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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 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.

Job specification:

An exciting opportunity has become available for a Remuneration Manager within the Channel Finance team within the Old Mutual Personal Finance business unit. This role has accountability for the design implementation and ongoing management of the remuneration and incentive component within the Personal Finance (PF) Sales and Distribution channels.

Key focus of the role:

The incumbent is individually accountable for achieving results through other managers and their teams, over periods of 1 to 2 years. This role will provide exposure to senior management and will require you to partner closely with a range of teams across Personal Finance, including... distribution channels, strategy, operations, etc. The individual will also assist the Channel Finance team in keeping accounting processes current and up to date - aligned to IFRS.

Role Description:
• Designing future fit remuneration and incentive models to achieve the strategic objective of PF supported by field research and market insights and ensuring legislative compliance
• Implementing the entire adviser and management remuneration component for the Personal Finance channel segment
• Help ensure that the incentive models assist in meeting the short and medium term goals of the Channels
• Regular analysis and reporting of how the rem and incentive payments compare to the expectations/models
• Managing and reviewing financial modelling in line with overall channel economics and are supported by the income models
• Regular and effective reporting on incentives and analysis/review of the return being achieved
• Ongoing collaboration with various stakeholders across Personal Finance to align with the business strategy
• Ensure good governance regarding the operation of the required remuneration committee’s
• Incorporate the launch of new products/services into remuneration structures and processes.
• Identifies areas of the business where inefficiencies may occur and provide recommendations
• Assisting the business in conducting reward and incentive presentations, and addressing queries
• Delivering presentations tailored to meet the understanding of the target audience

Personal Attributes
• Analytically minded
• Ability to work on a wide range of deliverables at once
• Strong communication skills – both written and verbal
• Strong interpersonal skills and building relationships across multi discipline functions
• Tenacity when dealing with senior stakeholders
• Business acumen/commercially focused
• Self-starter
• Influencer

Job Requirements
• Commercially minded Qualified Charted Accountant/Actuary
• Preferably has a proven track record/experience as a Remuneration/Reward Specialist or Manager in a Life Insurance Retail business
• Project and Change Management experience required
• Must be willing to do occasional travel within South Africa
• Applicant must have a minimum of 5 years financial industry working experience
• Strong Analytical skills
• Knowledge of Excel and PowerPoint preferable

• Collaboration (Relating)
• Customer First
• Execution
• Innovation (Perspective)
• Leading with Influence
• Personal Mastery (Learning)
• Strategic Planning
• Tactical Strategy
• Process Efficiency
• Strong Business Acumen



Closing Date

20 May 2024

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
South Africa


Apply - Remuneration Manager South Africa