Rewards Senior Manager

Old Mutual South Africa; Johannesburg; On-site; ZAR 1,000,000 - 1,800,000; Full time

Job summary

Old Mutual South Africa invites applications for a Senior Reward Manager for Life and Savings to partner with the Life and Savings Cluster to implement the Group remuneration, benefits and performance framework in support of business strategy and governance.

This role leads annual reviews, STI and LTI design, benefits offerings, and reward analytics, while ensuring fair remuneration outcomes and effective change management across business units and senior leadership.

Qualifications

• Masters degree (NQF Level 9) in a relevant field.
• Extensive experience in remuneration governance and incentive design.
• Strong analytics and data-driven decision making with Workday data handling.

Responsibilities

• Lead in-cluster remuneration and performance cycle implementations.
• Advise Life and Savings leadership on pay, incentives and governance.
• Support committee with remuneration topics, governance and tracking.
• Ensure adherence to Group Remuneration and STI/LTI plans.
• Oversee STI design, governance, and cluster scorecards.
• Design and govern sales incentive schemes aligned to priorities.
• Support LTI and share-based awards processes.
• Advise on senior remuneration matters and payline positioning.
• Design in-cluster benefits within Group framework.
• Provide reward analytics including Workday data accuracy.
• Drive change management for reward initiatives with stakeholder alignment.

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

Education

Masters

Job description

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 Reward Manager for Life and Savings would be accountable for partnering with the Life and Savings Cluster to implement the Group remuneration, benefits and performance framework in a way that supports business strategy, ensures fair and responsible remuneration outcomes, strengthens governance, and provides practical reward solutions for the cluster’s business units, sales channels and senior leadership.

Key Responsibilities

• Lead implementation of the in-cluster remuneration and performance cycle, including annual review, calibration, goal-setting, mid-year check-in, scorecard outcomes and STI pool processes.
• Act as the senior reward business partner to Life and Savings leadership, advising on pay, incentives, performance, benefits, allowances, offers, exceptions and governance requirements.
• Support the Life and Savings Cluster Management Committee with Remuneration related topics through agenda planning, paper preparation, terms of reference, action tracking, governance advice and escalation of matters outside delegated authority.
• Ensure consistent implementation of the Group Remuneration Policy, Group STI Plan, Group LTI Plan and Group Core Benefits within Life and Savings, including identification of proportional application or waiver requirements.
• Oversee in-cluster STI design, governance and implementation, including cluster and BU scorecards, pool outcomes, affordability, risk considerations and approval processes.
• Design and govern sales incentive arrangements and other bespoke cluster-specific incentive schemes aligned to business priorities, behavioural outcomes and regulatory requirements.
• Support LTI and share-based award processes, including sales, actuarial, Bula Tsela, retention, buy-out and sign-on awards where applicable.
• Advise on senior remuneration matters, including Cluster Exco remuneration, payline positioning, reward exceptions and approval requirements.
• Design and implement in-cluster benefits and allowance offerings within the Group framework, with specific focus on sales channels, non-TGP employees and affordability challenges.
• Provide reward analytics and insights to support remuneration decisions, including Workday data accuracy, performance calibration, pay outcomes, incentive outcomes, benefits utilisation and people-cost management.
• Drive cluster change management for Group reward, benefits and performance initiatives, ensuring business-specific communication, stakeholder alignment and effective implementation.

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

NQF Level 9 – Masters

Closing Date

09 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.

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