Compensation Analyst

loanDepot • Plano, TX

1d

About The Position

Responsible for supporting the design, administration, analysis, and continuous improvement of the organization's compensation programs. This role partners closely with HR Business Partners, Talent Acquisition, Finance, and business leaders to ensure compensation practices are competitive, equitable, compliant, and aligned with business objectives. Additionally, this role also provides market insights, compensation recommendations, and analytical support for base pay, incentive plans, and long-term incentive programs.

Requirements

• Bachelor's degree, and/or a minimum of five (5) + years of progressive compensation experience required.
• Strong experience conducting market pricing, job evaluations, and compensation analysis.
• Analytical skills with the ability to interpret complex compensation data and provide actionable recommendations.
• Proficiency with Microsoft Office applications: Word, Excel, PowerPoint, Outlook, and Teams.
• Experience with Payfactors, Payscale, MarketPay, Salary.com, Mercer, Radford, or similar compensation benchmarking and market pricing tools.
• Knowledge of compensation regulations, pay equity practices, and market trends.
• Excellent communication, presentation, and stakeholder management skills.
• Ability to manage multiple priorities and work independently in a fast-paced environment.
• Exceptional verbal, written and interpersonal communication skills.
• Solid problem-solving skills with a practical, solution-focused approach.

Nice To Haves

• Experience supporting or administering long-term incentive (LTI) programs is preferred.
• Experience with Workday Compensation or similar HRIS, compensation planning, and talent management systems is a plus.
• Experience in the Mortgage industry preferred/required.

Responsibilities

• Conducts market pricing and benchmarking analyses using external salary survey data and compensation databases to ensure competitive pay practices.
• Evaluates and recommends salary offers, promotions, transfers, and other compensation actions based on internal equity, market competitiveness, and compensation philosophy.
• Supports the annual compensation planning cycle, including merit increases, promotional increases, and salary structure reviews.
• Manages the organization's job description framework, including creating, editing, evaluating, and maintaining job descriptions to support market pricing, job evaluations, and compensation administration.
• Reviews and manages requisitions within the company’s talent management system, ensuring appropriate compensation alignment, approvals, and position data integrity prior to posting.
• Monitors federal, state, and local minimum wage regulations, analyzes employee pay rates for compliance, and administers necessary compensation adjustments to ensure employees meet or exceed applicable minimum wage requirements.
• Administers and analyzes short-term incentive (bonus) programs, including supporting plan design, configuration, testing, and annual administration within Workday.
• Assists with the administration and management of long-term incentive (LTI) programs, including equity and other deferred compensation plans.
• Performs compensation analyses to identify trends, pay compression issues, market movement, and internal equity concerns.
• Maintains job architecture, salary grades, and compensation-related data within HR systems.
• Ensures compliance with federal, state, and local compensation regulations, including pay transparency and pay equity requirements.
• Participates in compensation surveys and maintains relationships with compensation data providers.
• Supports compensation-related audits, reporting, and special projects as needed.
• Performs other duties and projects assigned.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level