Compensation Manager

About Our Client:

Our client is one of North America’s leading owners, operators, and developers of premium shopping centres and mixed-use real estate, known for landmark urban properties and institutional-scale assets.

Location:

Toronto, ON. 4 days/week in office

The Opportunity:

The Manager, Compensation serves as a subject matter expert responsible for the development, implementation, regulation and administration of all compensation programs, policies and processes. This role ensures the compensation frameworks are competitive, equitable and aligned with business objectives and values. This includes executing and managing all cash compensation programs and delivering on a job evaluation framework to ensure fair internal equity and consistency. Concurrently, the role will also lead and manage the job architecture framework as well as be responsible for external benchmarking and market pricing.

The role reports to the Senior Director, Total Rewards and Systems and is required to be in the Toronto, Ontario office a minimum of 4 days a week.

Responsibilities:

• Manage and execute on the organization’s compensation philosophy, strategy, and programs, including base pay, variable pay (bonuses, incentives), and long-term incentives. This includes leading the annual compensation review process (merit, profit sharing and short-term incentive programs) ensuring accurate and timely execution.
• Manage technology solutions to successfully execute compensation programs, and accurately track and report on relevant compensation information. This includes mapping corporate structure, identifying and testing workflows, updating administration document/authorizations/communications, validating worksheets by troubleshooting with end-users, formatting and importing performance and bonus records, processing annual salary increases and ensuring the accuracy of compensation data.
• Prepare overall summaries and ad-hoc reports for board meetings on total compensation rewards. Reconcile and adjust any discrepancies between recommendations and actual payout.
• Conduct market research and benchmark analysis to ensure the organization’s compensation programs remain competitive and aligned with industry standards.
• Lead job evaluation process using Mercer IPE methodology, ensuring equitable and consistent outcomes.
• Ensure all compensation programs comply with provincial regulation such as Pay Equity and minimum wages.
• Provide analytical and consultative support to all levels in the organization on initiatives and inquiries relating to compensation programs.
• Collaborate with HR Business Partners and senior management to provide compensation expertise and support major business initiatives.
• Support the design, build and execution of a data based actionable insights to the business.
• Review and administer quarterly and annual people metrics reporting.

Scope of Responsibility:

• Provide advisory and analytical related services to all levels of the organization.
• Partner with HRBP team on program execution including monthly job evaluation process.

Required Skills and Knowledge:

• Strong working knowledge of compensation principles, practices and theories including job evaluation methodologies and market pricing.
• Strong knowledge of Canadian payroll legislation, tax regulation and reporting requirements.
• Proven analytical and quantitative skills with demonstrated ability to provide high level summaries, recommendations and reports for management decision making. Strong problem solving skills with acute attention to detail.
• Advanced proficiency in MS Office Excel and MS Word.
• Experience with HRIS and HRIS reporting and payroll.
• Ability to understand and analyze HR data using HRIS systems and other tools.
• High level of integrity, discretion and ability to handle confidential information.
• Excellent written and verbal communication skills. Ability to express compensation and payroll concepts, terms and related information in a succinct, understandable and professional manner.
• Good project management and change management skills, with track record of deliver desired results. Demonstrated continuous improvement skills.
• Highly organized with ability to prioritize multiple demands and work under pressure to meet deadlines, with minimal supervision.
• Strong people leadership skills including direction setting, coaching and development and managing performance.
• Excellent interpersonal and relationships building skills.

Education and Experience:

• Undergraduate degree, preferably in Human Resources, Business Administration, Finance or a related field.
• Minimum of 7 years of progressive experience in compensation and payroll, with at least 2 years in a leadership or management role.
• CHRP, CCP, CPA designations an asset.
• Experience engaging and leading teams to deliver desired business outcomes.
• Strong knowledge of job evaluation methodologies, salary surveys and compensation benchmarking.
• Proven experience managing end-to-end payroll operation.
• Experience developing statistical and analytical reports an asset.
• Advanced MS Office skills or Google equivalent, compensation modeling ability and project management experience.
• Ability to understand and analyze HR data using HRIS systems and other developed reports.

AI Disclosure:

AI will not be used in the recruitment process.

Vacancy Disclosure:

This is an existing position.

Summit Search Group is a fair and equitable search firm. We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the recruitment and selection process.