loanDepot

Incentive Compensation Administrator

loanDepot • $83K — $110K *
Irvine, CA 92620In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of experience in compensation administration or related field.
  • Proficient in drafting clear and compliant compensation documentation.
  • Strong analytical skills for data audits and recommendations.
  • Familiarity with federal and state wage laws and employment regulations.
  • Hands-on experience with HRIS systems, especially Workday.
  • Ability to collaborate effectively with cross-functional teams.
  • Crisis management skills for conflict resolution.

Responsibilities

  • Manage the full life cycle of compensation plans, including activation and deprecation.
  • Coordinate with HR, Recruiting, and Sales Finance to implement compensation plans.
  • Create and maintain up-to-date compensation documentation and job aids.
  • Develop and manage incentive compensation plans in Workday.
  • Resolve sales commission issues with HR and Sales Finance.
  • Conduct audits to ensure accurate employee compensation data.
  • Provide system support and training on HR systems to end-users.

Benefits

  • Comprehensive health and wellness programs.
  • Opportunities for professional development and training.
  • Flexible work arrangements to support work-life balance.
  • Employee recognition programs to celebrate achievements.
Full Job Description
Description

Position at loanDepot

Position Summary:

The Incentive Compensation Administrator will oversee all incentive compensation plans, manage eligibility rules, and ensure accurate processing and documentation of employee compensation data. This role involves collaborating across HR, Finance, and business teams to maintain compliance, ensure data integrity, and improve HR systems and processes. Key responsibilities include documentation of compensation plans, auditing for compliance, and supporting system functionality in Workday.

Responsibilities:

  • Compensation Documentation and Plan Management:
    • Manages the full life cycle of compensation plans, including activating, disabling, and deprecating plans as needed.
    • Coordinates with key stakeholders, including HR Business Partners (HRBP), Recruiting, and Sales Finance, to ensure updated and active compensation plans are accurately communicated and implemented across the organization.
    • Creates and maintains compensation plan documents, job aids, and trackers used by HR, Recruiting, and other business teams. Ensures all documentation is current, accessible, and complies with company policies.
  • Incentive Compensation Management
    • Develops and manages incentive compensation plans, including the creation of compensation plan names, employee plan assignments, and monitoring of approvals in Workday.
    • Collaborates with Sales Finance and HR to resolve sales commission issues, ensuring proper documentation and accurate employee compensation data.
    • Conducts audits of compensation data to ensure employees are correctly onboarded with guarantees, bonuses, and plan assignments, making necessary corrections.
  • System Support and Data Integrity:
    • Manages day-to-day operations in Workday, including data entry for employee lifecycle transactions such as new hires, promotions, status changes, and compensation adjustments.
    • Ensures data accuracy through regular audits and works with stakeholders to improve data quality.
    • Provides system support, troubleshooting, and training on HR systems to end-users, identifying opportunities for process improvements and efficiency enhancements.
  • Compliance and Employee Relations:
    • Ensures compliance with labor laws and company policies by staying up to date on relevant changes and applying them to compensation plans and employee lifecycle transactions.

Requirements:

  • Proficiency in drafting compensation plan documentation, with attention to legal and regulatory compliance, ensuring clarity and precision in language that aligns with company policies (experience writing detailed technical or legal-style documents is preferred).
  • Expertise in compensation analysis and plan creation, with a demonstrated ability to design, develop, and manage complex compensation plans, including bonuses, and incentive structures.
  • Excellent analytical skills for conducting audits, ensuring data accuracy, and making data-driven recommendations to stakeholders
  • Working knowledge of federal and state wage and hour laws, employment laws and regulations.
  • Experience with HRIS systems, particularly Workday, including hands-on management of compensation data and workflows preferred.
  • Experience coordinating with cross-functional teams, including HR, Sales Finance, and Recruiting, to implement and communicate compensation plans effectively.
  • Recognizes when deviation from established policies may be in the best interest of the company and authorizes such solutions.
  • Utilizes effective crisis management skills to resolve conflict - evaluate, recommend/propose, negotiate and implement results.
  • Bachelor's Degree preferred or a minimum of four (4) + years of related work experience.


Base salary is one piece of our total rewards package and is structured within a range so you can progress as you grow in the role. For this position, the anticipated annual base salary range is $83,000 to $110,000. Actual compensation will depend on your skills, experience, qualifications, and the work location tied to our geographic pay structure.

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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