Compensation Analyst II

About the role

Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We're actively seeking a talented Compensation Analyst II to join our HR Compensation team in Newport Beach, CA or Omaha, Nebraska (hybrid work schedule).

Responsibilities

• Administer compensation-related processes and transactions within Workday, including compensation changes, one-time payments, incentive payments, and employee updates.
• Maintain compensation and job architecture data through the creation, update, and validation of job profiles, job attributes, and compensation eligibility rules.
• Support the annual compensation planning process through system administration, testing, audits, troubleshooting, and data validation activities.
• Monitor and respond to compensation-related Workday inquiries, ensuring timely and accurate resolution of issues.
• Perform ongoing audits of compensation and job data to ensure accuracy, compliance, and data integrity.
• Partner with Payroll, People Business Partners, Talent Acquisition, and other stakeholders to ensure compensation programs are administered consistently and effectively.
• Develop and maintain compensation process documentation and identify opportunities to improve operational efficiency through automation and process enhancements.
• Prepare recurring and ad hoc compensation reports, analyses, and workforce data to support Compensation, HR, and business stakeholders.
• Conduct data audits, reconciliations, and compliance reviews to support compensation governance and regulatory requirements.
• Support compensation-related analyses by gathering, validating, and organizing internal and external compensation data.
• Aid in the preparation of reporting and materials used to support compensation planning, program administration, and leadership decision-making.
• Support compliance activities, including FLSA reviews, compensation audits, policy adherence, and documentation requirements.
• Monitor compensation data trends and identify discrepancies requiring review or corrective action.
• Support participation in compensation surveys through data collection, validation, submission, and documentation activities.
• Maintain compensation survey records, supporting data, and market pricing resources.
• Aid in the preparation of market data reports and benchmarking analyses used to support compensation programs and decision-making.
• Partner with Compensation team members to ensure market data is accurately reflected within compensation systems, structures, and reporting tools.
• Support compensation programs, structures, and system configurations are accurately administered and maintained.
• Support implementation activities associated with compensation initiatives, job architecture enhancements, and Workday optimization projects.

Requirements

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

Qualifications

• 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.

Benefits

• Base Pay Range: $77,130.00 - $94,270.00
• 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.

Salary Ranges per Location

• Newport Beach, CA: $84,870 - $103,730
• Omaha, NE: $73,260 - $89,540