Equity Compensation Specialist
2 days ago
The Equity Compensation Plan Administrator plays a critical role in supporting the Corporate Secretary in administering all of Magna's equity-based compensation plans for the Board of Directors, senior leaders, and other employees. This position is responsible for the day-to-day administration of executive stock options and performance stock units, as well as handling restricted stock units for non-executive employees.
Key Responsibilities- Execute the transition from Excel-based equity compensation processes to a third-party platform.
- Administer executive stock option and performance stock unit grants, exercises, redemptions, and cancellations.
- Handle non-executive employees' restricted stock unit grants, redemptions, and cancellations.
- Coordinate with payroll, tax, HR, legal, and other personnel in connection with the above responsibilities.
- Provide general compensation forecasting and analysis.
- University degree in a relevant field.
- At least 3 years of work-related experience.
- Attention to detail and ability to handle multiple tasks.
- Excellent communication skills (verbal and written).
- Highly organized and efficient in managing workload.
- Collaborative team player with the ability to work independently.
- Familiarity with stock-based compensation terms and concepts.
- Experience in compensation forecasting and administration.
- Proficiency with Excel and third-party tech platforms such as Global Shares/ShareWorks.
Magna is a mobility technology company that develops innovative solutions for the automotive industry. We are committed to creating a diverse and inclusive work environment that values our employees' contributions and growth.
What We OfferAt Magna, you can expect a dynamic and engaging work environment with opportunities for professional growth and development. We offer a range of benefits, including a hybrid work policy, wellness programs, and access to on-site amenities.
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