Compensation Specialist - Executive Pay

Compensation Specialist Executive Pay

**Location:** London, GB, WC2N 5EH **Division:** Global Executive Rewards **Job Type:** Full-time **Requisition Number:** 53838 **Department:** Human Resources

Job Purpose

The role focuses on the design, implementation, and governance of National Grid's executive reward programme. The role implements and administers the Company's discretionary employee share schemes as well as its all-employee share schemes covering 30,000 employees, including Sharesave and Share Incentive Plan in the UK and Employee Stock Purchase program in the US. An important part of the role is the management of all regulatory and legal reporting and disclosure requirements such as the Directors Remuneration Policy and the Directors Remuneration Report (DRR) for the Annual Report Accounts.

What you'll do

• Act as a trusted advisor to HRBPs and internal stakeholders through providing best practice insights on sensitive confidential matters related to external recruitment, internal moves, retention awards, and exits associated with executives.
• Responsible for the Non-executive Executive Director and Group Executive Committee (GEC) recruitment and termination process, including compensation proposals, term sheets, buyout of terms and conditions, offer letters, and separation agreements.
• Produce all Remuneration Committee papers, presentation materials, and planning each RemCo cycle, including drafting the Directors Remuneration Report (DRR) for the Annual Report Accounts.
• Oversee the submission of key regulatory reporting such as the 162m reporting, R9 governance reporting, DAG 409A, and CEO pay ratio.
• Implement the share scheme strategy, policy, and administration, including discretionary long-term incentive schemes as well as all-employee share schemes in both the US and the UK.
• Project manage and administer Sharesave and Share Incentive Plan in the UK, including plan launches and maturities.
• Manage the relationship between National Grid and vendors, share plan administrators, and RemCo advisors.

What you need

• Between 2 to 5 years of experience in executive pay.
• Strong knowledge in the executive pay landscape.
• Advanced excel skills.
• Ability to build relationships with senior business leaders.
• Holds external qualifications such as Tapestry certificate in employee share plans or CIPD.

What you'll get

• A competitive salary between £46,000 - £65,000 dependent on capability.
• Bonus based on personal and company performance.
• Competitive contributory pension scheme.
• Access to flexible benefits such as a share incentive plan, salary sacrifice, car and technology schemes, employee assistance lines, and matched charity giving.

About us

National Grid touches the lives of almost everyone with an energy network that stretches across the Atlantic. We're an international team working hard to create value for people today and shape the future of energy tomorrow. In the UK, we don't generate or sell energy, we join the dots to get energy from A to B. Without our electricity network, the world as we know it would grind to a halt. Join us at National Grid to shape the way we use and consume energy for generations to come.

Our values and principles

At National Grid, we listen to what our customers need every day. As an employee, you'll treat our customers as a priority, find better ways, and provide accessible information when needed. You'll be proactive, flexible, and always look to exceed expectations in unexpected and helpful ways.