CFC

Cyber risk underwriting through MGA platform

Reward & Benefits Manager

Compensation & BenefitsUpdated on Nov 13

Full-timeLondon, UKNo salary listedHybrid

About the Job

Requirements

Strong verbal, written, and presentation skills to communicate clearly with stakeholders at all levels.
High attention to detail and accuracy when handling sensitive or complex reward data.
Excellent analytical and numerical ability, with confidence interpreting data and using insights to guide decision-making.
Ability to organise work, manage competing priorities, and deliver at pace.
Ability to work under pressure and meet tight deadlines.
Strong IT literacy, including advanced Excel.
Confidence collaborating across HR, finance, leadership teams, and external partners, building strong working relationships.
Ability to influence without relying on hierarchy and guide stakeholders toward fair, consistent reward decisions.
Ability to manage and develop a small team, providing clarity, support, and direction.
Significant experience in compensation and benefits, ideally within financial services or insurance.
Strong understanding of reward structures, employee benefits, and employment legislation.
Proven track record of designing, managing, and improving reward programmes that support engagement and organisational growth.
Hands-on experience leading annual compensation cycles, including salary review, bonuses, moderation, and system management.
Comfort working with external market data and salary surveys, such as McLagan and WTW, to support job grading and benchmarking.
Experience running or improving benefits programmes and working with brokers and benefit providers.
Skill in producing clear reward analytics, reporting, and insights for senior leaders and governance forums.
Familiarity with scaling or global environments where reward frameworks and benefits evolve over time.

Responsibilities

Manage delivery of CFC's global reward and benefits strategy and drive its continued development as the company grows.
Manage current employee benefits, including benefit providers and brokers, and shape UK and global benefits to improve the offering, drive global consistency where possible, enhance employee wellbeing, and maintain cost efficiency.
Manage the annual compensation review process, including salary and bonus, ensuring consistent and fair proposals and outcomes, robust moderation, and smooth operation through the Compensation system.
Under the direction of the Head of Reward, collaborate with HR and leadership teams to develop and implement structures, frameworks, and guidelines that strengthen the link between performance and reward outcomes.
Provide expert advice and guidance to recruiters, HR business partners, and business leaders on reward structures and internal and external benchmarking data to inform reward decisions.
Manage collation of data for salary survey submissions and oversee external-market data usage.
Manage formal job grading using the internal approach, with reference to AON McLagan and Willis Towers Watson grading methodology, and provide technical insight and rationale on job grading.
Develop and generate reward analytics, reports, and insights.
Manage day-to-day and technical reward and benefits queries and reporting relating to the annual bonus and salary review process and benefits renewals.
Contribute to preparation of data and papers for Remuneration Committee meetings.
Manage processes to ensure compliance with regulatory requirements related to compensation and benefits.

Desired Qualifications

Experience in compensation and benefits within financial services or insurance is ideal.

Reporting to the Head of Reward, you’ll play a key role in delivering CFC’s global reward and benefits strategy. Working as part of a small experienced and highly technical reward team, you’ll have real ownership of how our programmes run today and how they evolve as we continue to grow.

Collaborating with HR and senior leaders, you’ll help develop frameworks that strengthen the link between performance and reward, offering clear, expert guidance on benchmarking, reward structures and job grading. You’ll also take responsibility for salary survey submissions, producing meaningful reward analytics and reporting, and handling day‑to‑day and more technical reward queries.

You’ll manage the full breadth of our benefits offering, working closely with providers and brokers to ensure schemes remain cost‑effective, consistent, and supportive of employee wellbeing across both the UK and our international locations. You’ll run the annual compensation review cycle end‑to‑end, ensuring robust moderation, fair outcomes, and a smooth process through our systems.

You will be responsible for managing the delivery of CFC's global reward and benefits strategy, and driving its continued development as the company grows.
Ongoing management of current employee benefits, including managing benefit providers and brokers. Additionally, shaping the evolution of UK and global benefits to improve the benefits offering, drive global consistency (where possible) and enhance employee wellbeing in a cost‑efficient manner.
Manage the annual compensation review process (salary and bonus), ensuring consistent and fair proposals and outcomes, a robust moderation process and smooth operation through the Compensation system.
Under the direction of the Head of Reward, collaborate with HR and leadership teams to develop and implement structures, frameworks and guidelines to strengthen the link between performance and reward outcomes.
Provide expert advice and guidance to recruiters, HRBPs and business leaders on the appropriate use of reward structures and internal and external benchmarking data to inform reward decisions.
Manage the collation of data for salary survey submission and oversee all aspects of external‑market data usage.
Manage the formal grading of jobs, using our internal approach (with reference to the AON McLagan and Willis Towers Watson grading methodology), providing expert technical insight and rationale on all aspects of job grading.
Pro-actively develop & generate reward analytics, reports and insights.
Manage day-to-day & more technical reward & benefits queries and all reporting relating to the annual bonus and salary review process, and benefits renewals.
Contribute to the preparation of data and papers for Remuneration Committee meetings.
Manage the processes of ensuring compliance with regulatory requirements related to compensation and benefits.

Strong verbal, written and presentation skills, able to communicate clearly with stakeholders at all levels.
High attention to detail and accuracy, especially when handling sensitive or complex reward data.
Excellent analytical and numerical ability, with confidence interpreting data and using insights to guide decision‑making.
Well‑organised, able to manage competing priorities and deliver at pace.
Comfortable working under pressure and meeting tight deadlines.
Strong IT literacy, including advanced Excel.
Confident collaborating across HR, finance, leadership teams and external partners, building strong working relationships.
Able to influence without relying on hierarchy and guide stakeholders toward fair, consistent reward decisions.
Capable of managing and developing a small team, providing clarity, support and direction.
Significant experience in compensation and benefits, ideally within financial services or insurance.
Strong understanding of reward structures, employee benefits, as well as employment legislation.
Proven track record of designing, managing and improving reward programmes that support engagement and organisational growth.
Hands‑on experience leading annual compensation cycles, including salary review, bonuses, moderation and system management.
Comfortable working with external market data and salary surveys (e.g. McLagan, WTW) to support job grading and benchmarking.
Experience running or improving benefits programmes and working with brokers and benefit providers.
Skilled in producing clear reward analytics, reporting and insights for senior leaders and governance forums.
Familiarity with operating in scaling or global environments where reward frameworks and benefits evolve over time.

About the Company

CFC

Cyber risk underwriting through MGA platform

CFC Underwriting is a specialist insurance provider operating as a managing general agent (MGA) that underwrites on behalf of a panel of carriers, focusing on emerging and specialty risks with a strong emphasis on cyber. It uses a proprietary global insurance platform powered by data science to streamline underwriting across a portfolio of 50+ products, including cyber and professional liability, with an in-house incident response team adding comprehensive cyber risk management. It differentiates itself through its early focus on cyber, large in-house claims and incident response capabilities, and a global broker-driven distribution model. Its goal is to deliver fast, precise underwriting and robust risk management for technology-related and other specialty risks worldwide.

Company size: 1,001-5,000
Company stage: Not listed
Total funding: Not listed
Headquarters: London, United Kingdom
Founded: 1999

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