Mortgage Compensation Analyst

Luminate Bank

$80K — $95K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of HR experience, with a minimum of 3 years in the mortgage industry
  • Professional HR certification (e.g., SHRM-SCP, SPHR) preferred
  • Knowledge of Incentive Compensation (CompenSafe) by nCino is a plus
  • Strong understanding of HR best practices and employment laws
  • Excellent leadership, communication, and interpersonal skills

Responsibilities

  • Collaborate with leaders to implement compliant new hire offers
  • Administer and adjust compensation agreements and ensure accurate commission and bonus payouts
  • Participate in developing HR strategies that align with business objectives
  • Support talent acquisition to attract top mortgage industry talent
  • Enhance employee relations through effective programs and conflict resolution
  • Implement performance management systems to achieve business goals
  • Ensure compliance with employment laws and regulations

Benefits

  • Competitive total compensation package based on experience
  • Comprehensive benefits including health, dental, and vision
  • Life and AD&D insurance along with voluntary benefits
  • 401K with significant company match
  • Generous flexible PTO program
  • Opportunity to work with a rapidly growing mortgage lender in the Midwest
Full Job Description
Position Title: Mortgage Compensation Analyst - Human Resources

Position Reports To: Director - Human Resources

Location/Branch: Minneapolis, MN or Remote

Position Overview: We are seeking an experienced Mortgage Compensation Analyst with a strong background in the mortgage industry to support the needs of our business and employees. The ideal candidate will be responsible for implementing HR strategies and initiatives aligned with the overall business strategy, enhancing employee engagement, and ensuring compliance with all relevant regulations.

Key Responsibilities:

  • Production Onboarding: Collaborate with branch and divisional leaders, executing new hire offers and compliant compensation agreements.
  • Compensation Planning & Reconciliation: Administer and modify, as needed, compensation agreements. Reconcile timely and accurate commission, bonus calculations and payouts.
  • HR Support: Take part in the development and implementation of HR strategies that support the company's goals and objectives.
  • Talent Acquisition: Support the recruitment process to attract and retain top talent within the mortgage industry.
  • Employee Relations: Foster a positive work environment through effective employee relations programs and conflict resolution.
  • Performance Management: Implement performance management systems to ensure employees meet their goals and contribute to the company's success.
  • Compliance: Ensure compliance with all federal, state, and local industry, employment laws and regulations.


Qualifications:

  • Experience: Minimum of 5 years of HR experience, with at least 3 years in a HR role within the mortgage industry.
  • Certifications: Professional HR certification (e.g., SHRM-SCP, SPHR) is highly desirable.
  • Skills:
    • Preference of knowledge of Incentive Compensation (CompenSafe) by nCino system
    • Strong knowledge of HR best practices and employment laws.
    • Excellent leadership and management skills.
    • Exceptional communication and interpersonal skills.
    • Ability to develop and implement HR strategies that align with business goals.


Benefits:

  • Competitive total compensation package reliant on skills and experience.
  • Excellent benefits package including health, dental & vision.
  • Life and AD&D Insurance, as well as additional voluntary benefit possibilities.
  • 401K with robust company match.
  • Generous Flexible PTO Program.
  • The opportunity to work with the Midwest's fastest growing mortgage lender.


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