Graduate Reward And Benefits Consulting 2024

Type: Graduate
Region: London

Without careful consideration today, tomorrow’s pensions don’t exist.

That’s where Isio comes in, giving our clients the advice and support they need to deliver better outcomes and financial wellbeing for their members in the decades to come.

Isio provides full-service pensions consultancy to our 1000+ corporate clients, from actuarial expertise through to investment advice and third-party administration, and advising clients on providing the best possible reward and benefits packages for their employees. Isio launched in March 2020 out of KPMG UK’s pensions practice and has grown to over 1000 people working across 10 offices across the UK.

We’re a People First business, so we want to make sure that you are supported to reach your goals, whatever they may be. We’ll support you with studying, be flexible around family life and enable you to give back to the community through paid volunteering days.

We aim to create an environment where you can succeed in a role which makes the most of your existing skills and develops new ones.

We are committed to equality, diversity and inclusion – bringing your whole self to work every day. We have hubs across the UK and many of our roles are flexible in location to help create a work-life balance that works for you.

We are keen to support those starting their career at Isio with building a strong foundation for success. Whether as a Graduate, Industrial Placement student, Summer intern or as an Apprentice, Isio will provide a great experience working alongside experienced professionals. You will have the opportunity to help fulfil our Purpose of creating better outcomes for our clients, their members and society by empowering and developing our people.

Isio is growing at a fast and exciting pace. Starting your career at Isio will be a great balance of working with experts in their field within an innovative organisation that is looking to drive positive and innovative change in its sector.

Graduates at Isio have acknowledged their positive experience, as shown by our ranking as the Top Employer for Graduates to work for in Consulting according to the Job Crowd 2023 rankings.

Reward and Benefits Consultancy Graduate Programme

• Length of programme: Around 3 years to achieve your relevant professional qualification, however you are employed on a permanent basis from the start of your graduate role
• Qualifications you’ll work for: You will be supported in working to achieve a relevant externally accredited qualification. This could include qualifications from the Pensions Management Institute (PMI)

Entry requirements

To apply for this role you need to have completed an undergraduate degree or higher level qualification by 1 September 2024 and have achieved a 2.1 or higher. If you are in your final year of university study, we are looking for those on track to achieve this.

We are open to applications from those studying any subject. Studying towards some of the key qualifications will require strong mathematical skills and a keen interest in financial concepts.

Working as a Reward and Benefits Consultant at Isio

Our Reward & Benefits team plays a central role in Isio’s ambition to broaden our offering beyond pensions. Our team has already seen significant growth, and the recent acquisition of an established employee benefits consultancy business offering clients Risk and Healthcare and Benefits Technology support has accelerated our plans – we expect to achieve rapid growth as we take our expertise to market and we are looking for new talent to join the team.

We provide a range of services to our clients which are all about supporting them with providing the best possible offering to their employees around Reward and Benefits. This includes supporting with benefit design, benefits technology, risk and healthcare broking, pensions, workplace savings advice and governance, and employee support. Isio’s aim is to help our clients bring those offerings to their employees into an integrated proposition.

This role is an exciting opportunity to build your knowledge of this growing business and develop your client facing consulting skills as the foundation for an exciting career in this key growth area for Isio.

Working as a Graduate in our Reward and Benefits Consultancy You will build your experience and knowledge in:

• Involvement in designing and implementing innovative benefit strategies for the modern world whilst understanding the design considerations employers have including cost, risk and best practice.
• Attending client meetings to understand client needs and help their organisation provide a benefit strategy that meets the needs of their employees.
• Analysing employee data and survey results to consider views and circumstances of employees which may result in benefit change recommendations.
• Supporting on projects to review, change or implement specific employee benefits or technology, or to support organisations in communicating with employees.
• Researching benefits and providers and supporting experienced consultants to prepare reports in relation to provider market reviews.
• Drafting employee communications and dealing with employee queries in relation to their benefits – resolving issues and communicating back to employees in a timely manner.
• Supporting the development and updates to our financial wellbeing tools.
• Helping clients with the governance of their benefits (e.g. pensions).
• Developing content for seminars and/or workshops to employees.
• Managing projects to deliver financial coaching sessions to employees.
• Working with experienced consultants in growing the revenue from our current clients through providing high-quality consultancy around their approach to Reward and Benefits.
• Contributing to new business activities including involvement with tender submissions and pitches.
• How to build effective client relationships and maintain high levels of customer satisfaction.
• Professional networking
• Working with regulated advisers on strategic pension scheme design covering trust based and contract based environments.
• Supporting pension trustees with ongoing regulatory requirements for defined contribution pension schemes and evolving requirements in the DC regulatory landscape.
• Supporting reviews of pension scheme investment strategy, including undertaking stochastic modelling, portfolio construction, and working with global fund managers to implement new investment mandate.

You’ll study for a professional qualification whilst being trained on the job. Your role will see you build up a wide range of knowledge Reward and Benefits and effective consulting skills in this space.

Training and Development

As a Reward and Benefits consultancy graduate at Isio, you will be supported in achieving relevant professional qualifications given by external bodies. This could include the Pensions Management Institute (PMI) or another body.

Additional support will come from:

• Meeting your peers and senior leaders at a Graduate induction event.
• Support with developing key personal and professional behaviour.
• Regular technical training and opportunities to develop wider market knowledge throughout your career within Isio.
• A buddy from your first day to help you settle in.
• A Performance Manager to support you with your individual progress and performance.

What we are looking for in Graduates in Reward and Benefit Consulting

Our success stems from the quality of our team. That’s why you’ll find we’ve an entrepreneurial atmosphere that offers the opportunity for every member to influence the shape and future development of the team. So, as well as commercial acumen, we look for graduates who are articulate with strong communication skills.

It is important to be able to maintain a good level of self-discipline and time management to balance your work while studying for professional exams. We are looking for individuals who are excited about developing strong client facing and consulting skills and are motivated about achieving commercial targets.

We will also be looking to see how applicants align to our core beliefs:

• Power in Partnership: We work in partnership with our clients & each other – building open and trusted relationships. Working together allows us to deliver the best for our clients.
• Future Focus: We want to push our industry forward by solving problems in better ways that benefit both our clients & society.
• Strength in Difference: We work with diverse perspectives to find better solutions. Working with differences makes us stronger.
• People First: We recognise that pensions is a people business. People are the source of Isio’s expertise and it is people’s lives that we affect through our advice