Senior Executive Compensation Consultant, Human Resources

Job Description

Permanent Full Time

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Position Overview

The Senior Consultant, Executive Compensation is responsible for developing and delivering compensation arrangements and solutions for executives across several of the company's major business segments and functional groups, and for supporting the development and implementation of executive compensation policies, programs and practices. This position plays a significant role in arriving at strategic compensation decisions that respond to business and talent needs by providing comprehensive advice and expertise at all stages of the employee lifecycle, informed by research and analysis, modelling, and collaboration with internal stakeholders.

Key Accountabilities

Contributes to strategic initiatives in Canada or that span multiple company jurisdictions (including the U.S. and Europe) aimed at developing or enhancing executive total rewards programs, including short-term and long-term variable incentive plans and processes, that are market competitive, sustainable and aligned to evolving business needs.
Develops modelling, simulations and analyses related to executive compensation program design, including cost analyses and projections.
Manages the annual base salary and incentive compensation review cycles for executives, in collaboration with systems teams and other Human Resources stakeholders, by applying disciplined project management, providing insights and recommendations, and devising solutions to meet all deadlines and deliverables and drive a positive employee and stakeholder experience.
Develops compensation recommendations for individual executive arrangements as part of off-cycle reviews, promotions, new hires, special assignments, etc.
Contributes to the preparation and validation of executive compensation exhibits for senior management and board of directors meeting materials, external disclosure, and regulatory filings.
Develops compensation statements, communications, training materials and presentations; proactively promotes awareness and understanding of executive compensation policies and programs.
Drives efficiency and effectiveness through continuous process improvement, automation, innovation and streamlining of executive compensation processes and tools.
Collaborates on the integration and alignment of compensation programs and processes with other areas in Human Resources, such as benefits and pension, performance management, talent acquisition and talent development.
Builds and fosters trusted relationships by providing expert and value-add advice, direction, options and recommendations; acts as a team knowledge resource and contributes and supports discussions and solutions development with colleagues.
Proactively leverages external networks and market data to provide the business with competitive information, keeping abreast of market trends and industry developments.
Works in partnership with Human Resources and business leaders to maintain / manage internal equity through job evaluation, job architectures and other related tools.
Collaborates on the enhancement, maintenance and/or development of compensation and job evaluation administration systems and equity-based compensation administration platforms.
Contributes to broader team priorities and key activities and initiatives as required.

Qualifications and Competencies

University degree in Human Resources, Business, Finance / Accounting or a related field.
3-5 years of progressive related experience; direct experience in a compensation role is preferred.
A Certified Compensation Professional (CCP) or Certified Human Resources Leader (CHRL) designation or comparable certifications is preferred.
Excellent analytical skills - must be able to analyze and interpret complex information; demonstrated ability to understand, organize, and make sense of data and develop reports; is inquisitive and aims to understand the "story behind the numbers."
Advanced skills in Microsoft Excel required, including working knowledge of formulas, "vlookups", pivot tables and other functions; enjoys working with spreadsheets.
Strong skills in numeracy, mathematics an asset.
Proficient in Power Point and Word.
Demonstrated ability to work collaboratively with peers, and able to build strong networks within the total rewards community (internally and externally) to ensure up-to-date knowledge of emerging market trends; also able to work independently and take initiative.
Results oriented with strong organization and time management skills.
As this position is posted in several locations, we specify that bilingualism is an asset (fluent in French and English) but is required for Quebec only as the position will regularly serve our clients with French and English-speaking needs.

Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: Toronto, London, Winnipeg or Montreal.

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The base salary for this position is between $63,500 - $117,400 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Canada Life- Apply today!

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You're part of a diverse and inclusive workplace where your career and well-being are championed. You'll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

Together, as part of a great team, you'll deliver on our shared purpose to improve the well-being of Canadians. It's our driving force. Become part of a strong and successful company that's trusted by millions of Canadians to do the right thing.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we're one of Canada's leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact .

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.