Senior Manager, Compensation

1 week ago

Toronto, Canada Mackenzie Investments Full time
Job Description

Grade: P8

Referral Level: Level 2

Division: IGM-HR

IGM Financial Inc. is one of Canada's leading diversified wealth and asset management companies with approximately $252 billion in total assets under management. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals.

We are currently looking for a Sr. Manager, Compensation to join our IGM Human Resources department located in Toronto, Winnipeg or Montreal.

The Role

Within the Human Resources Department of IGM, the Compensation team supports the company and its business units to attract, engage, and retain top talent by ensuring competitive compensation packages are offered and excellence in performance is rewarded. The team has overall responsibility for the design, implementation, and administration of all compensation programs.

Sales Compensation Program Management:

  • Work closely with the compensation leadership team in the development and design of IGM’s sales compensation programs supporting the Asset Management and Wealth Management businesses.
  • Lead the implementation and administration of the sales compensation plans including:
    • Working with key business stakeholders including senior leaders and the sales team in the management of the compensation plans including regular communication, reporting, and analysis.
    • Elevate the sales team and sales leaders’ understanding of the compensation plans to ensure it successfully drives behaviours and achieves key performance metrics.
    • Work with key stakeholders in the calculation process including members of the Compensation, Finance and Sales Analytics teams to ensure the commissions are managed within a timely, accurate and efficient process.
  • Lead the collaboration with technology and compensation team in the continued development and improvement of the Specialized Incentive Plan Tool.
  • Provide expert advice to HR Business Partners on compensation decisions and impacts related to the Asset Management and Wealth Management businesses.

Team Leadership

  • Provide operational guidance to other members of the Compensation team.
  • Contributes to strategic planning activities by:
    • Identifying opportunities for operational efficiencies and make recommendations for improvements.
    • Establish practices and procedures for new processes, working with the compensation leadership team and other HR partners to ensure successful implementation.

Qualifications:

  • 5-7 years of progressive/relevant business experience in employee compensation.
  • University degree in business administration or related disciplines and Compensation Professional Discipline is preferred.
  • Strong analytical and numeric skills with the ability to interpret and communicate the data effectively.
  • Demonstrated experience with compensation principles and concepts, including knowledge of job evaluation, pay structure, variable pay experience, pay equity legislation, annual merit budgeting, and the use of competitive pay analysis.
  • Proactive leader with proven decision-making skills and the ability to manage expectations effectively to successfully achieve multiple, competing priorities.
  • Proven experience working with business leaders and senior professionals.
  • The ability to produce high quality work under time pressure and to work as part of a team.
  • Knowledge of general Human Resources practices & policies, laws and regulations as applicable to compensation.

We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted.

Mackenzie Investments is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.

Please apply by November 26, 2024.

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