Senior Reward Manager
Arrow Global Group
Manchester, England, United Kingdom
Human Resources
Location: Manchester, UK
Description
The Reward Team forms part of the Central HR function led by our Chief People Officer. Reporting to the Performance & Reward Director, the Reward Senior Manager will support the delivery of high-quality compensation initiatives to support the delivery of our strategic objectives.
We operate a range of in-year and long-term incentive plans, including Carried Interest and Equity Plans. Our colleagues perform roles in investment, fund raising, central functions, technology and servicing – providing a diverse range of reward agendas.
This role will manage the core reward activities for all countries which include annual salary review, incentive review process ensuring engagement and clear communications to support the end-to-end process. They will also lead on EU Pay Transparency.
About The Role
- Lead the end-to-end design and delivery of the Group’s annual salary review, bonus and year-end reward processes, ensuring alignment with business strategy and culture.
- Provide strategic oversight of quarterly bonus accruals, modelling scenarios with Country HR Directors to inform Group-level bonus pool recommendations.
- Direct the Group’s benchmarking strategy, including provider selection and peer group definition, to ensure competitive and sustainable market positioning.
- Own the Group-wide year-end delivery plan, ensuring high-quality analysis and recommendations for Executive and RemCo decision-making.
- Translate complex data, modelling and insights into clear strategic recommendations influencing senior leadership and RemCo outcomes.
- Own and evolve the Group job grading framework, ensuring consistency, scalability and alignment with organisational growth and talent needs.
- Oversee global salary frameworks, including pay ranges and progression principles, maintaining internal equity and external competitiveness.
- Provide governance and modelling oversight for long-term incentives and associated systems, ensuring accuracy, integrity and compliance.
- Act as the senior reward expert on pay transparency, equal pay and regulatory reporting, ensuring Group compliance and best-practice governance.
- Lead the design and delivery of Total Reward Statements and broader reward communication strategies to enhance employee understanding and engagement.
- Partner with the Performance & Reward Director on reward strategy for M&A activity, integrations and organisational change.
- Serve as a trusted adviser to senior leaders, bringing thought leadership on global reward trends, emerging practices and technology-enabled reward solutions.
- Extensive technical expertise across all aspects of Reward, including short- and long-term incentives, policy, governance and market positioning.
- Experience owning job architecture, job evaluation methodology (e.g., WTW), and enterprise-wide grading frameworks.
- Proven capability in leading complex benchmarking strategies, interpreting global compensation data (e.g., WTW, McLagan, Aon) and crafting strategic insights.
- Highly advanced analytical and financial modelling skills, with strong Excel capability and the ability to present complex data clearly for senior decision-makers.
- Strong understanding of pay transparency requirements and statutory reporting.
- Demonstrated success operating across multi-country, multi-business organisations, ideally within Europe (including Italy, Portugal, Netherlands).
- Outstanding communication and influencing skills, with experience advising Senior Leadership.
- Ability to navigate ambiguity and lead through change, providing clarity and direction.
About the company
Company website•Financial Services
Arrow is a leading European vertically integrated alternative asset manager specialising in private credit and real estate.
Arrow was founded in 2005 by Zach Lewy, CEO, CIO, with the ambition of creating Europe’s leading private credit and real estate investment platform. Today, we deliver best-in-class risk-adjusted returns for global investors across real estate, direct lending, and opportunistic credit. Arrow’s hallmark is to invest opportunistically, moving between European geographies, asset classes and positions in the capital stack as we evaluate evolving risk/return dynamics. To execute this strategy, Arrow has developed its geographic and asset-class expertise in its target markets.
We own critical parts of the European infrastructure which gives us a practical advantage when operating in fragmented European markets. Our best-in-class asset management and servicing platforms generate differentiated opportunities through a disciplined investing, underwriting insight and proprietary dealflow. This vertically integrated advantage allows us to create sustainable value through market cycles.
Arrow’s local advantage is underpinned by 4,400 talented professionals who are deeply connected to our local markets. We have brought together leading practitioners, both locally and centrally, in the European credit and real estate, and our diverse workforce means we build meaningful connections in these markets through our investments.
Our teams are experts in their chosen fields, and our specialist teams cover areas such as development finance, non-performing loans, single name bankruptcy, corporate restructuring, bridge and agricultural lending, and small business loans. Our local advantage also extends to our unrivalled origination network, forensic underwriting, and portfolio management.
With the added benefit of key European regulatory licences, we service approximately €112 billion of AUM.