Specialist: Reward & Benefits at Old Mutual South Africa

Job Description

• Old Mutual Insure is looking for an experienced specialist in the rewards & benefits space. 
• This role will be responsible for providing support and advice in relation to employee reward and benefits for Old Mutual Insure. The role will include conducting qualitative and quantitative remuneration analyses to aid in data driven decision making in support of the overall Human Capital strategy, supporting the execution of the annual pay review process, monitoring market and industry trends, and supporting the employee benefits portfolio (i.e., retirement and risk benefits, medical aid, leave and other employee benefits).

You would: 

• Support Employee Reward and Benefits frameworks:
• Supports the delivery of standard Reward and Benefits processes.
• Conduct job evaluation and salary benchmarking in conjunction with relevant stakeholders to ensure equitable remuneration outcomes.
• Facilitates compensation/benefits surveys that Old Mutual Insure participates in (e.g. RemChannel) and manages this process end to end.
• Conducts research on key trends that impact employee compensation and benefits.
• Identify and implement opportunities for process improvements.
• Contribute to Reward initiatives both at a Group and Business Unit level.
• Conducting audits to ensure compliance with policy requirements.
• Acts as a liaison between the Payroll and Rewards and Benefits teams for the execution of all journals and payments

Analyses, systems and tools:

• Generates Reward Analytics and insights to inform data driven decisions.
• Conducts market position and Pay Gap analyses
• Provide the reporting and analytics in partnership with the HR MIS Analyst.
• Conducting ad hoc analysis as required

Advisory and Consulting:

• Supports the Human Capital team and employees to resolve queries.
• Ensures that escalated queries from the Human Capital Business Partners are resolved by engaging with relevant stakeholders.
• Provides education and communication to create a shared understanding for all stakeholder groups (internal and external).
• Build toolkits for the Human Capital team to localize and adapt for internal use.
• Build communication and engagement tools for employees and prospective employees to understand and experience the Old Mutual Insure Total Reward proposition.

Minimum Requirements: 

• B. Degree (Accounting, Econometrics or Statistics) 
• Global Remuneration Professional (GRP) is advantageous
• 3 to 5 years relevant experience

The Recruitment process:  

• TA Interview: This will be a discussion with a member of the TA Team to give you an 
• understanding of our business, our culture & values and more context on the role. It will also allow up the opportunity to get to know you a little better, and ensure OMI can meet your needs 
• Introduction Coffee Chat: Meet with the Senior Manager: Rewards & Benefits and get to know one another 
• Panel Interview: This will be with 2 members of the senior leadership of the hiring team 
• Technical & Psychometric Assessments: These will depend on the role and will 
• sometimes happen concurrently with MIE & Internal Verification
• Offer 

Education

• Bachelors Degree (B)  (Required)

Closing Date:19 June 2024