Equity Compensation Administrator

4 days ago

Aurora, Ontario, Canada Magna International Inc. Full time
About us

We see a future where everyone can live and move without limitations. That's why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.

Forward. For all.

Group Summary

Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.

About the Role

The Equity Compensation Plan Administrator works directly for the Corporate Secretary, responsible primarily for administering all of Magna's equity-based compensation plans for Magna's Board of Directors, senior leaders and other employees. This role is also responsible for maintenance / reporting of outstanding share capital, as well as insider reporting.

Your Responsibilities
  • Execute transition from Excel-based equity compensation processes to a third-party platform.
  • Day-to-day administration of Executive stock option and Performance Stock Unit (PSU), grants, exercises/redemptions, and cancellations.
  • Handling of non-Executive employees' Restricted Stock Unit (RSU), grants, redemptions, and cancellations.
  • Coordination with applicable Payroll, Tax, HR, Legal and other personnel in connection with above.
  • General compensation forecasting and analysis.
Who we are looking for
  • University degree in relevant field.
  • 3+ years of work-related experience.
  • Attention to detail and ability to handle multiple tasks.
  • Excellent communication skills (verbal and written).
  • Highly organized and efficient in managing workload.
  • Collaborative team player with the ability to work independently.
Your preferred qualifications
  • Familiarity with stock-based compensation terms and concepts.
  • Experience in compensation forecasting and administration.
  • Proficiency with Excel and third-party tech platforms such as Global Shares/ ShareWorks.
  • Accommodations for disabilities in relation to the job selection process are available upon request.
  • Candidates will be required to complete a Criminal Records Check, and if deemed necessary, a Credit Check as part of the candidate selection process.
What we offer

At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.

Site Benefits
  • Hybrid work policy
  • Wellness programs and events
  • On-site cafeteria
  • Parking for electric vehicles
  • Access to private park for employees & their families
Awareness. Unity. Empowerment.

At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law.


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