Compensation Strategy Lead

2 weeks ago

Nevada, United States PennyMac Full time

PENNYMAC

Pennymac (NYSE: PFSI) is a specialized financial services organization with a robust mortgage platform and integrated operations dedicated to the production and servicing of mortgage loans, as well as the management of investments associated with the mortgage sector.

At Pennymac, our workforce is the cornerstone of our achievements and at the core of our vibrant work environment. Together, we strive towards a common objective of assisting millions of Americans in realizing their dreams of homeownership throughout the entire mortgage process.

A Day in the Life

The Compensation Strategy Lead will oversee Pennymac's base and incentive compensation initiatives: conducting thorough compensation analyses, designing, modeling, and executing various quarterly, monthly, and annual mortgage incentive programs, along with managing Pennymac's Quarterly Adjustment Processes and annual Base Bonus Equity procedures. As the Lead, you will track and present productivity outcomes to department leaders. You will inspire, mentor, guide, and support staff as necessary.

The Compensation Strategy Lead will:

Collaborate with diverse stakeholders to assess existing incentive programs and/or create new incentive structures Analyze and interpret compensation data, conduct research, evaluate information, seek clarification, and provide recommendations Oversee the salary survey, market analysis, and benchmarking activities Articulate the unit's objectives by which the team's performance is evaluated Generate and present regular reports to department leaders Undertake other related responsibilities as required and assigned Exhibit behaviors that align with the organization's desired culture and values

What You Will Bring

Bachelor's degree in Finance, Business Administration, Mathematics, Human Resources, or a related field preferred 7+ years of pertinent work experience Knowledge of mortgage compensation principles and practices – plan documentation, modeling, calculations, processes, and lifecycle Familiarity with base and incentive compensation methods and practices, with experience in developing innovative solutions

Why Consider Joining Us

As one of the leading mortgage lenders in the nation, Pennymac has empowered over 4 million homeowners to achieve and maintain their homeownership goals. Our vision is to be the most trusted partner in home financing. Together, 4,000 Pennymac team members nationwide are guided by our core values: to be Accountable, Reliable, and Ethical in all our endeavors.

Pennymac is dedicated to conducting business that fosters positive contributions and promotes sustainable growth while cultivating an equitable and inclusive environment where all employees and customers feel valued, respected, and supported.

Benefits That Make a Difference: Whether you seek flexible benefits for today, short-term goals for tomorrow, or long-term success and retirement planning, Pennymac's benefits have you covered. Key benefits include:

Comprehensive Medical, Dental, and Vision coverage Paid Time Off Programs including vacation, holidays, illness, and parental leave Wellness Programs, Employee Recognition Programs, and onsite fitness facilities and dining options (select locations) Retirement benefits, life insurance, 401k matching, and tuition reimbursement Philanthropy Programs including matching gifts, volunteer grants, charitable contributions, and corporate sponsorships

To learn more about our benefits, please visit our website.

Compensation Overview: Individual salaries may vary based on multiple factors including specific role, geographic location/market data, and skills and experience as outlined below:

Lower range - Developing skills and experience in the role Mid-range - Experience and skills align with proficiency in the role Higher range - Experience and skills provide added value beyond typical role requirements

Some positions may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Work Model

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