Description Position at loanDepot
Position Summary:
The Incentive Compensation Administrator will oversee all incentive compensation plans, manage eligibility rules, and ensure accurate processing and documentation of employee compensation data. This role involves collaborating across HR, Finance, and business teams to maintain compliance, ensure data integrity, and improve HR systems and processes. Key responsibilities include documentation of compensation plans, auditing for compliance, and supporting system functionality in Workday.
Responsibilities:
- Compensation Documentation and Plan Management:
- Manages the full life cycle of compensation plans, including activating, disabling, and deprecating plans as needed.
- Coordinates with key stakeholders, including HR Business Partners (HRBP), Recruiting, and Sales Finance, to ensure updated and active compensation plans are accurately communicated and implemented across the organization.
- Creates and maintains compensation plan documents, job aids, and trackers used by HR, Recruiting, and other business teams. Ensures all documentation is current, accessible, and complies with company policies.
- Incentive Compensation Management
- Develops and manages incentive compensation plans, including the creation of compensation plan names, employee plan assignments, and monitoring of approvals in Workday.
- Collaborates with Sales Finance and HR to resolve sales commission issues, ensuring proper documentation and accurate employee compensation data.
- Conducts audits of compensation data to ensure employees are correctly onboarded with guarantees, bonuses, and plan assignments, making necessary corrections.
- System Support and Data Integrity:
- Manages day-to-day operations in Workday, including data entry for employee lifecycle transactions such as new hires, promotions, status changes, and compensation adjustments.
- Ensures data accuracy through regular audits and works with stakeholders to improve data quality.
- Provides system support, troubleshooting, and training on HR systems to end-users, identifying opportunities for process improvements and efficiency enhancements.
- Compliance and Employee Relations:
- Ensures compliance with labor laws and company policies by staying up to date on relevant changes and applying them to compensation plans and employee lifecycle transactions.
Requirements:
- Proficiency in drafting compensation plan documentation, with attention to legal and regulatory compliance, ensuring clarity and precision in language that aligns with company policies (experience writing detailed technical or legal-style documents is preferred).
- Expertise in compensation analysis and plan creation, with a demonstrated ability to design, develop, and manage complex compensation plans, including bonuses, and incentive structures.
- Excellent analytical skills for conducting audits, ensuring data accuracy, and making data-driven recommendations to stakeholders
- Working knowledge of federal and state wage and hour laws, employment laws and regulations.
- Experience with HRIS systems, particularly Workday, including hands-on management of compensation data and workflows preferred.
- Experience coordinating with cross-functional teams, including HR, Sales Finance, and Recruiting, to implement and communicate compensation plans effectively.
- Recognizes when deviation from established policies may be in the best interest of the company and authorizes such solutions.
- Utilizes effective crisis management skills to resolve conflict - evaluate, recommend/propose, negotiate and implement results.
- Bachelor's Degree preferred or a minimum of four (4) + years of related work experience.
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skill set.
- Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate, purposeful, and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $83,000 and $115,000. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
