Senior Financial Analyst, Distribution Compensation

Job Description

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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 Senior Financial Analyst, Distribution Compensation to join the Finance team in our Workforce Benefits Division.

This role can be on-site, hybrid, or 100% remote (depending on location).

As a Senior Financial Analyst, you’ll play a key role in Pacific Life’s growth and long-term success by crafting key distribution compensation processes and support models as we grow our new Workforce Benefits Division.

You’ll be responsible for supporting external and internal commissions, supplemental compensation, and other related compensation processes.

This individual will collaborate with the Distribution, Operations and Product Pricing teams to manage compensation schedules, ensure accurate and timely payment across compensation components, and provide a high level of support to distribution teams.

This role will have a customer-service orientation, providing responsive, creative, and problem-solving solutions, and will partner closely with key stakeholders to develop processes and support compensation needs.

Your colleagues will include fellow financial professionals. You will fill a new role within our Finance team in the Workforce Benefits Division.

As part of the Workforce Benefits division, you will have the opportunity to thrive in an agile start-up environment surrounded by industry experts building a new business within a strong and long-standing enterprise.

How You Will Make An Impact

• Drive business decisions through insightful financial analysis related to internal and external commissions and supplemental compensation programs.
• Collaborate with Distribution, Operations, and Product Pricing teams to monitor compensation rates and manage processes to ensure accurate and timely payment and provide support to distribution teams.
• Support the annual budget and statistical reporting processes related to compensation programs, including financial performance, variance explanations, and cost analysis.
• Process compensation requests for sales representatives and producer commissions including commissions, supplemental compensation, training and technology allowances, incentives, bonuses, etc.

and balances and reconciles the field compensation accounts and tax reporting.

• Ensure accurate and timely payment and statement processing. Ensure that payments and records adhere to terms and provisions of the contract, federal laws, state regulations, and company guidelines and that all information is maintained as confidential.
• Support inquiries regarding compensation payments.

The Experience You Will Bring

• Minimum 6-8 years of relevant work experience.
• Bachelor’s degree or equivalent experience.
• Knowledge of group insurance industry compensation framework and structure relevant to group products. Products of importance include dental, vision, basic and supplemental life, short term and long-term disability, leave and absence management, and supplemental accident and health products.
• Understanding compensation processes, calculations and payment processes and systems.
• Proficiency in identifying high-value priorities within a scope of broader tasks.
• Adaptability and comfort in ambiguous situations.
• Advanced skills in Microsoft Excel, intermediate skills with Business Intelligence tools (Tableau, PowerBI, etc.), and intermediate skills in Microsoft PowerPoint.

What Will Make You Stand Out

• Intermediate proficiency in SQL programming.
• Commitment to meticulous work practices, prioritizing accuracy over speed.
• Strong commitment to producing comprehensive process documentation.
• Thorough familiarity with all aspects of an insurance carrier's income statement, especially internal or external commission programs and supplemental compensation programs.
• Adherence to maintaining consistent formatting and aesthetics.

You belong at Pacific Life

At Pacific Life we are committed to a culture of belonging, a space where all employees are empowered to be authentic. One way we cultivate an inclusive culture is through our employee connection groups.

The purpose of these employee-led groups is to offer a place to build community, connection, camaraderie, and a sense of belonging.

Each group can be active in education, advocacy, recruitment, and community building throughout our organization. Learn more about our employee connection groups at www.pacificlife.com.

Want to learn more about life at Pacific Life? Take an inside look at our company culture : Instagram.com / lifeatpacificlife.

Base Pay Range

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting.

The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location.

Also, most employees are eligible for additional incentive pay.

$115,920.00 - $141,680.00

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs.

Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

• 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.

EEO Statement

Pacific Life Insurance Company is an Equal Opportunity / Affirmative Action Employer, M / F / D / V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability.

To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

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