This position will play a key role in plan design, modelling and calculation; analysis; metrics; and reporting, primarily in the areas of cash- and equity-based compensation, as part of PennyMac's Human Resources department.
Job analysis / benchmarking; job structuring to help ensure clear career pathing; writing/updating job descriptions as required.
Conduct analysis on internal and external salary statistics.
Recommend, develop and implement an appropriate employee compensation structure, involving configuring pay grades and evaluating new employee titles and ongoing reclassification of pay grades.
Keep up with pending changes that will affect hiring, earnings and benefits, such as adjustments to minimum or living wages.
Review and administer FLSA (Fair Labor Standards Act) classifications.
Support the annual salary survey and market analysis project. May be asked to lead aspects of this process. Recommend annual revisions to salary ranges. Analyze and recommend improvements to the salary structure as a whole.
Develop, run and distribute comparative analyses and advanced metrics-based reporting. Recommend and implement process improvements, solutions and procedural changes that enhance the effectiveness and internal cooperation of Human Resources as a whole.
Collaborate with Finance to support firm-wide compensation budget processes.
Maintain data integrity through data analysis. Collaborate with other areas of Human Resources. Document processes. Other compensation deliverables as needed.
Develop and document procedures to streamline processes and ensures compliance with regulatory requirements.
Perform other related duties as needed.
Demonstrate behaviors which are aligned with the organization's desired culture and values.
Ideal Candidate will have the following:
Technical proficiency: report writing tools, notably Cognos; Access, VBA and/or SQL a plus.
Excellent critical thinking, problem solving, and mathematical skill set. Understanding of basic statistical analysis.
Sound judgment and desire for innovation.
Ability to think and express oneself clearly creatively, using verbal, numerical and graphical approaches. Strong verbal and written communication skills; ability to effectively communicate with all levels of employees, management, and executives.
Ability to work well under pressure and to meet deadlines, while maintaining a positive attitude and providing exemplary customer service.
Ability to work independently, to complete assignments within parameters (instructions, prescribed routines, accepted practices), and to recommend enhancements beyond those parameters.
Must be highly proficient in Excel and Word
Must be a team player with strong attention to detail and able to work independently
Proven track record at delivering timely and accurate information in a fast-paced environment
Excellent critical thinking, problem solving, mathematical skills and sound judgment
Financial Services and, if possible, mortgage industry experience preferred
Strong business acumen and ability to interface with executive management
Years of Experience: