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Manager, Global Compensation

Oxford Properties

This is a Contract position in Toronto, ON posted June 7, 2021.

Why join us?

Are you looking to join a dynamic pension plan that embodies the strong values of its 500,000 members and is an industry leading global investor?

If so, we would love to tell you our story.

At OMERS we put our people first and are proud to embrace the diversity of thought and leadership that comes from having locations in Toronto, London, New York, Singapore, Sydney and other major cities across North America and Europe.

Our culture is truly one of a kind.

We get stuff done, and have fun doing it We take great pride in contributing to the communities where we live with an ever-constant eye to the global investment markets.

Reporting to the Director, Global Compensation, the Manager, Global Compensation will be responsible for developing a creative and comprehensive compensation program in alignment with the business and HR strategy.

This position is responsible for supporting a complex Private Equity portfolio and providing advisory services to senior business leaders and HR business partners.

The role will also develop compensation policies and provide guidance on the implementation of compensation plans in line with industry leading practices.

Accountabilities: Responsible for conducting competitive positioning, strong and detailed technical analysis and preparing compensation recommendations that support business partners in their ability to impact strategic business decisions and drive results Lead the design and maintenance of Private Equity total compensation plans and policies to maintain market competitiveness and alignment with business strategy Accountable to present outputs and recommendations to senior business leaders Providing forecast lead with up to date and accurate employee data file on a quarterly basis, including terminated employees and one time payments.

Complete all plan design testing, including back-test, stress test, risk test, etc.

Participate in discussions with the external compensation advisor to the Board during the plan design process Partner with People Experience (PEX) leadership to execute any design considerations to global compensation processes, continuously improve based on trends and analysis, and make recommendations to resolve exceptions Conduct post-implementation reviews to ensure design is achieving required strategic outcomes Drive strategic priorities of the compensation team (e.g., simplification of incentivized compensation frameworks) under the guidance of the Global Compensation Lead Identify changes on compensation policies, processes and programs, and partner with the PEX team to update knowledge management content Determine the appropriate compensation benchmarking and market surveys to be performed on an annual basis and consult on and off-cycle survey requests, under direction of the Global Compensation Lead and in partnership with vendors Act as escalation point for compensation queries and exceptions from PEX and Global Compensation Consultants Develops strong external networks and liaises with compensation peers in other organizations/industries to share compensation information and exchange best practices Support the development of compensation reports and recommendations for Human Resources Committee review and approval Skills & Experience: University degree in a related discipline or equivalent in experience and education.

Professional HR designation an asset.

5
– 7 years of related work experience, with a focus on Global Compensation Ability to consult and translate business needs into HR plans and programs that support the achievement of business goals and objectives Ability to establish and maintain effective working relationships with colleagues and senior management; experience with Board relations an asset Superior ability to achieve results in a complex environment, managing multiple priorities and time constraints Strong MS Office skills, including advanced level Excel and PowerPoint Excellent communication and presentation skills, both written and verbal Ability to think and act strategically and to operationalize strategy into long
– and short-term implications A team player, high results orientation, independent self-starter Demonstrated ability to achieve results in a complex environment, with multiple priorities and minimum supervision Organizational agility, with a high level of comfort in dealing with employees at all levels Ability to build rapport and maintain high level of confidence and integrity at all levels of the organization Strong analytical skills and attention to detail Our story: Founded in 1962, OMERS is one of Canada’s largest defined benefit pension plans, with $105 billion in net assets as at December 31, 2020.

OMERS is a jointly-sponsored pension plan, with 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members.

OMERS members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario.

Contributions to the Plan are funded equally by members and employers.

OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe
– serving members and employers and originating and managing a diversified portfolio of high-quality investments in public markets, private equity, infrastructure and real estate.

OMERS is committed to having a workforce that reflects the communities in which we live and work.

We are an equal opportunity employer committed to a barrier-free recruitment and selection process.

At OMERS inclusion and diversity means belonging.

How we create a sense of belonging is through our employees and our vast network of Employee Resource Groups.

Whether you are passionate about gender, pride, or visible minorities, we have groups that are focused on making a difference in all of our lives.

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