Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

We’re actively seeking a talented Compensation Analyst II to join our HR Compensation team in Newport Beach, CA or Omaha, NE. This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.

As a Compensation Analyst II, you’ll play a key role in Pacific Life’s growth and long-term success by assisting with job evaluations, processing sales incentive payments, compensation audits and incentive plan documentation. You will be responsible for researching, analyzing, and evaluating market data, internal data, and compensation trends to ensure our compensation structure aligns with our business objectives and industry standards. You will also participate in compensation surveys, conduct pay analyses, and ensure compliance with relevant laws and regulations.

How you’ll help move us forward:

Compensation Administration

• Support Leaders and HR Business Partners with data analysis to foster our pay for performance culture through the annual salary and incentive cycle.
• Maintain online job catalog, through the creation of new jobs and updates to existing jobs.
• Implement market studies (gathering recommendations from leaders, creating communication materials, and processing employee changes).
• Administer ongoing sales incentive and spot bonus payments.
• Perform routine audits of employee and job compensation data to maintain data integrity, implement changes and communicate to stakeholders.
• Collaborate with other human resources functions, such as benefits, payroll, talent acquisition, and talent development, to ensure alignment and integration of compensation programs and policies.
• Monitor, research, and respond to Workday Help compensation inquiries in a timely manner.
• Document compensation procedures with an emphasis on continuous process improvement.

Salary Survey Administration & Market Analysis

• Participate in compensation surveys and analyze survey results/trends to benchmark and determine our competitive position and identify gaps or opportunities.
• Manage salary structure creation and maintenance that support our compensation philosophy and strategy.
• Conduct employee compensation analyses and recommend adjustments or actions that align with our company objectives for recruiting, retention, and employee engagement.
• Ensure compliance with federal, state, and local laws and regulations regarding compensation.
• Prepare and present compensation reports and analyses to Compensation team and HR Partners.

Job Evaluations

• Interview managers to gather and document job, organizational, and occupational information including duties, responsibilities, and skills required by each job.
• Assess jobs and their respective duties to determine Job Family, Job Level, and FLSA classification.
• Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
• Communicate pay decisions, policy interpretations, and job evaluations to HR Business Partners.
• Advise managers on making effective pay decisions that support employee engagement and comply with compensation policy and budgetary guidelines.
• Develop and maintain library of Job Family Summaries.

The experience you bring:

• BS/BA in Business. Specialization in Human Resource Management, Finance, or related experience is preferred.
• Three (3) years of cumulative experience as a Compensation Analyst or Specialist.
• Ability to partner with business leadership and collaborate with multiple stakeholders within the organization.
• Strong knowledge of HR practices and labor legislation.
• Exceptional attention to detail, customer service, and verbal/written communication.
• Ability to maintain confidentiality and handle compensation-related issues with discretion.
• Comfort making compensation adjustment recommendations based on market data analysis.
• Ability to work with large datasets to extract meaningful insights.
• Strong proficiency in MS Excel, including pivot tables, Vlookups, and Macros
• Ability to self-direct and exercise sound independent judgement within established guidelines.
• Ability to clearly and concisely document compensation processes and procedures.

What makes you stand out:

• Demonstrated compensation experience within a multi-faceted insurance and/or financial services company.
• Workday or other HCM platform experience.
• Strength in developing executive presentation materials and storytelling as part of communication and stakeholder management. 
• Professional certifications (PHR, CCP).
• Demonstrated practice of leveraging various tools and resources to stay up to date on industry trends, changes in regulations, and emerging best practices in compensation.

You can be who you are.
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

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Base Pay Range:

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

Your Benefits Start Day 1
 

Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents

• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off

• Paid Parental Leave as well as an Adoption Assistance Program

• Competitive 401k savings plan with company match and an additional contribution regardless of participation

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.