AVP Compensation

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 AVP Compensation to join our Human Resources Team in Newport Beach, CA. This role is hybrid with three days per week spent working from our state-of-the-art Newport Beach headquarters.

As the AVP Compensation you'll play a critical role in shaping the strategic planning and implementation of compensation policies and programs within the organization on a global scale. This position oversees the development, execution, and assessment of compensation programs designed to attract, retain, and motivate employees. As the leader of the Compensation department, the AVP ensures that compensation practices align with business objectives, legal requirements, and industry best practices. Your expertise will be essential in ensuring competitive and fair compensation practices across the organization. The candidate will collaborate closely with cross-functional teams to align global and US compensation strategies, while also leading a team of Compensation Managers and Analysts.

How you'll help move us forward:

• Develop and implement a comprehensive global compensation strategy and roadmap that aligns with the company's overall business objectives.

• Oversee the design, implementation, and administration of all compensation programs, including base pay, bonus, sales incentives, and long-term incentive plans.

• Lead and develop a team of Compensation Managers and Analysts, providing mentorship, guidance, and performance feedback.

• Conduct regular market analyses to ensure compensation practices remain competitive and aligned with industry standards.

• Oversee the annual compensation review process.

• Oversee the compensation budget, conducting regular reviews and analyses to assess budget performance.

• Create and maintain compensation policies, guidelines, and procedures.

• Ensure compliance with legal requirements related to compensation, pay equity, and other relevant regulations.

• Utilize data analytics to evaluate the effectiveness of compensation programs.

• Prepare reports for senior leadership, the Board of Directors, and other stakeholders.

• Communicate compensation-related updates to employees, managers, and executives.

• Integrate compensation programs with performance management processes to ensure alignment between performance metrics and rewards.

• Stay informed about industry trends, legislative changes, and emerging practices.

• Identify opportunities for process improvements and efficiency gains.

• Drive initiatives to enhance the overall employee experience related to compensation.

• Provide guidance on compensation-related matters during mergers, acquisitions, and other organizational changes.

• Collaborate with the Head of Benefits to ensure consistency and alignment across benefits and compensation programs.

The experience you bring:

• 10+ years of experience in designing and administering compensation programs and plans including executive compensation, cash compensation, merit programs, incentives, and sales compensation.

• 5+ years demonstrated leadership experience in managing compensation teams.

• Experience working directly with the CHRO and Board (Compensation Committee) on executive strategies and programs, required.

• Proficiency in Workday.

• Strong analytical skills and meticulous attention to detail.

• Demonstrated ability to partner, influence and coach business leaders, HR leaders and other key stakeholders.

• Exceptional communication, collaboration, and project management skills.

• Expertise in global, federal, and state laws related to employment, pay, labor, privacy, and other compliance protocols.

• Willingness and desire to roll up sleeves and provide hands-on expertise where needed.

• Bachelor's Degree preferred

What makes you stand out:

• An advanced degree (such as an MBA or Master's in HR).

• Certified Compensation Professional (CCP) and/or Global Remuneration Professional designation.

• Prior experience leading through operating model changes and transformations in a global, matrixed environment.

#LI-DD1

Base pay range: $235,350 - $287,650

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.

Benefits start Day 1.

Your wellbeing is important. We're committed to providing 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 a 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.

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.