Executive Compensation Consultant

6 months ago

Toronto, Canada Manulife Full time

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

**Working Arrangement**

Hybrid

**The opportunity**

The Global Performance & Rewards Centre of Expertise is responsible for developing strategies, policies, programs and implementation guidelines related to performance, compensation, pension, benefits and wellness to ensure Manulife’s ability to attract, engage and retain talent worldwide. Global Performance & Rewards works closely with HR Business Partners, shared services, other functional areas, and senior leaders and managers in the delivery of programs worldwide. Global Performance and Rewards also plays a key role in program governance, compliance and reporting and consults to senior management and the Board on global performance and rewards matters.

The primary focus of this role is to provide support to the Executive Compensation team. Activities undertaken may include market studies to determine the competitiveness of pay programs, researching prevalent executive compensation practices and conducting benchmarking analyses amongst Manulife's peers, quantitative and qualitative analysis of executive compensation policies and practices, and contributing to recommendations for the senior executives' annual compensation review.

Reporting to the VP, Executive Compensation, this position will work in collaboration with other members of the Global Performance & Rewards teams in managing executive compensation programs, compensation policy, governance and disclosure initiatives, including:
**Responsibilities**
- Researching prevalent executive compensation practices and conducting benchmarking analyses amongst Manulife's peers
- Developing and drafting recommendations in the design, development, and implementation of executive compensation programs.
- Preparing analyses and scenario testing that demonstrate the pay-for-performance alignment of Manulife's compensation programs
- Preparing materials for Management Resource and Compensation Committee meetings
- Ensuring the effectiveness of compensation programs through relevant communication to executives
- Contributing to recommendations for the senior executives' annual compensation review
- Ongoing management of external governance interventions including OSFI, FSB, CCGG, Basel Accords and other governance issues, to ensure Manulife remains at the forefront of disclosure and governance, compliance and disclosure best practice in Canada
- Working with VP, Executive Compensation, Corporate Secretary and corporate lawyers to prepare the executive compensation section of Manulife's proxy circular consistent with regulations and best practices
- Act as the Global Performance & Rewards liaison with Compliance/Audit/other control functions
- Overseeing the various compensation audit and compliance processes
- Leveraging external networks to stay abreast of emerging market trends and raise implications at an early stage to senior management
- Documenting our global total rewards policies and maintaining an online policy database
- Supporting survey reviews, peer reviews and other compensation projects

**What motivates you?**
- You obsess about customers, listen, engage and act for their benefit.
- You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
- You thrive in teams and enjoy getting things done together.
- You take ownership and build solutions, focusing on what matters.
- You do what is right, work with integrity and speak up. You share your humanity, helping us build a diverse and inclusive work environment for everyone.

**What we are looking for**
- University degree
- 2-3 years executive compensation experience with a strong understanding of executive compensation principles and issues
- Strong aptitude for numbers, with a high level of accuracy and attention to detail
- Excellent written and verbal communication skills
- Excellent influencing and negotiation skills
- Proven project and relationship management skills
- Strong time management skills with the ability to seamlessly move between changing priorities
- Proficient in Excel, Word and Powerpoint Certified Compensation Professional designation would be an asset

**What can we offer you?**
- A competitive salary and benefits packages.
- A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
- A focus on growing your career path with us.
- Flexible work policies and strong work-life balance. Professional development and leadership opportunities.

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