Sr Analyst Incentive Compensation
LPL Financial Services - San Diego, CA
posted 2 days ago
About the position
LPL Financial is seeking a Sr Analyst for Incentive Compensation within Human Resources. This role will operate in a matrix environment, providing strategic and operational support to business unit leadership while supporting Human Resources initiatives. The Incentive Compensation function centralizes Incentive Compensation Plan (ICP) Design and Governance under the Incentive Compensation Committee (ICC), sales incentive reporting and metrics, as well as sales communication and plan documentation to LPL's salesforce. The position requires collaboration with cross-functional teams and sales compensation experience, preferably in the financial services industry. The Sr Analyst will own aspects of and support the execution and continuous improvement of the overall Incentive Compensation Program, utilizing expertise and data management to optimize workflows and increase efficiencies.
Responsibilities
- Provide reporting and metrics on sales incentive eligible population at LPL.
- Maintain up-to-date employee lists.
- Ensure accuracy of compensation data between Workday, Commissions dept. and Sales leadership.
- Manage and communicate the annual sales documentation process (delivery of PAFs, Plan Design Summaries, etc.), as well as overseeing documentation requirements for new hires and transfers throughout the year.
- First point of contact for sales employees and management on sales administration related questions.
- Resolve discrepancies in a timely manner.
- Create and deliver comprehensive and consistent communication for ICP eligible employees and managers.
- Review compensation communications and information for accuracy.
- Provide training on sales documentation process and assess possible training needs on sales plan design and incentive compensation payout education.
- Analyze current processes to recommend improvements for efficiencies and/or centralization.
- Work on special projects such as process improvements, data analysis/compilation, presentations, report building, etc.
- In partnership with the VP and AVP, support the development and/or refinement of sales incentive plans that are in alignment with corporate goals while incentivizing new store sales, same store sales, and revenue growth.
- Research effectiveness of current sales compensation metrics and review for potential areas of improvement.
- Support the annual benchmark process for incentive eligible roles to ensure LPL maintains competitive pay practices.
- Ad hoc compensation related requests as needed.
Requirements
- Bachelor's Degree required.
- 5+ years of business experience with preferably 3+ years of sales compensation experience.
- Excellent MS Excel skills (e.g. pivot tables, complex formulas).
- Solid understanding and experience with Workday.
- Exceptional client service skills.
- Ability to effectively interface with and influence all levels of the organization.
- Strong verbal and written communication skills.
- Ability to work efficiently as a team.
- Strong attention to detail.
- Continuous improvement mindset.
- Program and Time management skills.
- Sensitivity in working with confidential information.
Nice-to-haves
- Certified Compensation Professional (CCP) certification preferred.
Benefits
- 401K matching
- health benefits
- employee stock options
- paid time off
- volunteer time off
