Sr Analyst, Compensation

This position will play a key role in plan design, modelling and calculation; analysis; metrics; and reporting, primarily in the areas of cash- and equity-based compensation, as part of PennyMac?s Human Resources department.??The incumbent will be a key analytical and reporting resource for the Human Resources Department and will ensure that assigned goals and deadlines are met.?

Job Description

  • Design and model incentive plans as part of an overall incentive compensation plan which is both motivating and cost-effective. May be asked to lead aspects of this effort.? Plan design includes gathering and utilizing information from field management regarding issues to resolve and significant behaviors to motivate.? Monthly and quarterly incentive payout calculation, including the development of more reliable and auditable approaches to these calculations.

  • Job analysis / benchmarking; job structuring to help ensure clear career pathing; writing/updating job descriptions as required. Support the annual salary survey and market analysis project.? May be asked to lead aspects of this process.? Recommend annual revisions to salary ranges.? Analyze and recommend improvements to the salary structure as a whole.

  • Develop, run and distribute comparative analyses and advanced metrics-based reporting. Recommend and implement process improvements, solutions and procedural changes that enhance the effectiveness and internal cooperation of Human Resources as a whole.

  • Analyze, model and administer PennyMac?s equity programs, partner payments, and Board payments.

  • Collaborate with Finance to support firm-wide compensation budget processes.

  • Maintain data integrity through data analysis. Collaborate with other areas of Human Resources.? Document processes.? Other compensation deliverables as needed.

  • Perform other related duties as required and assigned

  • Demonstrate behaviors which are aligned with the organization?s desired culture and values

Ideal Candidate will have the following:

  • Technical proficiency: report writing tools, notably Cognos; Access, VBA and/or SQL a plus.

  • Excellent critical thinking, problem solving, and mathematical skill set. Understanding of basic statistical analysis.

  • Sound judgment and desire for innovation.

  • Ability to think and express oneself clearly creatively, using verbal, numerical and graphical approaches. Strong verbal and written communication skills; ability to effectively communicate with all levels of employees, management, and executives.

  • Ability to work well under pressure and to meet deadlines, while maintaining a positive attitude and providing exemplary customer service.

  • Ability to work independently, to complete assignments within parameters (instructions, prescribed routines, accepted practices), and to recommend enhancements beyond those parameters.

  • Must be highly proficient in Excel and Word

  • Must be a team player with strong attention to detail and able to work independently

  • Proven track record at delivering timely and accurate information in a fast-paced environment

  • Excellent critical thinking, problem solving, mathematical skills and sound judgment

  • Financial Services and, if possible, mortgage industry experience preferred

  • Strong business acumen and ability to interface with executive management


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