Associate, Reward Benefits

Job Posting Organization:
The European Bank for Reconstruction and Development (EBRD) is a pioneering international financial institution that was established in 199

• The EBRD's mission is to foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in countries from Central Europe to Central Asia and the Southern and Eastern Mediterranean. The organization operates in over 30 countries and employs a diverse workforce of approximately 2,000 employees. The EBRD is committed to promoting sustainable development and inclusive growth, ensuring that its operations align with its core values of inclusiveness, innovation, trust, and responsibility.

Job Overview:
The Associate, Reward Benefits role is a critical position within the EBRD's Human Resources & Org. Development division, focusing specifically on retirement plan benefits. The individual in this role will provide management support to senior leaders in the organization, ensuring that the retirement benefits offered are competitive, well-managed, and effectively communicated to staff. This position requires a deep understanding of market trends and best practices in reward management, particularly in retirement plans. The Associate will be responsible for developing and enhancing the Bank's retirement plan policies, ensuring they align with the overall reward strategy, and providing expert consulting advice to HR Business Partners. The role also involves significant interaction with various stakeholders to ensure that the retirement benefits are understood and valued by all staff members.

Duties and Responsibilities:
The duties and responsibilities of the Associate, Reward Benefits include:

• Contributing to the development and communication of the Bank's reward strategy, ensuring alignment with compensation policies.
• Monitoring and reviewing retirement plan benefits, benchmarking against comparator organizations.
• Supporting the development of changes to bank-wide policies related to retirement plans and ensuring stakeholder buy-in.
• Assisting in the preparation of annual compensation proposals for the Board.
• Leading specific parts of the annual reward and benefits proposals to enhance policies.
• Managing specific reward projects to develop specialized solutions in reward and benefits.
• Staying updated on best practices and market trends in retirement plans through networking and attending seminars.
• Providing clear communication to staff regarding policies and processes.
• Analyzing the Bank's reward policies in relation to comparator groups and participating in surveys. 1
• Managing the retirement plans' annual cycle, including audits and actuarial valuations. 1
• Overseeing relationships with external providers to ensure efficient benefits provision. 1
• Managing benefit settlement processes and maintaining retirement plan records.

Required Qualifications:
Candidates must possess a relevant degree or equivalent experience, with a preference for those holding a PMI (or equivalent) qualification. Strong interpersonal and relationship management skills are essential, along with a consulting mentality and the ability to integrate ideas across teams. Proficiency in numerical analysis and computer literacy is required, as well as excellent verbal and written communication skills in English. Candidates should demonstrate effective analytical and problem-solving abilities, the capacity to manage conflicting priorities, and the ability to work autonomously while exercising sound judgment. Experience in retirement plan management and consultancy is crucial, along with knowledge of retirement plan practices and policy development.

Educational Background:
A relevant degree in human resources, business administration, finance, or a related field is required. Additional qualifications such as PMI or equivalent certifications are preferred, indicating a strong foundation in reward management and benefits administration.

Experience:
Candidates should have significant experience in retirement plan management and consultancy, demonstrating a breadth of knowledge in all aspects of retirement plans. Experience in developing, implementing, and communicating policy changes is essential, along with a proven track record of drafting communication materials for staff and providing training sessions. Experience in supporting trustee or retirement plan committees is advantageous, as is familiarity with HR systems transformation environments.

Languages:
Fluency in English is mandatory, with excellent communication skills required to convey complex information clearly. Additional language skills may be beneficial but are not specified as mandatory.

Additional Notes:
This position is a short-term contract lasting 12 months. The role is based in London, United Kingdom, and is full-time. The EBRD encourages applications from qualified candidates who are nationals of its member countries, promoting diversity and inclusion in the workplace. The organization offers a comprehensive suite of competitive benefits and prioritizes employee wellbeing.