Reward Partner- US at Hiscox | Boston, MA, US | Rezi

Reward Partner- US at Hiscox

Reward Partner- US

Hiscox · Boston, MA, US

1 months ago

Reward Partner- US

Hiscox · Boston, MA, US

2 months ago
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About 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.

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.

Requirements

  • 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.
  • 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.

Skills

  • US compensation and benefits
  • Market benchmarking
  • Compensation design
  • Salary structures
  • Incentive programmes
  • US benefits legislation
  • Regulatory requirements
  • Analytical capability
  • Reward and market data analysis
  • Stakeholder management
  • Influencing skills
  • Commercial acumen
  • Written communication
  • Verbal communication
  • Independent work
  • Priority management
  • Results delivery
  • Fast-paced environment adaptability
  • Work ethic
  • Personal responsibility
  • Accountability
  • Service excellence
  • Efficient execution
  • High standard execution
  • Flexibility
  • Resilience
  • Workload prioritization
  • Data-driven insights
  • External network connections
  • Advanced analytical skills
  • Data interpretation
  • Excel proficiency
  • AI-enabled tools utilization

Location

  • London
  • New York
  • Boston

Work Type

  • Permanent
  • Hybrid

Experience Level

  • Senior

Salary/Compensations

  • $90k-$130k

Benefits

  • Competitive salary and bonus
  • 401(k) with competitive company matching
  • Comprehensive health insurance, vision, dental and FSA plans
  • Company paid group term life, short-term disability and long-term disability coverage
  • 24 Paid time off days
  • 2 Hiscox Days
  • 10 paid holidays
  • Ability to purchase 5 PTO days
  • Paid parental leave
  • 4 week paid sabbatical after every 5 years of service
  • Financial Adoption Assistance
  • 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
  • Recipient of 2024 Cigna’s Well-Being Award

About the Company

  • As an international specialist insurer, Hiscox is far removed from the world of mass market insurance products, focusing on key areas of expertise and strength.
  • The company culture encourages challenging convention and always looking for a better way of doing things.
  • Hiscox insures the unique and the interesting, and searches for the same in talented people.
  • Hiscox is full of smart, reliable human beings that look out for customers and each other.
  • The company believes 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.
  • Hiscox is a solid, yet slightly contrary business that likes to do things differently and constantly seeks to evolve.
  • With roots going back to 1901, Hiscox is ambitious and going places.
  • Hiscox USA was established in 2006 to focus on the needs of underserved and specialty commercial clients via both regional broker and direct distribution channels, and is today the fastest-growing business unit within the Hiscox Group.
  • Hiscox USA has a talent force of about 400 employees operating out of 6 major cities.
  • 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.