Senior Compensation Specialist

October 14, 2014 5:27 PM | Anonymous member

 

Company Overview

Novelis is the world leader in aluminum rolling, producing an estimated 14 percent of the world's flat-rolled aluminum products.  With industry-leading assets and technology, Novelis produces the highest-quality aluminum sheet and foil products for customers in high-value markets including automotive, transportation, packaging, construction and printing.  Our customers include major brands such Jaguar, Ford, BMW, Coca-Cola, Anheuser-Busch InBev, Rexam, Ball, Crown, ThyssenKrupp and others.

In addition to being the world leader in aluminum rolling, Novelis is leading the industry with our sustainability and recycling efforts.  Utilizing new technology and innovations, Novelis is planning to execute aluminum sheet that is created from 80% of recycled content by the year 2020.  Currently, Novelis recycles 40 billion used beverage cans annually – enough to circle the earth more than 100 times.

Headquartered in Atlanta, Georgia, Novelis operates 25 manufacturing facilities in 9 countries on four continents, with nearly 11,200 employees. The company reported revenue of approximately $10 billion in the fiscal year ended March 31, 2014. Novelis is the world’s largest rolled aluminum producer in terms of volume shipped, and the largest purchaser of aluminum as well.

Role Overview:

The Senior Compensation Specialist conducts and participates in compensation studies for purposes of maintaining the company’s competitive position within the market place. This may require creation of market-specific surveys, establishment of target audience, communications, data collection, analysis, and feedback on results. The incumbent will collect and analyze data to determine annual merit budgets and salary structure changes and work with HR senior leadership to obtain approvals to finalize these changes.

The incumbent also administers the annual salary planning process including working with the HRIS Analyst on system requirements and implementation, creating communications, counselling management and Human Resources on the process. The also lead the collection and analysis of all recommendations for the Company.

This job requires frequent interaction with members of the HR function.  It will be critical that the incumbent understand standard compensation policies, practices and principles.  They must be fully engaged in the overall compensation cycle as well as with global team members, employees and various vendors.

Role Responsibility:

  • Support and work with Director, Global Compensation with regards to annual compensation cycle (merit, bonus, LTI grants), compensation analysis, survey participation, Compensation discussion and Analysis (CD&A) and job evaluations.
  • Evaluate existing and proposed jobs and classify them according to their levels of responsibility based on Hay evaluation methodology.
  • Participate and coordinate a variety of projects including program design, salary surveys, budgeting, implementation of new programs ensuring the balance between the global and local projects and guarantee the compliance with established global guidelines, processes, and policies.
  • Develop and document procedures to streamline processes and ensure compliance with regulatory requirements and work with HR Business Partners.
  • Work with HRIS and IT staff to ensure that the PeopleSoft system meets compensation needs and is updated to reflect changes to salary structures, bonus programs, etc.
  • Administer the Novelis long term equity program. Analysis and maintain employee stock based plan. Maintain company stock data, develop reports, and answer inquiries regarding stock based plans.  Interfaces with stock based plan vendor. Timely and accurate administration of this program is critical to effectively deliver a significant component of pay to our leaders who are driving the business. 

Major challenges are:

  • Delivering accurate information under tight deadlines
  • Ability to prioritize in a constantly changing environment
  • Thinking through problems to determine how to make processes better
  • Establishing relationships with the regions as well as vendors

Qualifications:

  • Bachelor of Science in Business, Finance, Accounting, or related industrial field
  • General understanding of industry concepts, business knowledge, and compensation requirements
  • Minimum five years’ experience in compensation and/or stock based plan administration field.
  • Ability to manage multiple projects
  • Proficient with MS Office
  • Expertise in working with spreadsheets and  databases
  • Strong problem solving, communication and presentation skills
  • Well organized and confident to work independently but will be strong team player

Send resumes to stephanie.lowe@novelis.com

 

 

 

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