Compensation Manager

5 months ago

Toronto, Canada Superior Propane Full time
Superior Propane

Compensation Manager

From the open road to the boardroom, we offer diverse career opportunities from coast-to-coast.

General Information

Location: Toronto, Ontario, Canada

Business Unit: Superior Plus

Department: Superior Plus

Date published: 11-Jun-2024

Ref #: 3464

Description and Requirements

As the Compensation Manager for Superior Plus, you will provide extensive support in the design, management and administration of executive compensation programs and procedures. Working with HR teams and senior business leaders across the business, you will support the development and delivery of executive and broad-based compensation programs. You are a highly analytical thinker and possess meticulous attention to detail, in addition to expertise in stakeholder management and delivering thoughtful insights derived from complex data.

What we will offer you:

Culture: Join a supportive and inclusive work environment where teamwork, respect, and open communication are at the core of everything we do. Opportunity: A continuous focus on professional development with many opportunities for training & career growth. Health & Wellness: Competitive health benefits right from the start including health & wellness spending accounts & maternity leave top-up. Access our employee assistance program for confidential counseling, mental health support, and various resources to help you navigate life’s challenges. Competitive Compensation: We offer a highly competitive salary package, ensuring that you hard work and dedication are recognized and rewarded accordingly. Flexibility: We understand the importance of work-life balance, we offer flexible hybrid work options to help you manage your personal and professional commitments. Technology: Work with state-of-the-art tools and technologies that empower you to excel in your role and stay at the forefront of industry trends. Safety Focused: We care about you and have committed to a zero-harm workplace.

What you’ll do:

Partner with Senior Leadership and HR business partners (including Total Rewards) 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. Collaborate cross-functionally to prepare pay disclosure content for the company’s Annual Report and Management Information Circular. 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.

What you bring:

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 (i.e.

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