Sr. Analyst, Total Rewards

MCAP; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

Join a forward-thinking company as a Senior Analyst in Total Rewards, where your expertise in compensation and benefits will shape the future of employee engagement. This role offers the chance to work in a dynamic environment, collaborating with HR and business leaders to optimize total rewards programs. You will leverage your analytical skills to provide insights, enhance processes, and support strategic initiatives. With a commitment to continuous learning and a focus on service excellence, this position is ideal for those looking to make a significant impact in a leading independent mortgage finance company. If you thrive in a fast-paced setting and are passionate about total rewards, we want to hear from you!

Qualifications

• 4+ years of experience in compensation, benefits, or total rewards.
• Strong analytical skills and proficiency in Excel for data analysis.
• Knowledge of compensation principles and HR metrics.

Responsibilities

• Design and manage total rewards programs including compensation and benefits.
• Conduct compensation benchmarking and job evaluations.
• Prepare and analyze compensation and benefit reports to identify trends.

Skills

Compensation Analysis

Benefits Management

Data Analysis

HR Technology

Excel Proficiency

Communication Skills

Problem-Solving Skills

Organizational Skills

Education

University Degree in Human Resources

Business/Finance Background

Compensation or HR Certification

Tools

UKG Ulti Pro

HRIS

MS Office Suite

Job description

Sr. Analyst, Total Rewards

MCAP at a Glance

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success! At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

The Role

Reporting to the Senior Manager, Total Rewards, the Senior Analyst, Total Rewards plays a key role in the design, implementation, and management of total rewards programs, including compensation, benefits, and incentive programs.

This role will be responsible for advanced analytics, program effectiveness, and process optimization, acting as a subject matter expert and providing insights to HR and business leaders. The Senior Analyst contributes to the strategic direction of total rewards by providing insights, optimizing processes, and supporting major initiatives in collaboration with key stakeholders.

Total Rewards Strategy & Execution

• Support the execution of compensation benchmarking activities, analyzing internal and external data to ensure market competitiveness and internal equity.
• Participate in the completion and analysis of compensation and benefits surveys, providing insights on pay trends and competitive positioning (e.g., executive & non-executive surveys, compensation planning, benefits and retirement benchmarking).
• Conduct job evaluations of new and revised roles using company’s job evaluation methodology.
• Provide guidance to the HR team on job leveling, salary band placement, and market adjustments.
• Assist in revising and maintaining job descriptions for evaluations and ensuring alignment with market standards.
• Administer the variable compensation programs, ensuring compliance and alignment with plan guidelines.
• Support the annual salary and bonus review process, ensuring smooth execution at year-end.
• Develop tools and materials to enhance employee education and communication regarding total reward programs (e.g. monthly wellness insight emails, quarterly wellness newsletters).
• Support the annual benefits enrolment process and escalation of complex benefit inquiries.
• Partner with HR team and business leaders to provide guidance on best practices and recommend opportunities to improve our total reward programs.

Total Rewards Analytics

• Prepare/Develop and analyze monthly, quarterly and annual compensation and benefit reports, as required, to identify trends and making recommendations for improvements.
• Research on trends, practices and techniques pertaining to total rewards and determine appropriate applications to business requirements.
• Support HR technology initiatives, including testing, analysis, enhancement and implementation of current platforms (e.g. HRIS), as well as implementation of new ones.

Business Unit Initiatives and Assigned Projects

• Collaborate and support total rewards initiatives or projects, such as policy updates, compensation/benefits/incentive plan reviews/redesign projects.
• Monitor market trends and regulatory changes to ensure compliance and competitive positioning.
• Other duties as assigned, including assistance with HR team projects.

What You Bring To The Team

• 4+ years of experience in compensation, benefits, or total rewards.
• Experience with HR technologies (e.g., UKG Ulti Pro is an asset).
• Ability to work in a fast-paced environment where you can contribute with your in-depth knowledge of compensation and analytics.
• Strong proficiency in Excel (advance modeling, formulas, macros, pivot tables, charts and VLOOKUPs) and other MS office software.
• Superior attention to detail with an emphasis on data integrity and data quality.
• Strong analytical skills, ability to present data-driven recommendations, and experience working with HR leadership and cross-functional teams.
• Knowledge of the principles, concepts, standards, methods and techniques of compensation and HR business metrics and analytics—including the interpretation of metrics.
• Strong written and verbal communication skills and experience in the creation of trending overviews, executive summaries and written recommendations, including best practices.
• Excellent problem-solving skills, effective and comfortable working within vendors to resolve issues.
• Able to provide sound judgment, with an ability to maintain confidentiality and utilize discretion while working with sensitive information.
• Strong organizational and time management skills, with ability to multi-task, adapt to changing priorities and deliver effectively on ad hoc requests.
• University or college degree in Human Resources with business/finance background an asset.
• Compensation or HR certification (CCP/CHRP/CHRL) or in progress an asset.

If this sounds like you and you are looking to be a part of one of Canada’s largest independent mortgage finance companies, then we want to hear from you!

Be A Part Of Something Great

MCAP is Canada’s largest independent Mortgage Finance company with over $150 billion in assets under management providing mortgage solutions for residential and commercial properties. For over 35 years, MCAP originates, trades, securitizes and services mortgages in offices across Canada. MCAP originates residential mortgages exclusively through the mortgage broker channel as we believe that a professional mortgage broker is a consumer's best option and MCAP actively promotes the services of mortgage brokers across the country. MCAP is also a leader in the Canadian residential construction lending market with over 25 years in the business. Our teams of dedicated professionals serve a variety of developer, construction and lender clients across Canada.

Position #: req2009

Employment Status: Permanent Full Time

Location:Toronto; Ontario

Number Of Openings:1

Department: Human Resources

Internal Job Title:Sr. Analyst, Total Rewards

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

MCAP provides equal opportunities for all applicants and is committed to fostering an inclusive, accessible environment, where all employees feel valued, respected and supported throughout the recruitment and employment process. If you require accommodation, we will work with you to meet your needs.