Sr Sales Compensation Analyst II

$131,040 - $160,160/Yr

Pacific Life - Newport Beach, CA

Full-time - Senior

Newport Beach, CA

Insurance Carriers and Related Activities

About the position

The Senior Sales Incentive Compensation Analyst II plays a crucial role in supporting the design, documentation, implementation, and maintenance of sales incentive plans at Pacific Life. This position requires collaboration with various stakeholders, including sales leaders and HR partners, to ensure effective compensation strategies that align with business objectives and promote employee retention. The role is hybrid, allowing for flexibility in work location, and emphasizes the importance of a supportive and balanced work environment.

Responsibilities

• Partner with sales leaders to understand business objectives and design incentive plans that drive business outcomes.
• Develop and write formal plan documents and communications regarding sales incentive plans.
• Maintain plan documentation to account for updates or amendments.
• Collaborate with incentive plan administration and business analytics teams to review effectiveness and competitiveness of sales incentive compensation plans.
• Conduct market pricing 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.
• 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

• 7+ years of experience in a sales incentive plan design and administration role.
• Bachelor's degree in Finance, Business, Human Resources or a related field.
• Demonstrated sales incentive 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.

Nice-to-haves

• Extensive experience creating communication strategies to educate sales leaders and professionals regarding incentive plan design objectives and outcomes.
• Certified Sales Compensation Professional (CSCP) and/or Certified Compensation Professional (CCP)

Benefits

• Medical, Dental, Vision coverage
• Wellbeing Reimbursement Account
• Generous paid time off options including Paid Time Off, Holiday Schedules, and Financial Planning Time Off
• Paid Parental Leave
• Adoption Assistance Program
• Competitive 401k savings plan with company match and additional contribution