Compensation and Benefits Specialist

4 months ago

Mississauga, Canada Magellan Aerospace Full time

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. At Magellan we have over 80 years of collective knowledge and experience in the aerospace industry, and believe one truth: People create value.

Employees are our greatest resource in working towards a successful future, and together we build professional relationships that thrive. We know that personal development is fundamental to the success of every individual and invest in our employees.

When you are part of Magellan, you are part of the team

Position Summary

Magellan Aerospace, Corporate has an exciting opportunity for a full-time permanent Compensation and Benefits Specialist. In this global and wide-scope position, the individual will play a key role in carrying out, administrating and providing guidance on different aspects of the Corporate compensation programs. These programs will include and not limited to: variable pay, retirement plans, health benefits, EAP, special allowances, and others.

Being involved from administrative to strategic level, the incumbent will work closely with the Total Rewards Manager and divisional HR departments, towards standardization and compliance of all 18 global facilities to the relevant legislative requirements and Corporate standards.

Essential Responsibilities

Work in a team with the Manager, Total Rewards and other members of the HR team to accomplish strategic goals set by the company executive officials

Coordinate with Magellan’s divisional HR departments on global projects and initiatives, cascading communication and compiled reporting

Subject Matter Expert on Canadian and US pension plans (DCPP, DBPP, 401 (k), 409 (a)), as well as Canadian and US medical benefits

Communicate with pension and benefits vendors on regular basis, staying up to date with plan amendments, system updates and pending regulatory requirements

Responsible for external and internal reporting related to total rewards

Co-ordinate external audit processes and reporting on registered and non-registered pension plans for divisions in North America

Provide guidance, training and support to Magellan’s global HR personnel on inquiries regarding Magellan’s compensation and benefit plans

Maintain an up-to-date HRIS and Success Factors super-user

Carry out HR Generalist duties related to compensation for Magellan Corporate Office employees

Process compensation changes for Management and Executive level employees

Verify and process invoices from pension and benefits carriers, coordinating with Accounts Payable

Position Requirements

University or College degree in Human Resources, Business Administration or other relevant discipline

Ontario Canadian Pension Certificate Program (CPBI), or certified Employer Benefits Specialist (CEBS) is considered an asset

Strong experience in pension and benefits administration, external reporting and audits

Strong empirical skills; Communication; Critical Thinking and Problem Solving

Why Magellan?

Competitive salary

Attractive benefits package (fully Company paid)

Generous Company pension plan

Positive work-life balance

Excellent career progression opportunities

Employee Assistance Program

On-site gym

Free parking

Confidentiality

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