Compensation Advisor

Company Description

Momentum Financial Services is a leading provider of financial services in North America. For 40 years, we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Through our retail network of over 400 locations, known as Moneymart, Insta Cheques and the Cheque Cashing store, we provide access to cash and related products to help our customers achieve their goals.

Our highly skilled workforce puts customers first in everything we do. We serve 2 million people annually with diverse and innovative financial products such as loans, cheque cashing, money transfer and prepaid cards. Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions.

#Corporate

Job Description

GENERAL FUNCTION

The Compensation Advisor plays a key role in supporting the development, implementation, and management of compensation programs, policies, and procedures. Key contributions this role will make include leading the annual compensation review process within the HR team, supporting the transformation and refresh of the job architecture, conducting job evaluations, performing a variety of compensation and market analyses to create new salary ranges. This position reports directly to the VP, Total Rewards.

DUTIES/RESPONSIBILITIES

Compensation Advisory:

• As the primary point of contact for HRBP’s, provides support and advice on all compensation-related inquiries and clarifications. Provides guidance to ensure the consistent application of the compensation structures as it relates to on out-of-cycle pay adjustments, promotions, temporary reassignments, allowances, reclassifications etc.
• Administer and support the Company’s Incentive programs in collaboration with Finance, HRBPs and Payroll.
• Leads the annual salary review/merit process in collaboration with the Workday HRIS and HRBP teams. Plays a key role in managing the YE timeline and leading testing efforts of the YE process in Workday.
• Draft compensation guidelines and training materials for HRBPs and Managers.
• Participate in cross-functional HR reviews of processes, contributing to the rollout and implementation of new initiatives.

Job Architecture Job Analysis and Documentation:

• Lead the implementation of a refreshed job architecture framework, covering career tracks, management levels, comp grades, job families and titles, to support organizational needs.
• Collaborate with HRBPs to gather documentation for job analysis, ensuring accurate evaluation of roles with a focus on consistency and compliance.
• Facilitate process improvements in job analysis through structured meetings with key stakeholders, enhancing the job evaluation process.
• Support the rollout of a new job evaluation process and tool.
• Participate in compensation surveys to benchmark against market standards, maintaining timelines and analyzing aggregate results to identify competitive positioning and trends.
• Conduct internal and external equity assessments to evaluate market competitiveness and respond to shifting trends.

Pay Equity and Compliance:

• Uphold pay equity and transparency policies and maintain compliance with required government filings and postings.
• Maintain the Job Evaluation tool and database to ensure pay equity compliance.

Qualifications

EDUCATION

• Bachelor’s degree in HRM, Commerce, Mathematics and/or equivalent experience
• Working towards the Certified Compensation Professional (CCP) designation is preferred but not required

EXPERIENCE

• 3–5 years in compensation
• Compensation analysis experience for both hourly and salaried employees, ideally within mid-to-large organizations.
• Demonstrated experience with various compensation structures, job evaluation methodologies and job architecture
• Prior experience with Quebec and/or Ontario pay equity legislation is preferred.

SKILLS

• Advanced skills in Microsoft Office (Word, Excel, PowerPoint, Teams, Outlook). Highly proficient in Excel, including functions like Pivot Tables, conditional IF statements, and relational databases, with the ability to manipulate and analyze large data sets effectively.
• Ability to collect, evaluate, and analyze complex data sets to inform sound compensation decisions and recommendations. Demonstrated analytical, critical thinking, and problem-solving abilities.
• Strong commitment to accuracy and attention to detail in all aspects of work.
• Proven collaborator who works effectively with the HR team to provide operational guidance that supports business objectives.
• Excellent communicator, able to deliver clear guidance and support to the HR team.
• Prior experience with Workday is preferred.
• French language proficiency is an asset but not a requirement.

Additional Information

All your information will be kept confidential according to EEO guidelines.

*Notice to Ontario Applicants – Momentum Financial Services Group is committed to accommodating applicants with disabilities up to the point of undue hardship during the recruitment, assessment, and selection process. If you are selected for an interview, please notify Momentum Financial Services Group if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, we will work with you to determine how to meet your needs.

Note to Internal Applicants: All internal applicants are required to notify current manager regarding interest in applying for this role.