loanDepot

Sales Finance Analyst

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

Qualifications

  • Bachelor's Degree in finance, business, engineering, or quantitative field preferred or 2+ years in a relevant analyst role.
  • Experience in the Mortgage, Financial Services, or Real Estate industry is advantageous.
  • Proven background in calculating and automating commission systems.
  • Strong technical skills with intermediate to advanced Excel proficiency required.
  • Knowledge of SQL, preferably SQL Server, is essential.
  • Familiarity with dashboarding tools like Tableau or Looker is preferred.

Responsibilities

  • Conduct routine and ad hoc analyses of employee compensation and business incentives.
  • Collaborate with Operations to enhance process efficiency and implement automation.
  • Provide variance and sensitivity analyses, along with forecasts for compensation changes.
  • Test and validate compensation plans in the commissions system for accurate payouts.
  • Interpret compensation plan documents and support ongoing updates.
  • Prepare dashboards to help management monitor performance and incentives.
  • Complete additional duties and projects as assigned.

Benefits

  • Aggressive compensation package tailored to experience and skills.
  • Inclusive and diverse workplace culture encouraging collaboration.
  • Opportunities for internal growth and professional development, including tuition reimbursement.
  • Comprehensive medical, dental, and vision benefits.
  • Wellness program promoting both mental and physical health.
  • Generous paid time off policy for all employees.
Full Job Description
Description

Position at loanDepot

Position Summary:

Responsible for the calculation of ongoing semi-monthly and monthly commissions. Works closely with Compensation and internal business unit leaders to ensure that incentive calculations are aligned with compensation plans and compliant with established policies and procedures. Plays an essential role in the conversion of a manual calculation process across multiple divisions into a fully automated platform under one umbrella. Ensures the performance of all duties in accordance with the company's policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

Responsibilities:

  • Conducts routine and ad hoc business analyses regarding employee compensation, business incentives, and KPIs.
  • Collaborates with Operations team to improve process efficiency and automation.
  • Provide variance analysis, sensitivity analysis, and forecasts for proposed compensation changes.
  • Tests and validates new compensations plans or changes to existing plans in commissions system to ensure accurate bonus payouts.
  • Partners with the business and Compensation to interpret compensation plan documents to assist with configuring new and ongoing compensation plan updates.
  • Prepare and maintain dashboards for management and personnel to monitor and incentivize performance.
  • Performs other duties and projects as assigned.


Requirements

  • Bachelor's Degree in finance, business, engineering, or other quantitative field preferred, or minimum of two (2) + years' experience as a Commissions Analyst, Compensation Analyst, Financial Analyst, Business Analyst, Data Analyst, Sales Operations Analyst, or similar role.
  • Experience in the Mortgage, Financial Services, or Real Estate industry a plus.
  • Prior experience calculating and/or automating commission calculations within a sales compensation system required.
  • Strong technical skills required. Intermediate to advanced Excel skills required.
  • SQL knowledge (preferably SQL Server) required.
  • Dashboarding skills, such as Tableau preferred.
  • Hybrid schedule out of Irvine, CA.


Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $83,000 and $110,000. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.

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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