• Job Description

  Req#: JR-63208

  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

  Support of Benefit Frameworks

  • Works with the Senior Manager of the practice to communicate benefit frameworks through in country and segment HC.
  • Test and understand employee perceptions through research and studies to ensure that benefit programs are fit for purpose, value adding and sustainable.
  • Analyse information gained from research and surveys and provide required reporting to inform decisions.

  Governance and benefit management

  • Ensure that all benefits policies are reviewed and up to date in a central repository.
  • Ensure that benefit processes are mapped and reviewed regularly.
  • Conducts relevant audits and monitors application of governance standard and policy including benefit minimum standards.
  • Co-ordinates key employee benefit projects where required.
  • Works with benefit providers and centre of service to co-ordinate and oversee benefit administration.
  • Collates benefit information from countries and segment to manage Group Benefit practice and inform decisions.
  • Administers benefit programs, co-ordination and administration, record keeping and audit and reconciliations.

  Advisory and Consulting Support

  • Supports HC and employees with benefit and policy queries.
  • Ensures that escalated queries from the centre of service or HC are resolved by engaging with relevant stakeholders.
  • Focuses on education, strong communication and creating understanding of practice areas for all stakeholder groups (internal and external) including communities of practice.
  • Build communication and engagement tools for employees and prospective employees to understand and experience the benefit proposition.

  Systems, tools and analytics

  • Provide the reporting and analytics in partnership with People Data Analytics or within practice.

  • Participation and submission of survey information and benchmarking of external practices on benefit policies.

  • Workday Benefits and Absence modules and successful implementation, data input and administration.

  Requirements: Skills, Qualifications and Experience required

  Qualification and experience:

  • B.Degree, preferably B Comm/ financial degree
  • Global Remuneration Professional (GRP) is advantageous
  • SARA Accreditation as a Reward Specialist/ Analyst.
  • 2-3 years’ benefit administration experience

  Technical Competencies

  • Demonstrated understanding of local and international best practices.
  • Highly numerate.
  • Strong excel
  • Understanding of regulatory requirements & legislation (e.g. BCEA, Labour Relations Act, Tax Act, King Code, Companies Act, applicable local legislation)
  • Demonstrated experience in administration and analysis.

  Behavioral Competencies

  • Agile mindset and responsive to quick delivery and turnaround
  • Strong ability to collaborate both internally and externally. Has significant external networks of beneficial relationships within the Reward field.
  • Strong written and verbal communication and presentation skills.
  • Places the customer first and strives to deliver high quality reward solutions to the business.
  • Has high-energy and is resilient to change and challenges.
  • Strives to continuously grow in technical ability.
  • Self-driven and thrives in high change environments.

  The role requires benefits specialist to the support the employee benefits portfolio for Old Mutual Group. The portfolio covers all benefit funds (retirement, risk cover and medical aid, absence policies and other employee benefits).

  Responsibilities

  Compensation and Benefits Program Design

  Contribute to the design and delivery of employee compensation structures and benefit programs; deliver elements of the technical design; provide financial, market, and legal analysis and insights; draft internal management proposals and reports.

  Incentive Program Design

  Design and manage the implementation of employee incentive programs; identify and respond to the needs of internal stakeholders; clarify the financial, business performance, and behavioral parameters that are to be met; ensure compliance with external legal requirements.

  Executive Reward Program Design

  Support the design and delivery of executive compensation programs, providing relevant internal financial analyses, analysis of external practice, and commentary on regulatory developments.

  Annual Pay and Benefits Review

  Support the delivery of the annual review; provide relevant payroll, market pay, and employee engagement analyses and insights; draft employee communications and management briefings; prepare line-management decision-making tools.

  HR Data Management

  Contribute to the development and testing of HR data collection forms or questionnaires in a specific area of expertise to ensure the collection of relevant data in line with defined requirements.

  Leadership and Direction

  Communicate the local action plan; explain how this relates to the function's strategy and action plan and to the broader organization's mission and vision; motivate people to achieve local business goals.

  Performance Management

  Develop and propose own performance objectives; take appropriate actions to ensure achievement of agreed objectives, using the organization's performance management systems to improve personal performance. Or manage and report on team performance; set appropriate performance objectives for direct reports or project/account team members and hold people accountable for achieving them, taking appropriate corrective action where necessary to ensure the achievement of team/personal objectives.

  Organizational Capability Building

  Use the organization's formal development framework to identify the team's individual development needs. Plan and implement actions to build their capabilities. Provide training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.

  Budgeting

  Deliver a budget for an area of the organization or conduct complex analyses on budget progress in other areas of the organization.

  Policy Development and Implementation

  Help develop procedures for an area of the organization and monitor their implementation.

  External Consultant or Contractor Engagement

  Prepare briefings and information for external consultants or advisers to support the delivery of key projects and/or ad hoc services. Monitor and evaluate outcomes and recommend remedial actions where necessary.

  Skills

  Competencies

  Balances Stakeholders

  Business Insight

  Communicates Effectively

  Ensures Accountability

  Financial Acumen

  Manages Complexity

  Plans and Aligns

  Tech Savvy

  Education

  Bachelors Degree (B) (Required)

  Closing Date

  19 February 2025 , 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.

  Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

  All prospective employees are required to disclose their vaccination status as part of the recruitment process.

  Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

  The Old Mutual Story!

• About the company

  Old Mutual Limited is a pan-African investment, savings, insurance, and banking group.

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