability coverage* 24 Paid time off days, 2 Hiscox Days, 10 paid holidays, and ability to purchase 5 PTO days* Paid parental leave* 4 week paid sabbatical after every 5 years of service* Financial Adoption Assistance and Medical Travel Reimbursement Programs* Annual reimbursement up to $600 for health club membership or fees associated with any fitness program* Company paid subscription to Headspace to support employees’ mental health and wellbeing* Recipient of 2024 Cigna’s Well-Being Award for having a best-in-class health and wellness program* Dynamic, creative and value-driven culture* Modern and open office spaces, complimentary drinks**\*\*This position is hybrid and requires two (2) days in our office weekly\*\*****Salary Range: $90-$130k***The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.***About Hiscox:**As an international specialist insurer, we are far removed from the world of mass market insurance products. Instead, we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.**About Hiscox USA:**Hiscox USA was established in 2006 to focus on the needs underserved and specialty commercial clients via both the regional broker and direct distribution channels and is today the fastest-growing business unit within the Hiscox Group.Today, Hiscox USA has a talent force of about 400 employees mostly operating out of 6 major cities - New York, Atlanta, Dallas, Chicago, Los Angeles and San Francisco. Hiscox USA offers a broad portfolio of commercial products, including technology, cyber & data risk, multiple professional liability lines, media, entertainment, management liability, crime, kidnap & ransom, commercial property and terrorism.You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)**#LI-RM1**
- J-18808-Ljbffr Hiscox
Vacancy posted 3 days ago
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