Senior Remuneration Consultant

Let's Write Africa's Story Together Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description The Senior Remuneration Consultant is responsible to shape and drive the Reward agenda for segments in South Africa (excl. OMI and OMIG). Partner with HCEs, in-segment teams and the Reward COE practice leads to determine critical reward priorities to enable the reward strategy in segments. Embedding a data analytics mindset to analyse and optimise reward spend to leverage high performance. Conceptualise and ensuring disciplined execution of strategic Reward initiatives. Defining and embedding disciplines, capabilities and activities that support the business through appropriate operational practices. Key Result Areas: Reward Strategy and deployment Working in partnership with the Reward COE and Segment HC and Business, embed and enable the Group Reward Strategy across all segments in South Africa. Provide input into the Group Reward Strategy for a fit-for-purpose, competitive Group reward strategy that underpins the key value drivers and needs for the segments balancing interests of Group cohesion, market relevance and business outcomes. Partner with segments to ensure the management, deployment and embedding of the Group Reward Strategy and related programs. Partner with the Reward COE for customisation and design of segment level reward programs within group minimum standards. Responsible for the design, development or input into local/ segment level benefit/ recognition and sale incentive programs. Governance, Risk and Compliance Ensure the Reward Governance standards applicable across the group are implemented, Ensure all OML Group Reward Governances are fully communicated and socialised for understanding and alignment with key stakeholders and fully complied with. Work with Capital and Reward partners to ensure compliance with key governances and controls; and to identify, assess and mitigate for potential reward-related risks. Support key stakeholders with audit actions and risk assurance exercises as required. Conduct required communications, change and capability building as required, to ensure shared understanding of key policies, governances, and controls. Operations Drawing from OML Group policy and practice, standardise, optimise and improve the effectiveness of Reward practices and key cycles across the portfolio. A portfolio, embedding principles of disciplined execution and continuous improvement. Partnering with segment Executive and Human Capital Teams to provide guidance and support on key Reward issues requiring more specialist input. These may include, but are not limited to guidance on remuneration governances, the construction of more complex offers, specific remuneration challenges relating to attraction and retention, etc. Approve executive level offers in partnership with the Reward COE for all segment appointments, promotions, and separation, including valuation of buy-out and sign on agreements. Working in partnership with Group Reward function and Human Capital Teams, plan and drive completion of all key Reward activities across the portfolio, in line with Group requirements, milestones and timelines; facilitating segment executive level approvals where required. Assisting with the conceptualisation and proposal developments around specific initiatives agreed to address more complex Reward issues. Design and drive programmes of action to execute on agreed initiatives. Partner and lead on all key business change projects including S189 and S197 for segments. Co-ordinate the annual reward review (Salary, STI and L) for segments and support HC and Line management during the process. Form part of the core Reward COE team to drive successful outcomes for the segments during the process. Analytics and Insights Generates insights from Reward Analytics to inform policy and implementation decisions, measure ROI and effectiveness of programs at segment level. Provide regular reporting and insights on key Reward-related metrics, with proactive recommendations for risks and/or improvement opportunities. Focuses on education, strong communication and creating understanding of practice areas for all stakeholder groups (internal and external) including communities of practice. Leads efficiencies and new ways of work to simplify complex process that add value. Qualification and experience: B. Comm post-graduate degree in a relevant field Global Remuneration Professional (GRP) or SARA Accreditation as a Master/ Chartered Reward Specialist advantageous Experienced senior manager with at least 5-8 years’ total reward experience with demonstrated knowledge of total reward practices at reward partner level. Management consulting change and project management experience is advantageous. Technical Competencies: Demonstrated competence in project management and business partnering. Demonstrated business acumen including a sound understanding of business finances. Highly numerate. Understanding of regulatory requirements & legislation (e.g. BCEA, Labour Relations Act, Tax Act, King Code, Companies Act, applicable local legislation, Equal Pay for Equal Work) Demonstrated experience in remuneration survey analysis and application Demonstrated experience in the design, development and application of strategy, frameworks and policiesp> Behavioral Competencies: Agile mindset and responsive to quick delivery and turnaround Strong ability to collaborate both internally and externally. Has significant external networks of beneficial relationships within the Reward field. Strong written and verbal communication and presentation skills. Places the customer first and strives to deliver high quality reward solutions to the business. Innovative and future focused in designing and delivering reward solutions. Leads with influence and is able to achieve results without having direct managerial authority. Has high-energy and is resilient to change and challenges. 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