Executive Pay Specialist

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 (which covers 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 to inform business decision making on sensitive/confidential matters relating 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, which includes but is not limited to compensation proposals, term sheets, buyout of terms and conditions, offer letters, separation agreements as required – supported by an analyst
• Produce of all Remuneration Committee papers and presentation materials as well as planning each RemCo cycle including  Draft the Directors’ Remuneration Report (DRR) for the Annual Report & Accounts (ensuring all regulatory disclosures are met) and the Annual General Meeting preparation for the CEO, RemCo Chair and Company Chair. 
• Oversee the submission of key regulatory reporting such as the 162m reporting, R9 governance reporting, DAG, 409A, and CEO pay ratio with the support of an analyst 
• Implement the share scheme strategy, policy, and administration; includes discretionary long-term incentive scheme 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, overseeing maintenance files to Equiniti with the support of an analyst and act as the point of contact for any Sharesave or SIP query. 
• Managing the relationship between National Grid and our vendors (share plan administrators and RemCo advisors) including ensuring each vendor stays within scope and budget, having regular touch points in terms of service and overseeing the invoicing of work

What you need

• Between 2 to 5+ years of experience in executive pay
• Strong knowledge in the executive pay landscape which requires an awareness of diverse practices, precedents, insights and/or sophisticated concepts and principles
• Advanced excel skills and experience drawing appropriate conclusions from data analysis to enhance decision making for reports and presentations 
• Ability to confidently 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

As well as your base salary, you will receive a bonus based on personal and company performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.

About us

National Grid touches the lives of almost everyone, with an energy network that stretches across the Atlantic. We’re an international team, and our work underpins the lives of millions of people. Feet forwards, head up, and eyes bright, we’re 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. From making a cup of tea in the morning, to keeping the lights on in hospitals, our electricity network puts power in the hands of people. Without it, the world as we know it would grind to a halt.

The world of energy is changing beyond recognition. Working at National Grid, you won’t just be touching the lives of almost everyone in the UK – you’ll be shaping the way we use and consume energy for generations to come. 

Our values and principles 

At National Grid, through listening to what our customers need, every day we do the right thing and find a better way.

As a National Grid employee, you’ll treat our customers as a priority, taking time to listen and work with them to help give them the best experience we possibly can. You’ll need to be proactive and flexible in your approach and continually look for ways to exceed their expectations – sometimes in unexpected and helpful ways. You’ll provide accessible information when our customers need it and make things simple by using your expertise to guide them. Above all, you’ll follow through on your promises to deliver value, drive efficiency and give them a great customer experience.

We offer inclusion and diversity training for everyone here at National Grid, with a view to building an inclusive working environment and developing all our employees. Training opportunities range from unconscious bias and reverse mentoring to targeted training initiatives which are tailored to support our diverse and innovative work force.
 

More Information

The closing date for this vacancy is 21st April. However, we encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.

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