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Compensation Manager

2 months ago

Toronto, Ontario, Canada Superior Propane Full time
About the Role

We are seeking a highly skilled Compensation Manager to join our team at Superior Propane. As a key member of our HR department, you will play a critical role in designing, managing, and administering executive compensation programs and procedures.

Key Responsibilities
  • Partner with Senior Leadership and HR business partners to understand business objectives and translate them into effective compensation solutions.
  • Support the preparation of materials for monthly Executive Leadership and quarterly scheduled Board meetings throughout the year.
  • Liaise with external consultants and research public filings as needed to obtain understanding of market trends relating to executive compensation programs and structures.
  • Assist in the preparation of presentations and analyses for executive audiences, outlining results, trends, and costings.
  • Support the delivery of the annual compensation program for the Executive Leadership team and ad-hoc executive compensation projects.
  • Lead ongoing enterprise education and support with respect to compensation programs, policies, and processes that will drive maximum impact and value.
  • Maintain recordkeeping and update inventory of Executive Employment Agreements and other plan documents relating to executive compensation.
  • Equity compensation:
    • Managing the annual grant process, including planning, communication, and execution.
    • Administering equity compensation programs, including PSUs and RSUs.
    • Liaising with Legal, Finance, and payroll teams to ensure accurate tax withholding, reporting, and accounting for equity transactions.
    • Administration of equity and employee share purchase plans, including liaising with the external transfer agent and using their systems to manage employee equity awards and share ownership.
  • Incentive plans:
    • Support the design and implement short-term and long-term incentive plans that drive company performance and align with strategic objectives.
    • Conduct ongoing evaluation and analysis of incentive plans to ensure effectiveness and competitiveness.
    • Collaborate with senior leadership to set performance metrics and targets.
    • Manage the annual incentive plan cycle, including target setting, accrual process, performance assessment, payout calculations, and communication, working closely with the Finance team.
    • Monitor regulatory changes and ensure compliance with all relevant laws and regulations governing executive compensation.
    • Confirm data accuracy and maintains appropriate controls for audit verification.
    Requirements
    • Bachelor's degree or equivalent experience and education.
    • Minimum of 5 years of experience in compensation analysis, with a focus on executive and equity compensation.
    • Deep understanding of executive compensation principles, practices, and regulations.
    • Data expertise: aptitude and familiarity with various sources of compensation data, including information circulars, other public filings, and published surveys.
    • Strong communication skills: clear, concise, and influential in all aspects of communication and ability to comfortably handle the room at the highest levels of the organization.
    • Sound analytical skills: ability to decipher moderately complex data sets and deliver recommendations and insights.
    • Proven ability to build and maintain effective relationships with senior leaders, HR colleagues, and external partners.
    • A problem-solving mindset: ability to demonstrate the fundamentals of defining a problem, conducting thorough analysis, and building clear recommendations.
    • Demonstrate leadership and project management skills, with the ability to drive initiatives to successful completion.
    • An affinity for fast-paced, continuously changing, dynamic environments.
    • Proficiency with Microsoft Office or equivalent tools.
    Preferred Skills
    • Experience in a publicly traded company in Canada.
    • Experience with equity administration platforms.