Senior Remuneration Specialist: TGP and Allowances

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 Specialist is responsible for the development, maintenance, governance, and analysis of remuneration and allowances frameworks across the organisation. The role provides specialist reward expertise to support competitive and equitable pay practices, collective bargaining processes, remuneration policy development, legislative reporting, and reward-related projects. The incumbent will drive salary benchmarking, pay structure development, remuneration modelling, governance, and support system implementation initiatives while ensuring compliance with applicable legislation and internal policies.

Key Result Areas

Total Guaranteed Pay (TGP) Management Benchmarking

• Coordinate participation in remuneration and benefits surveys.
• Manage salary survey submissions and ensure data accuracy.
• Analyse market trends and remuneration movements.
• Maintain relationships with remuneration survey providers and industry forums Conduct external salary benchmarking and remuneration market analysis.
• Develop, maintain, and review salary structures, paylines, and remuneration frameworks.

Annual remuneration Review

• Develop and execute increase mandate modelling and affordability analysis.
• Support the development and maintenance of job grading and benchmarking.
• Produce remuneration reports and insight for leadership decision-making.
• Conduct pay equity and remuneration competitiveness assessments.
• Provide support for annual remuneration review processes.
• Develop negotiation packs and financial impact assessments.
• Provide reward analytics and insights for union negotiation discussions.

Allowances Management Design and Review

• Support the design, implementation, and review of employee allowance frameworks.
• Conduct market benchmarking of allowances and related benefits.
• Evaluate business requirements and recommend allowance structures.

Governance and Compliance

• Monitor allowance governance and policy adherence.
• Review allowance utilisation and associated costs.
• Ensure allowance practices remain compliant with regulatory and internal requirements.

Reporting and Analytics

• Prepare allowance-related reports and trend analyses.
• Monitor market competitiveness and cost effectiveness.
• Provide recommendations based on utilisation and benchmarking outcomes.

Systems and Policy Support

• Support the implementation of allowances within HR, Workday and payroll systems.
• Update and maintain allowance policies and procedures.

Other related responsibilities

• Coordinate and submit statutory remuneration reporting requirements, EA4 submission.
• Provide remuneration support during mergers, acquisitions, and organisational restructuring activities.
• Support remuneration structuring for external hires and internal appointments.

Requirements

Skills, Qualifications and Experience required

Qualification and experience: Bachelor’s Degree preferably Business or technical degree e.g. Bachelor of Commerce.

Remuneration analysis and reporting background.

Experienced specialist with at least 5 - 7 years’ work experience (3 in a remuneration role). SARA qualification is advantageous.

Advanced data modelling in excel Reward governance and policy management.

Skills

• Adaptive Thinking, Change Management, Computer Literacy, Cultural Awareness, Data Compilation, Employee Compensation and Benefits, Executing Plans, Human Capital Management Systems, Knowledge Management, Organizational Design, Performance Management Design, Policies & Procedures, Policy Development, Regulatory Compliance Management, Servant Leadership Competencies Balances Stakeholders Builds Effective Teams Communicates Effectively Drives Results Ensures Accountability Plans and Aligns Strategic Mindset

Tech Savvy

Education Bachelor of Commerce (BCom) (Required)

Closing Date 20 September 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.

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