Senior Manager/Director Compensation

Mackenzie Financial Corporation•Toronto, ON

13d•CA$142,500 - CA$178,500•Hybrid

About The Position

Within the Human Resources Department of IGM, the Compensation team supports the company and its business units to attract, engage, and retain top talent by ensuring competitive compensation packages are offered and excellence in performance is rewarded. The team has overall responsibility for the design, implementation, and administration of all corporate and specialized incentive compensation programs at Mackenzie Investments. As a valued member of the Compensation team your core responsibilities will include: Overall Compensation Consultation for the Asset Management Business: Provide expert advice to HR Business Partners on compensation decisions and impacts related to the Asset Management business Work with the compensation team on corporate compensation matters e.g. salary structure, year end annual compensation cycle Special Compensation Program Management: Lead the development and design of IGM’s sales compensation programs supporting the Asset Management businesses. You will: Work closely with senior leaders and key stakeholders in understanding the strategic priorities and financial impacts of the compensation plans Provide innovative and effective compensation solutions that drive the right behaviours of the sales and investment management team and achieve success in key business metrics Provide SME advice and counsel in managing the compensation plans on an ongoing basis Responsible for the implementation and administration of the sales compensation plans including: Lead a team of compensation professionals that manage the execution of the specialized incentive plans Working with key business stakeholders including senior leaders, investment management team and the sales team in the management of the compensation plans including regular communication, reporting, and analysis Manage the partnership with key stakeholders in the calculation process including members of the Compensation, Finance and Sales Analytics teams to ensure the commissions are managed within a timely, accurate and efficient process Manage the partnership with technology in the continued development and improvement of the Specialized Incentive Plan Tool which is the system that calculates, reports and forecasts incentives for the Investment Management business line.

Requirements

7-10 years of progressive/relevant business experience in employee compensation
University degree in business administration or related disciplines and Compensation Professional Discipline is preferred
Strong analytical and numeric skills with the ability to interpret and communicate the data effectively
Demonstrated experience with compensation principles and concepts, including knowledge of job evaluation, pay structure, variable pay experience, pay equity legislation, annual merit budgeting, and the use of competitive pay analysis
Demonstrated experience with designing and implementing sales compensation programs
Proactive leader with proven decision-making skills and the ability to manage expectations effectively to successfully achieve multiple, competing priorities
Proven experience working with business leaders and senior professionals
The ability to produce high quality work under time pressure and to work as part of a team
Knowledge of general Human Resources practices & policies, laws and regulations as applicable to compensation

Nice To Haves

Compensation Professional Discipline is preferred

Responsibilities

Provide expert advice to HR Business Partners on compensation decisions and impacts related to the Asset Management business
Work with the compensation team on corporate compensation matters e.g. salary structure, year end annual compensation cycle
Lead the development and design of IGM’s sales compensation programs supporting the Asset Management businesses
Work closely with senior leaders and key stakeholders in understanding the strategic priorities and financial impacts of the compensation plans
Provide innovative and effective compensation solutions that drive the right behaviours of the sales and investment management team and achieve success in key business metrics
Provide SME advice and counsel in managing the compensation plans on an ongoing basis
Lead a team of compensation professionals that manage the execution of the specialized incentive plans
Working with key business stakeholders including senior leaders, investment management team and the sales team in the management of the compensation plans including regular communication, reporting, and analysis
Manage the partnership with key stakeholders in the calculation process including members of the Compensation, Finance and Sales Analytics teams to ensure the commissions are managed within a timely, accurate and efficient process
Manage the partnership with technology in the continued development and improvement of the Specialized Incentive Plan Tool which is the system that calculates, reports and forecasts incentives for the Investment Management business line.