Returning Candidate?

Reward Manager - Insurance

Reward Manager - Insurance

Requisition ID 
Job Locations 
Job Family 
Performance, Reward and Talent

Reward Manager - Insurance


We’re hiring!


McLagan are currently recruiting a Reward Manager specialising in Insurance to join our team in London. The Insurance Reward Manager will be primarily responsible for providing reward benchmarking and consulting services to UK and European organisations. 


About McLagan


McLagan, a division of Aon Hewitt, is the leading provider of analytical performance reports, reward studies and consulting to the world’s top financial services firms. Focusing exclusively on the financial services industry for over forty years, McLagan serves clients across investment banking, asset management, corporate banking, private equity and private client businesses. McLagan’s highly skilled consultants deliver fact-based guidance to financial services firms helping them enhance productivity and profitability by optimizing revenue and cost drivers. More information about our firm is available at


Our belief is that accurate market data is a requirement for aligning resources with opportunities. Market data identifies business opportunities and market opportunities for talent and products.

Our goal is to provide complete and accurate data coupled with insights to help management interpret market trends in context and apply them to improve business results.

Our business model is based on creating and expanding long-term partnerships with our clients, who trust us with some of their most confidential and sensitive information. As evidence of this, many of our client relationships extend back to our firm’s inception over forty years ago.


McLagan’s clients benefit from our in-depth financial services focus, general management perspective, experienced consultants on every assignment, seamless and integrated global services and integrity and discretion in all matters.


About the Role


As a Insurance Reward Manager some of your key responsibilities will involve:


Benchmarking extensive data

Reward Design activities

Providing consulting services to our clients


Responsibility for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company.



About you

  • You will be able to use your associated experience in the building of significant relationships ideally with clients in Insurance, either from a consulting role or from within an Insurance firm.
  • Strong technical reward expertise and looking to utilise those skills in a consultative environment that will deliver revenue opportunities for the McLagan Insurance team.


As a Insurance Reward Manager your skills and qualifications will ideally include:


1. General

  • Sound understanding of and interest in Insurance.
  • A thorough understanding of compensation and the issues affecting reward structures.
  • Ability to master a specific area of expertise. Would be considered a expert and the go-to person for either an internal process or a market sector.
  • Likely have a supervisory/mentoring role. Would be a person that more junior staff can learn from and takes a proactive role in sharing experience and expertise.
  • Good communication skills both internally and externally.

2. Clients

  • Driven in client service, origination, and delivers results orientated solutions to often complex problems.
  • Able to develop business by understanding a client’s requirements and tailoring approach.
  • Manages client relationships utilising resources where appropriate (junior staff, senior experts, technology).
  • Prioritising requests and managing client’s expectations.

3. Technical

  • Rigorous and logical approach to process.
  • Strong technically in Microsoft Office, particularly Excel.
  • Excellent analytical skills. Proven record of ability to distil large amounts of data into a coherent message to facilitate decision making.

4. Other

  • Fluent English is a prerequisite – both written and verbal skills.
  • Other language skills would be an advantage, particularly European.
  • Degree qualified, ideally in a numerate discipline.

Salary and Benefits


This role offers a competitive salary plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare, childcare vouchers and additional holiday.


We’re happy to talk flexible working. If you need to flex your working pattern, Aon offers flexible and agile working policies and we’re happy to discuss options with you upon application.

Connect With Us!

Not ready to apply? Join our Talent Community to stay informed about Aon opportunities.