✨ Our 2026 Hiring Report is out — see what 146,050 job postings say about getting hired.

Read the report →
JOB DETAILS

Senior Remuneration Specialist: TGP and Allowances

CompanyOld Mutual Limited
LocationJohannesburg
Work ModeOn Site
PostedSeptember 14, 2026
About The Company
Old Mutual Limited is a premium pan-African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. We have been helping our customers achieve their lifetime financial goals for over 170 years by investing their funds in ways that create positive futures for them, their families, their communities and broader society. In this way, we significantly contribute to improving the lives of our customers and their communities while ensuring a sustainable future for our business. We employ more than 30 000 people and operate in 14 countries across two regions Africa (South Africa, Namibia, Botswana, Zimbabwe, Kenya, Malawi, Tanzania, Nigeria, Ghana, Uganda, Rwanda, South Sudan and eSwatini) as well as Asia (China) So why work here? We believe you can shape the future with us – a future where we build a better Africa together. That’s why we’re committed to creating opportunities that will give you an edge on the rest. Once you’re part of our team, you will have access to the best breed of advice, tools and frameworks that will equip you to be your exceptional best. #MomentsThatMatter
About the Role

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 Remuneration Specialist is responsible for the development, maintenance, governance, and analysis of remuneration and allowances frameworks across the organisation. The role provides specialist reward expertise to support competitive and equitable pay practices, collective bargaining processes, remuneration policy development, legislative reporting, and reward-related projects.

The incumbent will drive salary benchmarking, pay structure development, remuneration modelling, governance, and support system implementation initiatives while ensuring compliance with applicable legislation and internal policies.

Key Result Areas:

Total Guaranteed Pay (TGP) Management

Benchmarking

  • Coordinate participation in remuneration and benefits surveys.

  • Manage salary survey submissions and ensure data accuracy.

  • Analyse market trends and remuneration movements.

  • Maintain relationships with remuneration survey providers and industry forums

  • Conduct external salary benchmarking and remuneration market analysis.

  • Develop, maintain, and review salary structures, paylines, and remuneration frameworks.

Annual remuneration Review

  • Develop and execute increase mandate modelling and affordability analysis.

  • Support the development and maintenance of job grading and benchmarking.

  • Produce remuneration reports and insight for leadership decision-making.

  • Conduct pay equity and remuneration competitiveness assessments.

  • Provide support for annual remuneration review processes.

  • Develop negotiation packs and financial impact assessments.

  • Provide reward analytics and insights for union negotiation discussions.

Allowances Management

Design and Review

  • Support the design, implementation, and review of employee allowance frameworks.

  • Conduct market benchmarking of allowances and related benefits.

  • Evaluate business requirements and recommend allowance structures.

Governance and Compliance

  • Monitor allowance governance and policy adherence.

  • Review allowance utilisation and associated costs.

  • Ensure allowance practices remain compliant with regulatory and internal requirements.

Reporting and Analytics

  • Prepare allowance-related reports and trend analyses.

  • Monitor market competitiveness and cost effectiveness.

  • Provide recommendations based on utilisation and benchmarking outcomes.

Systems and Policy Support

  • Support the implementation of allowances within HR, Workday and payroll systems.

  • Update and maintain allowance policies and procedures.

Other related responsibilities

  • Coordinate and submit statutory remuneration reporting requirements, EA4 submission.

  • Provide remuneration support during mergers, acquisitions, and organisational restructuring activities.

  • Support remuneration structuring for external hires and internal appointments.

 

Requirements: Skills, Qualifications and Experience required

Qualification and experience:

  • Bachelor’s Degree preferably Business or technical degree e.g. Bachelor of Commerce.

  • Remuneration analysis and reporting background.

  • Experienced specialist with at least 5 - 7 years’ work experience (3 in a remuneration role).

  • SARA qualification is advantageous.

  • Advanced data modelling in excel

  • Reward governance and policy management

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

Bachelor of Commerce (BCom) (Required)

Closing Date

20 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.

The Old Mutual Story!

Key Skills
Remuneration analysisData modellingSalary benchmarkingGovernancePolicy managementExcelWorkdayPayroll systemsRegulatory complianceChange managementPerformance managementOrganizational designHuman capital managementStrategic mindsetStakeholder management
Categories
Human ResourcesFinance & AccountingManagement & LeadershipData & Analytics
Job Information
📋Core Responsibilities
The Senior Remuneration Specialist is responsible for developing and maintaining remuneration frameworks, including salary benchmarking, pay structure design, and allowance governance. The role also provides analytical support for collective bargaining, legislative reporting, and system implementation to ensure equitable and competitive pay practices.
📋Job Type
full time
📊Experience Level
5-10
💼Company Size
18625
📊Visa Sponsorship
No
💼Language
English
🏢Working Hours
40 hours
Apply Now →

You'll be redirected to
the company's application page