Associate Analyst, Compensation

Job description

As part of Ocwen's Total Rewards team, the Associate Analyst, Lending Compensation supports the development and administration of Ocwen's U.S. compensation programs, in alignment with the overall rewards philosophy. You will provide accurate and efficient administration of incentive plans, calculating, reporting and processing timely payouts of commissions and other incentive compensation in accordance with plan documents and company governance requirements. Additionally, you will develop reporting and analytics to forecast future payments, determine accruals, and identify trends in compensation based on our pay-for-performance philosophy.

You will serve as a key point of contact to employees, business leadership teams and Human Resources Business Partners in the execution of incentive compensation programs, and will have opportunities to develop innovative solutions in program design, workflow processes and reporting. In this role, you must be accuracy-driven, detail-oriented, and passionate about data.

JOB FUNCTIONS AND RESPONSIBILITIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

• Administer incentive and commission plans, including managing eligibility, calculating payments, soliciting approvals, and coordinating payments through payroll
• Prepare compensation budgets, forecasts and accruals in coordination with Finance
• Analyze incentive plan effectiveness in driving desired results at individual and organization level (i.e. the ROE of the plan)
• Advise on incentive plan design by modeling changes to align with cost and performance objectives, and reviewing plan documents to ensure accurate administration
• Develop effective communications to plan participants on payout targets and results, and respond to inquiries as needed
• Support requirements of plan audits, regulatory agency reporting, risk assessments and key control monitoring
• Maintain plan participation, targets and job codes in HRIS (Oracle Fusion)
• Partner with HR and Finance teams on other various projects and initiatives as needed

QUALIFICATIONS:

EDUCATION / EXPERIENCE

To perform this job successfully, an individual must have the following education and/or experience:

• Bachelor's Degree in Human Resource Management, Business Administration, Finance, Statistics or equivalent combination of education and experience
• Experience (0-2 years) in compensation, particularly incentive compensation, preferred but not required

• Advanced proficiency in Microsoft Excel (advanced - macros, pivot tables, etc.), along with regular proficiency in Microsoft Word, PowerPoint, Access
• Performs all duties and responsibilities with high level of accuracy and attention to detail
• Possesses strong financial acumen and analytical skills
• Utilizes outstanding organization and time management skills to manage and meet multiple deadlines and respond to changing priorities
• Works well under remote leadership; i.e. self-directed
• Demonstrates excellent verbal and written communication skills
• Navigates web-based HRIS (Oracle Fusion a plus) and reporting applications

TRAINING / LICENSING REQUIREMENTS

• Must pass the Company's Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

COMPANY SUMMARY

Ocwen is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

About Us

Company: PHH Mortgage

PHH Mortgage, a wholly owned subsidiary of Ocwen Financial Corporation, is one of the largest subservicers of residential mortgages in the United States. PHH Mortgage provides servicing solutions to companies who own mortgage servicing rights and offers portfolio retention services to extend and enhance customer relationships.

PHH has been providing mortgage lending and servicing solutions since 1984 and is dedicated to responsible and ethical practices while delivering an exceptional customer experience. We strictly focus on subservicing and portfolio retention allowing our diverse professional clients - representing some of the largest and most recognizable financial and wealth management institutions, investors of MSRs, regional and community banks, and credit unions - to concentrate on their core businesses, while providing borrowers with exceptional customer service throughout the life of their loans.

Adhering to the highest levels of risk and compliance, built to bank-like standards, we build relationships with our clients and their customers to promote a philosophy of retaining 'customers for life.' We strive to be a natural extension of each client's team, helping them to keep their expenses down, borrowers satisfied and service levels up while meeting today's regulatory demands and changing market conditions.

Ocwen is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.