loanDepot

Compensation Analyst

loanDepot • $70K — $95K *
Plano, TX 75025In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree and/or 5+ years of progressive compensation experience required.
  • Strong experience in market pricing, job evaluations, and compensation analysis.
  • Experience with long-term incentive (LTI) programs preferred.
  • Analytical skills for interpreting complex compensation data and making recommendations.
  • Proficiency in Microsoft Office Suite and experience with compensation tools like Payfactors or Mercer.
  • Experience with Workday Compensation or similar HRIS is a plus.
  • In-depth knowledge of compensation regulations and pay equity practices.

Responsibilities

  • Conduct market pricing and benchmarking analyses to ensure competitive pay practices.
  • Evaluate and recommend salary actions based on equity, competitiveness, and compensation philosophy.
  • Support annual compensation planning including merit increases and salary reviews.
  • Manage and maintain the organization's job description framework for compensation purposes.
  • Review requisitions within the talent management system for compensation alignment and data integrity.
  • Monitor compliance with wage regulations and administer necessary pay adjustments.
  • Administer short-term incentive programs and assist with LTI programs management.

Benefits

  • Aggressive compensation package based on experience.
  • Inclusive and collaborative culture for diverse backgrounds.
  • Opportunities for growth and professional development with tuition reimbursement.
  • Comprehensive medical, dental, and vision benefits.
  • Wellness program for mental and physical health support.
  • Generous paid time off for employees.
Full Job Description
Description

Position at loanDepot

Position Summary:

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.

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.

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.
  • Experience supporting or administering long-term incentive (LTI) programs is preferred.
  • 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.
  • Experience with Workday Compensation or similar HRIS, compensation planning, and talent management systems is a plus.
  • 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.
  • Experience in the Mortgage industry preferred/required.
  • Exceptional verbal, written and interpersonal communication skills.
  • Solid problem-solving skills with a practical, solution-focused approach.

Why work for #teamloanDepot:
  • 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.

About loanDepot

LoanDepot, sometimes stylized as loanDepot, is a Lake Forest, California-based holding company which sells mortgage and non-mortgage lending products. In 2015, the company claimed to be the second largest non-bank provider of direct-to-consumer loans in the United States. LoanDepot was founded in 2010 by entrepreneur Anthony Hsieh, who had previously founded mortgage companies LoansDirect.com which he sold to E*Trade, and HomeLoanCenter.com, which he sold to LendingTree. The company's products at the time included fixed rate, jumbo, FHA and home equity loans, in addition to more controversial adjustable-rate mortgages and negative amortization products. In November 2015, the company postponed a planned IPO, citing poor market conditions. In March 2017, the company introduced technology to automate the loan process, allowing customers to apply for a mortgage without talking to a loan officer. In January 2018, the company announced two products as part of its technology platform, now called Mello, a home improvement unit to allow contractors to offer financing to customers, and Mello Home, a platform to connect pre-approved buyers to realtors. In September 2019, the company partnered with Century 21 Redwood Realty to form a new mortgage platform for the mid-Atlantic area, Day 1 Mortgage. loanDepot went public on the New York Stock Exchange on February 11, 2021 under the ticker symbol LDI.
Learn more about loanDepot
Market Cap
$453.5 million
Industry
Finance & Insurance
Founded
2010
5 Year Trend
+26.8%
NASDAQ
LDI
* Ladders Estimates

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