Management Remuneration and Incentives Manager (PG 11/12) (Bellville) (Rerun)

Date: 29 May 2025

Location:

Bellville, Western Cape, ZA

Company: Sanlam Group

Who are we?

Sanlam is dedicated to supporting, growing, and empowering clients with affordable, easy, and suitable solutions, primarily through face-to-face intermediary channels, but also directly. We have approximately 2,000 tied advisers and 2,000 supporting independent brokers, all dedicated to meet the financial needs of our clients. Our vision: We aspire to be the best at building enduring relationships by connecting clients with Sanlam. We create sustainable value by attracting new clients, supporting ongoing client engagement, and providing adaptive solutions designed to answer life’s financial questions. ULTIMATELY, WE EMPOWER PEOPLE TO BE FINANCIALLY CONFIDENT, SECURE AND PROSPEROUS.

What will you do?

The role is primarily responsible to ensure the effective delivery of both the sales management remuneration and incentives functions within SanlamConnect.

What will make you successful in this role?

Serve on the REMS Manco to provide operational leadership
Undertake ongoing evaluation of existing incentive and remuneration models to assess their effectiveness
Initiate new or adjusted remuneration/incentive models or policies to enable improvements or fulfil new business requirements
Undertake collaborative consultations across the business (including at an Executive level) to undertake new policy development
Drive implementation of new/adjusted remuneration and incentives models.
Undertake the annual review of selected models
Monitor and ensure the correct monthly remuneration payments and incentive results.
Liaise with applicable GMs, REs and RGMs to construct remuneration offerings to new appointments, customise individual models to address unique situations.
Oversee processes, enhancements (including automation) and risk mitigating actions
Have oversight of the application of portfolio management principles to ensure national parity.
Oversee recommendations to GMs re. income guarantees, adjustments, exceptions, etc.
Resolve escalated high-level queries and complex situations where needed.
People management
Expense management
Stakeholder Relationships.

Qualification and experience

Grade 12
3-5 years financial services/distribution experience
3-5 years’ experience in management remuneration and incentives, campaigns and awards field

Knowledge and skills

IT:

MS Office (Excel, Word, Powerpoint)
MS Teams, MS Outlook
SDH platform
On Demand
Content Manager
SanPay
Psiber

Business:

Financial Services Industry Knowledge
SC Strategic intent, pillars, focus, direction
Deep understanding of remuneration and incentive/rewards principles and modelling
Offer and employment contract knowledge
Basic understanding of LTIA, FSCA, POPIA, TAX, FAIS etc
Brand and corporate identity protocols
Project and resource management
Understanding of HR policies and Procedures
Performance/People management
Risk Management
Budgets and expense/financial management (incl. Approval Framework)
Business metrics and measurements and reporting

Core competencies

Cultivates Innovation
Client Focus
Drives Results
Collaborates
Flexibility and Adaptability

Personal attributes

Attention to detail/quality orientation
Problem solver
Relationship builder
Plan/schedule work effectively
Conceptual thinker
Creative and adaptable
Collaborator
Good communication skills
Sound negotiation and influencing skills
Political and organisational savvy

Turnaround time

The closing date for applications is the 27th of May 2025.

The recruiter reserves the right to withdraw the advertisement prior to the closing date or to allow further applications to be submitted after the closing date indicated.
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Our commitment to transformation

The Sanlam Group is committed to transformation and embracing diversity and our employment equity plan and targets will be considered as part of the recruitment process. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.