Compensation & Benefit Specialist

4 giorni fa

Gallarate VA, Italia GlobalBlue_IT A tempo pieno

Main Duties and Responsibilities

  • Global Compensation
    • Designs project specific performance and retention incentive plans, as well as supporting on global initiatives including the Annual Salary Review.
    • Analyses the output and prepares reports for the Group C&BP, the SVP of HR and the wider HR team as and when required.
    • Supports the Group C&BP on the annual pay review; creates specific reports and coordinates the annual process with the Group C&BP & HRBP’s.
    • Ensures compensation data contained in Workday is updated in a timely manner by the HRBP’s globally, following the completion of the annual pay review and throughout the year.
    • Conducts benchmark review(s) to position Global Blue within the market for salary and benefits.
  • First Line Support to Global Payroll Queries
    • Central contact for our first line queries related to the current central payroll provider (SGG).
    • Ensures that the relevant policies and processes are in place to comply with regulations, evaluates & assesses any gaps to the Group C&BP.
    • Reviews 3rd party arrangements with our global payroll provider, helps negotiate terms, sets the KPI’s and manages the service level agreement.
    • In special circumstances supports locally to review, check and or approve the monthly payroll, and acts as the “4 eyes principles.”
    • Ensures consistent payroll reporting to comply with Sarbanes-Oxley Act (SOX).
  • Financial Reporting
    • Gathers data to support the Group C&BP to produce the annual compensation report.
    • Ensures that local payroll teams in the group calculate social charges correctly following vesting of shares.
    • Provides the Group C&BP financial reports following annual bonus review; quarterly reports for the calculation of share-based payments fair value calculation.
    • Supports in preparing Comp & Ben reports & carries out analysis & audits as required by the business.
  • GB Incentive Plans
    • Administers the company share scheme & maintains existing database of data.
    • Develops a solid understanding of the employee ownership platform.
    • Acts as the gatekeeper for tax and legal compliance with our share plan rules.
    • Responsible for ensuring documentation is prepared and shared with all shareholders.
  • Group Governance (SOX and Audit)
    • Be the first line of support for queries on all group level matters related to financial regulations, the impact on payroll and all elements of compensation.
    • Ensures compliance with SOX best practice for components such as Payroll (central provider and local provider), annual pension calculation and provision, annual pay review etc.
    • Executes projects surrounding SOX compliance & ensures that all necessary SOX related policies are in place as needed.
  • Global Benefits
    • Overseeing the group arrangements in place for the pension providers and reviews the provision on a regular basis.
    • Ensures all information regarding group benefits is up to date and easily accessible to all employees.
    • Provides analysis to the business on take up and use of group benefits and provides recommendations.
    • Supports the Group C&BP in the management of group policies such as car policy & travel & expense policy.
  • Global Mobility
    • Supports the Group C&BP for devising and implementing a global mobility policy for Global Blue.
    • Supports the Group C&BP in managing any inter company moves from country to country by supporting the individual with advice or providing them with the correct specialists (e.g., tax).

Key Competencies

  • Strong knowledge of compensation processes, especially for executive compensation and equity plan for global listed company is a must.
  • Experience of managing and running payroll.
  • Bachelor’s degree in Human Resources, Finance or related field.
  • Experience within a compensation and benefits role with an international remit.
  • Detail oriented, and able to present data in a manner which is clear and easy to understand, and analyse data with solution-based outcomes to drive business decisions.
  • Organised and systematic, with a proactive approach to problem solving.

Preferable Skills and Competencies

  • Experience balancing ever-changing work demands in a challenging environment with numerous stakeholders to satisfy.
  • Proficiency in Microsoft Office Suite, Word and Excel, Power Point and Workday as a plus.
  • Is accurate and detail conscious and has a collaborative approach to work.
  • Fluent communication written and oral in English.
  • Has a solid knowledge of payroll and benefits – ideally international, however knowledge of UK and Europe are sufficient.
  • Knowledge of auditing systems and ensuring quality data is recorded and cleansed on a regular basis.
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