Monday , September 25 2023

HR vacancies near me – Reward Consultant

Website Old Mutual

Job Description:

The Reward Consultant: Policy & Reporting is responsible for supporting the development, and implementation of reward frameworks, processes and practices that can be implemented across the Old Mutual Group.

Job Responsibilities:

  • Annually analyses published remuneration reports for executive reward practices and trends.
  • Responsible for participation in executive benchmarking surveys in partnership with the TGP practice for submission.
  • Monitors trends and changes in reporting requirements and supports and guides on implications for OML reporting
  • Ensures that decisions taken by the CEO and the Remuneration Committee are implemented across the value chain.
  • Drafts/ Writes and reviews submissions made to the committee(s)
  • Keeps abreast of tax requirements, employment legislation and relevant business and policies changes that impact portfolio, policies, processes, and ways of working.
  • Manages updates to the Group Reward Strategy, HC Reward Risk Policy and all other Executive Reward Policies including but not limited to MSR, Malus and Clawback, Fair & Responsible Pay.
  • Keeps abreast of King, Companies Act and Prudential Authority change and requirement that impact policy amendments and changes.
  • Stays at the forefront of external activity in the governance, AGM and remuneration reporting areas to guide and recommend best practice approaches for OML.
  • Analysis of results and recommendations.
  • Ensures that Agendas, Workplans and standard/ reserve items are coordinated, reviewed, and managed in accordance with Group reporting and committee timelines and standards.

Job Requirements:

  • Demonstrated understanding of local and international best practices.
  • 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 competence in project management.

Qualification & Experience:

  • Global Remuneration Professional (GRP).
  • List company experience, preferable in Financial Services
  • Experienced specialist with at least 3-5 years’ total reward experience with demonstrated knowledge of executive compensation, policy and governance and remuneration reporting.
  • SARA Accreditation as a Specialist/ Chartered Reward Specialist.
  • B. Comm or similar degree

Job Details:

Company: Old Mutual

Vacancy Type:  Full Time

Job Location: Johannesburg, Gauteng, SA

Application Deadline: N/A

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