Rewards and Benefits Manager

PwC; Wes-Kaap; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading consulting firm in South Africa is looking for a Reward Consultant to provide specialized consulting services on total rewards and compensation strategies. You will analyze client reward programs, design equitable compensation structures, and enhance employee benefits. The ideal candidate has a BCom or LLB degree and over 3 years of consulting experience in remuneration. The role offers diverse responsibilities, from benchmarking to managing client relationships, in a dynamic work environment.

Qualifications

• 3+ years of experience as a remuneration consultant or strategy consultant.
• Strong analytical and logical thinking ability.
• Good interpersonal skills and team-oriented.

Responsibilities

• Consulting on projects across the full spectrum of remuneration.
• Reviewing executive and non-executive benchmarking.
• Preparation of indicative financial models for variable pay.
• Managing client relationships and project engagements.

Skills

Analytical skills

Communication skills

Time management

Teamwork

Client service orientation

Education

BCom degree or LLB

Tools

Microsoft Office (PowerPoint, Word, Excel)

Job description

At PwC, our people in workforce consulting focus on providing consulting services related to human resources, talent management, and organisational development. They analyse client needs, develop people and organisation strategies. These individuals offer guidance and support to help clients optimise their workforce, enhance employee engagement, and drive organisational effectiveness.

Those in rewards and benefits at PwC will specialise in providing comprehensive consulting services related to total rewards, compensation programmes, and employee benefits. You will work closely with clients to analyse their reward and benefits strategies, design competitive and equitable compensation structures, and develop cost-effective and attractive benefits packages.

The Reward team in South Africa is a national practice. The team is split across two offices, Johannesburg and Cape Town.

The team is split into two workstreams:

• Analytics (i.e. benchmarking, modelling, KPI strategy consulting, variable pay design)
• Tax, Legal and Governance (TLG) (i.e. remuneration reports, plan rule drafting, tax opinions)

Brief Outline/ Purpose of Job

As a Reward Consultant you will be consulting on projects across the full spectrum of remuneration.

This includes executive and non-executive director benchmarking, variable pay review and design, indicative financial modelling, drafting of remuneration reports, researching investor views, and understanding corporate governance best practice.

Role/Job

As a Manager you will primarily be involved in the following:

• Reviewing executive and non-executive benchmarking prepared by junior colleagues including LTI valuations. Contributing to development of methodology.
• Preparation and review of indicative financial models to demonstrate cost/benefit analysis of variable pay arrangements.
• Performance condition testing e.g. Total Shareholder Return.
• Key performance indicator (“KPI”) strategy consulting.
• Conducting critical reviews of client’s remuneration practices, and drafting papers including review outcomes and recommendations for new structures to clients.
• Short-term and long-term incentive review and design.
• Analysis of remuneration reporting in light of King IV (corporate governance recommendations) and assisting clients with preparing remuneration reports and policies to be contained in the integrated annual report of the company.
• Monitoring of institutional investor voting patterns and regulation, and analysis of these trends with respect to both design and disclosure of all aspects of remuneration (in particular executive remuneration).
• An awareness of topical issues surrounding executive reward, both globally and locally, and the preparation of communication material to remuneration committees regarding this information, as well as providing ongoing advice.
• Managing client relationships.
• Project managing client engagements.
• Responsibility for risk management procedures and managing costs/fees.
• Attending client meetings.
• Assisting with the preparation of client publications.

Other activities that the practice undertakes which you may be involved in:

• Preparation of formal legal documentation regarding the operation of long-term incentive / share plans e.g. plan rules, award letters, etc.
• Ensuring legal/regulatory compliance with regard to long-term incentive / share plans e.g. JSE Listings Requirements, Companies Act. This may include liaising with sponsors, external lawyers, JSE contacts, etc of clients.
• Drafting employee communications regarding short-term and long-term incentives.
• Research on technical, legal, tax, and topical issues arising in connection with executive reward and incentives.
• Drafting tax opinions in connection with executive reward and incentives, including broad-based employee schemes, trusts, long-term incentives / share plans, etc.
• Advising PwC offices in other countries on the South African tax consequences of incentive arrangements, and liaising with foreign PwC offices to ascertain the implications of South African incentive arrangements in foreign jurisdictions, compiling responses and presenting to clients.

Key Competencies and Attributes:

• Strong analytical tendency with attention to detail and logical thinking ability.
• Excellent oral and written communication skills.
• Good organization and time management skills and the ability to work under pressure.
• Ability to work in a team as well as independently and to interact with stakeholders at all levels.
• Client service and results oriented.
• Good interpersonal skills and work towards team goals.
• Ability to deal with multiple demands under tight client deadlines.
• Self-managed, motivator, enthusiastic.
• Take ownership of personal development.
• Good at giving and receiving feedback.
• Eager to learn and quick to grasp new concepts.
• Integrity and judgement about work and relationships.
• Comfortable building relationships and communicating with people at all levels.
• Comfortable with Microsoft Office programmes e.g. Powerpoint, Word, Excel.

Qualification & Experience Requirements

• BCom degree or LLB would be highly desirable.
• 3+ years of experience as a remuneration consultant or strategy consultant