Pacific Life - Newport Beach, CA
posted about 2 months ago
At Pacific Life, we are dedicated to providing our policyholders with the support they need for their financial futures. As a Senior Sales Compensation Analyst, you will play a crucial role in our HR Compensation team, based in Newport Beach, CA. This hybrid position allows you to work both in the office and remotely, reflecting our commitment to empowering employees to achieve their best work in a flexible environment. Your primary responsibility will be to support the design and administration of compensation plans, particularly focusing on sales incentive plans. You will collaborate closely with various stakeholders, including sales leaders, finance leaders, Human Resources Business Partners (HRBPs), and internal legal counsel, to ensure that our compensation philosophy and processes are effectively communicated and implemented. In this role, you will partner with sales leaders to understand their business objectives and design incentive plans that not only drive business outcomes but also provide competitive compensation levels for plan participants. You will be responsible for developing clear and effective compensation plan communications and writing formal plan documents for participants. Additionally, you will work with finance teams to analyze the effectiveness and competitiveness of sales incentive compensation plans, making recommendations for optimization. Conducting market pricing reviews for all levels of exempt and nonexempt jobs throughout the company will also be part of your responsibilities, along with providing data for compensation surveys and developing criteria for special pay and incentive design studies. Your expertise will be essential in advising sales leaders on the consistent application of compensation policies and practices, which is vital for promoting employee attraction and retention. You will also participate in the coordination and review of annual compensation salary adjustments and company-wide bonus plan awards, collaborating with the broader compensation team and key partners to execute company-wide compensation programs. Ensuring that sales compensation plans comply with legal and regulatory requirements will be a critical aspect of your role, as we strive to maintain the highest standards in our compensation practices.