Associate, Reward Benefits

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

• Its mission is to foster the transition towards open market-oriented economies and promote private and entrepreneurial initiative in countries from Central Europe to Central Asia. The EBRD operates in over 30 countries and employs a diverse workforce of approximately 2,000 employees. The organization is committed to sustainability, equality, and digital transformation, and it values inclusiveness, innovation, trust, and responsibility in its operations.

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 role involves providing management support to senior leaders in ensuring that the retirement benefits offered by the Bank are competitive, well-managed, and effectively communicated to staff. The Associate will be responsible for developing and enhancing the Bank's retirement plan policies, ensuring alignment with market standards, and providing expert consulting advice to HR Business Partners. This position requires a proactive approach to staying informed about best practices in the field of employee benefits, particularly retirement plans, and involves significant interaction with various stakeholders within the organization. The Associate will also play a key role in the annual compensation proposals and will be involved in various projects aimed at improving the Bank's reward strategy.

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 clarity and alignment with compensation policies.
• Collaborating with senior management to monitor and review retirement plan benefits, including benchmarking against comparator organizations.
• Supporting the development of new policies and changes to existing ones, ensuring stakeholder buy-in.
• Assisting in the preparation of annual compensation proposals for the Board and recommending changes to maintain a competitive reward package.
• Managing specific reward projects to develop specialized solutions in the area of benefits.
• Staying updated on best practices and market trends related to retirement plans through networking and attending relevant seminars.
• Providing training and information sessions to staff and HR teams to enhance their understanding of benefits policies.
• Managing relationships with external providers to ensure efficient delivery of benefits and maintaining service levels.
• Overseeing the annual cycle of retirement plans, including audits and actuarial valuations. 1
• Ensuring compliance with internal controls related to benefits and maintaining accurate documentation.

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. Candidates should be numerate, computer literate, and possess excellent verbal and written communication skills in English. Effective analytical and problem-solving skills are required, as well as the ability to manage conflicting priorities and work autonomously. Experience in retirement plan management and consultancy is highly desirable, along with knowledge of policy development and communication.

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 managing employee benefits and retirement plans.

Experience:
Candidates should have significant experience in retirement plan management and consultancy, demonstrating a breadth of knowledge in all aspects of retirement benefits. Experience in developing, implementing, and communicating policy changes is crucial, as well as a background in drafting communication materials for staff and providing training sessions. Experience in supporting trustee or retirement plan committees is advantageous, and familiarity with HR systems transformation is a plus.

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

Additional Notes:
This position is a short-term contract lasting 12 months, with a focus on providing high-quality support in the area of retirement benefits. The role is based in London, United Kingdom, and is part of a dynamic and diverse international organization. The EBRD promotes a hybrid workplace that values flexibility and employee well-being, offering a comprehensive suite of competitive benefits. The organization encourages applications from all qualified candidates, emphasizing its commitment to diversity and inclusion.