Role Title: Compensation & Benefits Analyst

Department: Human Resources

Team: Reward

Location: Madrid

Type: Permanent

About the Role

The Compensation and Benefits Analyst will play a pivotal role in the management of employee compensation and benefits across LSM’s UK and International populations. This dual-function position focuses on data management, salary benchmarking, employee benefit management and communications, and monthly benefit payroll cycle and system support. This is an exciting opportunity for an analytical and results-driven individual who thrives in a dynamic and client-focused environment.

About the Department & Team:

The Reward team is responsible for creating, managing and implementing compensation policies and programmes, and managing employee benefits across Liberty Specialty Markets’ UK and International populations (primarily UK, Europe and UAE).

Key Responsibilities

- Provide first-line support for compensation and benefits inquiries from employees, ensuring clear and effective communication.
- Maintain high standards of data integrity within HR systems, ensuring robust data quality for job libraries and compensation structures.
- Collaborate closely with HR Business Partners, Operations, Payroll, and the Reward Team to ensure cohesive management of compensation and benefits initiatives.
- Provide analytical and reporting support for various HR and Reward projects

Compensation

- Administer and maintain employee compensation packages, promotions, and ad-hoc pay increases, adhering to established processes and frameworks.
- Conduct market analysis and compensation benchmarking to ensure competitive and equitable compensation packages.
- Support with the annual pay review process, managing merit increases, promotions, and incentive schemes

Benefits





- Manage the data and administrative tasks associated with ongoing benefits management and renewals (e.g., risk benefits, health, and pension) across EMEA, including new joiner and leaver processes and communication with benefit providers.
- Develop engaging employee communications to promote our benefits offerings and reinforce LSM as an employer of choice.
- Process invoices related to employee benefits, ensuring reconciliation with departmental budgets.
- Liaise with brokers and benefits providers across EMEA to ensure effective management of employee benefits.
- Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Skills and Experience

- Experience in HR, Compensation, or Benefits administration, preferably within a complex organizational structure.
- Strong analytical, numerical, and problem-solving skills with a focus on data management and reporting.
- Exceptional attention to detail and organizational skills,



with the ability to manage multiple priorities effectively.
- Advanced proficiency in Microsoft Excel, including experience with pivot tables, VLOOKUPs, and data manipulation; familiarity with Power BI and Power Query would be beneficial.
- Excellent communication skills, with the ability to convey complex information clearly and persuasively at all management levels.
- Experience with employee communications and innovative ways to promote benefits is highly desirable.
- Fluent in English and one other European Language

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a general organisation. We bring this to life for our colleagues through:

- Offering a vibrant and inclusive environment and committing to their career development.
- Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
- Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
- A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion

📌 Compensation & Benefits Analyst (Madrid)
🏢 Liberty Specialty Markets
📍 Madrid