AVP, Compensation

Requisition ID
US-CA-Westlake Village
Position Type
Human Resources
Bachelor's Degree
Years of Experience


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:



Bachelor's Degree


Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed

Need help finding the right job?

We can recommend jobs specifically for you! Click here to get started.