Sales Incentive Compensation Analyst

3 weeks ago

Newport Beach, United States Pacific Life Full time
Job Description:

Pacific Life is seeking a talented Senior Sales Incentive Compensation Analyst to join our HR Compensation team in Newport Beach, CA (preferred) or Omaha, NE. This role is hybrid, allowing for a balance of in-office and remote work.

As a Senior Sales Incentive Compensation Analyst, you will support the design and administration of compensation plans with a focus on sales incentive plans. You will collaborate with teammates to ensure our internal customers receive consistent guidance on compensation philosophy and processes.

To be successful in this role, you will need to build partnerships with sales leaders, business area finance leaders, Human Resources Business Partners (HRBPs), and internal legal counsel.

Key Responsibilities:
  • Partner with sales leaders to understand business objectives and design incentive plans that drive business outcomes while providing competitive compensation levels to plan participants.
  • Develop compensation plan communications and write formal plan documents for participants.
  • Partner with finance teams to analyze effectiveness and competitiveness of sales incentive compensation plans and make recommendations to optimize plan design and administration.
  • Conduct market pricing (job evaluation) reviews for all levels of exempt and nonexempt jobs throughout the company.
  • Provide data for compensation surveys and develop criteria for special pay and incentive design studies.
  • Advise sales leaders regarding consistent application of compensation policies and practices to promote employee attraction and retention.
  • Participate in coordination and review of annual compensation salary adjustments and company-wide bonus plan awards.
  • Collaborate with broader compensation team and key partners in the development and execution of company-wide compensation programs.
  • Ensure sales compensation plans comply with legal and regulatory requirements.
Requirements:
  • 5+ years of experience in a sales incentive plan design and administration role.
  • Bachelor's degree in Finance, Business, or a related field.
  • Demonstrated sales compensation experience within a multi-faceted consulting, insurance and/or financial services company.
  • Knowledge of regulatory and legislative matters that impact sales compensation design structure and communication.
  • Advanced Excel knowledge, including the ability to manipulate large data sets and conduct scenario analyses/modeling.
  • Strong verbal, written and stakeholder communication skills to effectively influence and manage expectations with sales leadership and cross-functional teams.
What We Offer:
  • Prioritization of your health and well-being, including medical, dental, vision, and wellbeing reimbursement account.
  • Generous paid time off options, including paid time off, holiday schedules, and financial planning time off.
  • Paid parental leave and adoption assistance program.
  • Competitive 401k savings plan with company match and additional contribution regardless of participation.
EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability.

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