Administrator, Equity Compensation Plan
About us
We see a future where everyone can live and move without limitations. That's why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.
Forward. For all.
Group Summary
Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
About the Role
The Equity Compensation Plan Administrator works directly for the Corporate Secretary, responsible primarily for administering all of Magna's equity-based compensation plans for Magna's Board of Directors, senior leaders and other employees. This role is also responsible for maintenance / reporting of outstanding share capital, as well as insider reporting.
Your Responsibilities
- Administration of Board compensation, including payment of Directors' fees in cash and tracking Directors' fees paid in Deferred Share Units (DSUs).
- Management of Executive Stock Options and Performance Stock Units (PSUs), including grants, exercises/redemptions, cancellations, and preparation of award agreements.
- Handling of corporate and group employees' Restricted Stock Units (RSUs), including grants, redemptions, cancellations, and preparation of award agreements.
- Maintenance of outstanding share capital, including share issuances through option exercises and Dividend Reinvestment Plan (DRIP), share cancellations through NCIB, and monthly TSX reporting of outstanding share capital.
- SEDI insider reporting, involving the preparation and filing of insider trading reports for Magna Directors and Executive Officers, and quarterly updating and distribution of Group 1 and Group 2 blackout lists/calendars.
Who we are looking for
- Community college diploma or certificate in Legal Administration or Law Clerk.
- 5+ years of work-related experience.
- Attention to detail and ability to handle multiple tasks.
- Excellent communication skills (verbal and written).
- Highly organized and efficient in managing workload.
Your preferred qualifications
- Familiarity with stock-based compensation terms and concepts.
- Experience as a Securities Law Clerk, or Compensation Administration.
- Proficiency with Excel and third party tech platforms such as SEDI+ and Global Shares/ ShareWorks.
- Accommodations for disabilities in relation to the job selection process are available upon request.
- Candidates will be required to complete a Criminal Records Check and, if deemed necessary, a Credit Check as part of the candidate selection process.
What we offer
At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Site Benefits
- Hybrid work policy
- Wellness programs and events
- On-site cafeteria
- Parking for electric vehicles
- Access to private park for employees & their families
Awareness. Unity. Empowerment.
At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law.