SENIOR REMUNERATION MANAGER

REMUNERATION LEAD – Pretoria

Our client, a multi-national insurance operation needs to appoint a competent and skilled Remuneration Lead. Position reports to the Financial Director

QUALIFICATIONS AND EXPERIENCE

• Relevant degree ESSENTIAL
• Post graduate qualification Advantageous
• Minimum 10 years’ remuneration experience in a senior management role.
• Extensive experience in employment and compensation law.
• Tax knowledge and Knowledge of employee benefits and benefit administration (retirement, risk, medical aid).
• Experience in managing payroll and HR Systems.
• Understanding and experience in various package structures and approaches.
• Experience in managing a team

DUTIES

• Align the Remuneration and Benefits strategy with the needs of the business and integrate the core remuneration competencies and processes into organisational objectives
• Develop and implement sound remuneration strategy aimed at rewarding people fairly, equitably and consistently in accordance with their value added to the Group.
• Full end-to-end reward management including philosophy and strategy development, implementation, governance, communication, benchmarking, process and practice development, as well as the required annual cycle reviews for: o Non-executive Directors in collaboration with Group Secretary; Executive Directors; Management and general employees.
• Prepare all remuneration proposals including annual remuneration reviews for the Remuneration Committee and take responsibility for the compilation of Remuneration Committee packs.
• Assist with the recommendations by business units to the People Practices Committee and prepare the recommendations to the Remuneration Committee and the Board.
• Manage the approval of the general employee pay scales and obtain appropriate pay scales for senior management. Propose management increases based on pay scales and increase rules to the Remuneration Committee and ensure that short-term and long-term incentives are proposed in terms of the scheme rules.
• Oversee the preparation of the annual increase process.
• Review of all management’s increase, long-term incentive letters.
• Advise on package structuring and take-on arrangements for senior employees.
• Guide and manage the benefits, including service providers, rate reviews, best practice benefit offerings, benefit communication, relevant advisory committees.
• Effective management of the Groups’ payroll and administration departments.
• Report through the necessary structure to the Executive Committee, Board and Remuneration Committee on all reward, remuneration, compensation benefits and related aspects for the organisation.
• Create templates and calculation formats to equip and support Talent Acquisition with regards to recruiting the right candidate, and equipping business with the necessary templates and metrics to structure employee packages.
• Develop, lead and maintain a motivated and high performance team.

VALID DRIVER’S LICENCE

ONLY APPLICANTS THAT MEET THE ABOVE REQUIREMENTS WILL BE CONSIDERED

SALARY OFFERED TO SUCCESSFUL APPLICANT WILL DEPEND ON QUALIFICATIONS AND EXPERIENCE

Applicants who have not been contacted within 14 days should consider their applications as having been unsuccessful