AVP, Compensation

Requisition ID
20-16148
Location
US-CA-Westlake Village
Position Type
Regular
Category
Human Resources
Education
Bachelor's Degree
Years of Experience
7

Overview

This position will be responsible for driving PennyMac’s base and incentive compensation functions: leading and growing a team which performs extensive compensation analysis, design, modeling and payment for a variety of quarterly, monthly and annual mortgage incentive plans, along with ownership and administration of PennyMac’s Quarterly Adjustment Processes and annual Base Bonus Equity process.  It requires a deep understanding of financial concepts, familiarity with mortgage mechanics, and comfort with creating, implementing, conducting and teaching quantitative processes.

Job Description

  • Work collaboratively with various stake holders to evaluate current incentive plans and/or design new incentive plans; research and resolve complex issues involving the structure of the incentive plans; perform, evaluate and analyze modeling of incentive plans using a variety of resources; calculate monthly, quarterly and annual incentive payouts; drive continual improvement of the incentive compensation modeling and calculation process
  • Analyze and interpret compensation information, conduct research, analyze data, seek clarification and make recommendations
  • Lead the salary survey, market analysis and benchmarking processes
  • Actively manage a team of Compensation Analysts; interact with broad customer base of upper management levels, and HR and Finance professionals
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization’s desired culture and values

Ideal Candidate will have the following:

  • Mastery of mortgage compensation concepts and practices – plan documents, modeling, calculation, process and lifecycle
  • Deep understanding of base and incentive compensation methods and practice, experience in finding creative solutions
  • Advanced skill set in Microsoft Excel; proficient in the rest of the MS Office Suite and general computer use
  • Project Management skills
  • Undergraduate degree in Finance, Business Administration, Math, Human Resources or Real Estate or related field preferred
  • Analysis – Synthesizes complex or diverse information; conceptualizes solutions
  • Leadership – Ability to provide effective leadership for people, projects, data and change management
  • Management – Ability to calmly manage complex and deadline-sensitive projects and conflict in a fast-paced environment
  • Communication – Ability to clearly communicate concepts, documentation and calculation of mortgage incentive compensation
  • Task Management – Demonstrates ability to advance multiple priority assignments concurrently and within established deadlines
  • Teamwork – Competent at working in partnership with team members to deliver expected results
  • Planning/Organizing – Prioritizes and plans work activities, uses time efficiently and develops realistic action plans
  • Problem Solving – Identifies and resolves problems in a timely manner and gathers and analyzes information skillfully
  • Quality Management – Looks for ways to improve and promote quality and demonstrates accuracy and throughness

Years of Experience:

7

Education:

Bachelor's Degree

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