Director, Variable Compensation

Ref#: 20088

Function: Finance

Location: Canada, ON, Waterloo

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As the Information Company, our mission at OpenText is to create software solutions and deliver services that redefine the future of digital. Be part of a winning team that leads the way in Enterprise Information Management. #LI-POST

The opportunity:

The Director, Variable Compensation is globally responsible for administering and calculating all variable pay including commissions, incentives and stock compensation programs. The position is expected to develop and leverage key stakeholder business relationships with the Human Resources function, Operations teams, Financial Planning & Analysis, Controllership and others to coordinate advisory support and enhancements to policies, procedures and controls. The Director, works as a member of the Variable Compensation committee with specific focus on plan effectiveness analysis, implementation delivery, compensation design and general consultation.

You are great at:

• Lead a global team of Variable Compensation administrative professionals responsible for accurate and timely accruals, calculations, reporting, system administration and maintenance for all compensation-related payments
• Develop the vision and annual strategic / financial plan for the VC group setting appropriate goals and metrics to measure group performance
• Report, review and seek executive approval on monthly variable compensation payments
• Establish and maintain internal policies and procedures preserving security and control over all confidential payroll data
• Assure thorough audits and reports are consistently administered in compliance with system policies and government regulations
• Provide data for further analytics to assist the monitoring of the effectiveness of existing compensation policies, guidelines and procedures recommending plan revisions as well as new plans that are cost effective and consistent with compensation trends and system limitations
• Partner with business and corporate leaders, developing a deep understanding of the business model and strategy, talent objectives and compensation practices
• Collaborate with Human Resource partners and Operational leaders to ensure the company's various compensation plans, programs and policies efficiently meet needs of the organization
• Support the annual compensation life cycle including consulting on changes in compensation policies or practices, incentive plan schedules, processes, modeling and analytics and roll-out communication and training to maximize effectiveness working directly with senior leadership in recommendation and review process
• Seek ways to continuously improve, automate and standardization compensation processes to better support new and existing compensation initiatives

What it takes:

• 10+ year experience in the variable compensation field of which 4+ years is at the Senior Manager or Director level
• 10+ year experience administering and managing variable compensation calculation and stock compensation systems
• Some understanding of accounting and accounting principles
• Prior experience working in an organization experiencing a high level of change and managing variable compensation related projects related to change and continuous improvement (i.e. conversions, migrations, M&A efficiencies)
• Experience cultivating positive working relationships, particularly at senior management levels
• Capability to communicate information clearly at executive levels to facilitate understanding and decision making with a proven ability to assess business risk
• Ability to develop a vision and provide strategic directions for plans, systems, practices and tools that support the vision
• University degree in Finance, Business Administration, Human Resources or equivalent work experience required; a Master's degree is preferred
• Proven experience in successfully implementing process improvement programs
• Direct project management experience is an asset
• Strong financial analytical and problem solving skills
• Exceptional communication and interpersonal skills
• Organized with an ability to balance multiple projects in a fast paced environment
• Strong organizational and time management skills

At OpenText we understand and value diversity in our employees and are proud to be an Equal Opportunity Employer. We hire the best talent regardless of sex, national origin, disability or race. If you require accommodation at any time during the recruitment process please email

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