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Senior Executive Compensation Analyst
3 months ago
Every WestJet journey has the potential to enrich lives; a career with us is no exception.
WestJet arrived on the Canadian airline scene in 1996 and changed the industry for the better. We made air travel more affordable for Canadians and now we're going global.
Join us and love where you're going.
Remote Work:
This is a hybrid remote work position and requires collaboration at the WestJet Campus 3 days per week. This provides flexibility the remaining 40% of the work week. This hybrid work plan allows for critically important learning, collaboration and networking with our colleagues. Specific days in the office are agreed upon by the team.
Overview of role:
Reporting to the Senior Manager, Compensation, you will provide effective management of compensation programs in support of WestJet's business objectives. As a collaborative partner to People Relations, senior business leaders, recruiters, and People Services, you will be responsible for the maintenance, administration, execution, and communication of WestJet's executive compensation programs and initiatives. You will play a crucial role in liaising WestJet's leadership team with our corporate partners and legal counsel. As the primary owner of senior leader and executive compensation programs, you will lead the design and strategy, conduct market analysis and benchmarking, support the Executive Committee and Board of Directors, manage incentive plans, and ensure compliance and governance in all executive compensation matters.
What you will do:
- Serve as the trusted compensation expert for the Global Leadership Team (GLT) client group and manage the continuously evolving base, variable, and long-term pay and incentive programs.
- Collaborate with various internal and external stakeholders to ensure cohesive and integrated compensation strategies.
- Develop and implement executive compensation strategies that align with the company's business goals and market trends by preparing financial models, forecasts, and costings to establish well-informed compensation recommendations to the executive team and Board of Directors.
- Oversee the company's short- and long-term incentive programs, including the distribution of Long-Term Incentive Plan (LTIP) grants and administration of the annual compensation cycle for the Short-Term Incentive Plan (STIP) and merit increases, while ensuring incentive programs align with business objectives and key performance indicators (KPIs).
- Conduct market research and benchmarking to ensure competitive and equitable compensation practices, as well as analyzing compensation survey data to recommend salary adjustments and compensation packages.
- Provide monthly reporting updates and summaries of incentive accruals to relevant stakeholders.
- Assess and continually improve compensation-related processes to ensure consistent interpretation and administration of compensation programs.
- Lead projects to develop or redesign compensation programs in support of WestJet's growth plans.
- Stay informed about legislative requirements impacting executive compensation policies and develop action plans to ensure compliance. Ensure that executive compensation programs adhere to all applicable legal and regulatory standards, including tax laws and corporate governance guidelines. Monitor and adapt to changes in laws and regulations to maintain compliant and effective compensation practices.
- Establish yourself as a market expert by cultivating and maintaining an external network to stay informed about compensation trends and best practices within North America and the airline industry, with a particular emphasis on senior leadership and executive compensation.
- Establish control over executive agreement templates and ensure feasibility and compliance with existing Total Rewards plans.
What you need to have:
- A Bachelor's degree in a related discipline (Human Resources, Finance, Commerce).
- At least five years of related experience in managing compensation programs for all levels in a large, multi-faceted organization. Experience with both privately held and publicly traded enterprises, along with respective compensation elements pertaining to each, is preferred.
- Demonstrated ability to build collaborative working relationships at all levels of the organization.
- Demonstrated experience in program administration, communication, and implementation of executive compensation structures.
- Experience and understanding of designing various short- and long-term incentive plans including option plans and share unit plans for senior leaders and board of directors.
- Demonstrated experience in preparing and managing management proxy circulars, ensuring compliance with regulatory requirements.
- Excellent analytical and critical thinking skills, with a proven track record in completing complex data analysis and transforming it into actionable insights and strategic recommendations.
- Ability to work in a fast-paced and time-sensitive environment with great attention to detail.
- Well-developed communication skills along with tact and diplomacy to deal with sensitive matters.
- Exceptional professional acumen.
- Dedicated team player, highly organized, ability to take initiative and be independent.
- Advanced knowledge of Microsoft applications such as Excel, Word, and PowerPoint.
- Holding or working towards a CCP or CECP designation is an asset.
The benefits of being a WestJetter:
WestJet provides all WestJetters with a competitive total rewards package. On top of that, we offer:
- A fun and friendly culture with colleagues who work together to win.
- Travel privileges for you and your family, effective from your start date.
- Savings and Benefit programs that are flexible to meet your specific needs.
