Manager, Total RewardsMCAP at a GlanceJoining 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 RoleThe Manager, Total Rewards is responsible for the administration and ongoing management of MCAP’s total rewards programs, with primary accountability for compensation and benefits. This role applies external market insights and best practices to support competitive, compliant, and well-governed programs, and provides sound advice to HR Business Partners and business leaders.The Manager, Total Rewards serves as a primary point of contact for compensation, benefits and wellness matters and supports the delivery of new and evolving total rewards initiatives.Compensation ProgramsOversee the administration of Executive and Non-Executive Compensation programs, including base salary, incentives, and sales compensation.Manage job evaluation, salary structures, benchmarking, and participation in annual compensation surveys.Ensure compensation programs comply with legislative requirements (e.G., Pay Equity) and internal governance standards.Lead annual salary and bonus/variable compensation review cycle, including timelines, governance, and communication to business leaders.Monitor market trends and emerging practices to assess competitiveness and recommend program enhancements.Benefits and Compensation subject matter expertAct as a subject-matter expert and internal consultant for compensation, and insured and retirement benefits.Manage relationships with benefits vendors, including contact maintenance, renewals, cost monitoring, service levels, and negotiations.Develop and maintain employee communications and resources to support understanding and effective use of benefits program.Liaise with perks carriers on complex cases and makes recommendations on exceptions to policy.Coach HR team members and advise leaders on interpretation and consistent application of perks and compensation policiesCompensation & Benefits Budgeting and ForecastingSupport annual budgeting and forecasting for compensation and benefits programs, including salary increase planning, cost monitoring, variance analysis, and corrective action recommendations.Executive Compensation and Human Resources Committee ReportingSupport executive compensation administration,



including incentive calculations, market analysis, and documentation of objectives.In partnership with Associate Director, prepare compensation analyses, metrics, and summaries for HR Committee and Board reporting, including annual salary and bonus reviews.Mergers & AcquisitionsSupport compensation and benefits-related due diligence and integration activities for mergers and acquisitions, including identifying differences in compensation/benefits programs and recommending solutions to harmonize and integrate programs and processes.Establish and manage required activities, accountabilities and timelines to support compensation integration.Business Initiatives & HR Strategic PlanningCollaborate HR leadership on strategic initiatives and cross-functional projects.Lead or support Total Rewards-related projects as assigned.Participate in HR strategic planning and support communication of HR priorities and objectives.Wellness Programs & Employee Well-BeingCreate and deliver wellness challenges and initiatives that encourage participation and promote a healthy, engaged workforce.Develop and execute communication plans to ensure employees understand available wellness benefits and how to access related resources.Collaborate with internal stakeholders (e.G.: HR, Lines of Business, leadership teams) to integrate wellness initiatives into the broader Total Rewards and well-being strategy, as required.Work with third-party wellness and benefits providers (e.G.: Canada Life, Sun Life, TELUS, etc) to support program delivery, participation, and effectiveness.Monitor participation trends and feedback to evaluate program effectiveness and recommend enhancements.Lead and Manage StaffChampion the company’s Vision, Mission and Values as set out in the Strategic Plan both internally and externally within the industry.Recruit, develop, and retain high-performing team members who demonstrate and reinforce MCAP’s Values and culture.Establish, communicate, and monitor clear performance standards for direct reports, with a focus on results, quality, continuous improvement, and teamwork.Coach, mentor, and support direct reports to build confidence,



and accountability in their roles.Provide ongoing feedback and performance management to ensure individual and team objectives align with organizational priorities.What You Bring To The TeamCHRL DesignationCertified Compensation Professional (CCP)Minimum of 5-7 years of progressive experience in total rewards with general HR exposureStrong analytical, technical and problem-solving skillsStrong emphasis on accuracy and attention to detailDemonstrated relationship building skills at all levels with a proven ability to deliver customer focused resultsAbility to create innovative strategies and solutionsExcellent judgment, discretion, and persuasiveness skillsWell organized with the ability to meet tight deadlinesSelf-driven, motivated with the ability to work independently and as a member of teamAdvanced Microsoft Word and Excel skillsExceptional oral and written communication skillsCarries out duties with integrity and takes responsibility for actions.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 GreatMCAP 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 #:req2162Employment Status:Permanent Full TimeLocation:TorontoNumber Of Openings:1Department:Human ResourcesInternal Job Title:Manager, Total RewardsSalary Range:$88,000 - $94,000The 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.#J-18808-Ljbffr

📌 Manager, Total Rewards - C$88,000 - C$94,000 A Year (Toronto)
🏢 MCAP
📍 Toronto